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Government Benefit Recipients
​​​The Retirement Systems Offices and Call Center will be closed today from 11:30 a.m. until 1:30 p.m. for an all-employee meeting. We apoligize for any inconvenience. Thank you.
The Retirement Systems Division's phones will experience an outage for routine maintenance from Friday, August 17 at 6:30 p.m. until Saturday, August 18 at 8:00 a.m. We apologize for any inconvenience.
​The Retirement Systems is currently experiencing high call volume in our Call Center. Please feel free to take advantage of our new "Call Back Assist" feature which allows you to schedule a call-back time.

 

 

Tax season is coming. Here's what you need to know.

Each year it's important to log in to your ORBIT account to review and make any beneficiary and tax withholding changes that you deem necessary. This year it's especially important to review your tax withholding preferences. Read on to find out what you need to know to wrap up 2018 and prepare for the year ahead.

Use ORBIT to access your 1099 or W-2 tax forms as early as January 18, 2019. Otherwise, paper versions of these documents will be mailed out to the address we have on file for you by Thursday, January 31, 2019. If you decide to wait for your paper tax form, please be sure to allow 7-10 business days to receive the form by mail.

Tax withholding defaults and rates are changing in 2019. Please update your preferences.

State Taxes: Unless you specify a monthly withholding rate or amount for state taxes, your pension account will default to the rate of "single" with zero allowances. This means that more money may be deducted from your benefit payment each month if you do not log in to ORBIT and designate your withholding preferences. If you have already designated a withholding preference or are exempt from paying state taxes, no action is required.

Federal Taxes: Unless you specify a monthly withholding rate or amount for federal taxes, your pension account will default to the rate of "married" with three allowances. If you have already designated a withholding preference, no action is required.

The IRS is recommending that retirees conduct a "paycheck checkup" to make sure they are paying enough tax during the year by using the withholding calculator located on the IRS website. Though primarily designed for employees who receive wages, this online tool can also help those who receive pension and annuity payments on a regular schedule.

 
Set your tax withholding preferences in ORBIT today!

You can log in to ORBIT at any time to start, change or stop the federal and/or North Carolina state tax withheld from your benefit payment. The sooner you review your withholding settings, the sooner you can feel confident that your tax withholding preferences are being honored.

 

 

 

 

You can volunteer to help with hurricane recovery efforts without affecting your retirement benefits

There has been an outpouring of support for everyone impacted by Hurricane Florence, and we've received questions about how our retirees can help without violating Return to Work Laws.

Return to Work Laws govern how retirees can work for a government agency that is participating in the North Carolina Retirement System. Return to Work Laws apply differently to members of the Teachers' and State Employees' Retirement System (TSERS) and the Local Governmental Employees' Retirement System (LGERS). If you violate these laws, you could be subject to financial penalties and/or possible loss of retirement benefits and health coverage, so it's important for you to know how these laws apply to you.

If you're thinking about volunteering, here's what you need to know.

 
Supplemental Insurance Open Enrollment for Retirees and Benefit Recipients
 
Open enrollment for supplemental insurance benefits begins October 1, 2018. Pierce Insurance mailed open enrollment booklets to eligible members in September.
 
Supplemental insurance benefits available to retirees and benefit recipients include:
  • Dental
  • Vision
  • Identity Theft Protection by LifeLock
 If you do not wish to make changes, no action is necessary. If you did not receive a booklet, or for more information, visit www.ncretiree.com or call toll-free (855) 627-3847.
 
What to Expect After Retirement
 
 
Return to Work 
 
Some retirees of the Teachers’ and State Employees’ Retirement System and Local Governmental Employees’ Retirement System will officially retire and later be reemployed. If the retiree returns to work for an employer in the Retirement System from which they retired, certain earnings limitations may apply.
 
The Retirement Systems prepared the following guidance publications for LGERS and TSERS about the return-to-work laws.
The earnable allowance is the amount the retiree is allowed to earn per year during reemployment, under most circumstances. Please click on the "Educate Yourself" tab in ORBIT to learn more about reemployment after retirement. Retirees of the Consolidated Judicial Retirement System, Legislative Retirement System, and Registers of Deeds’ Supplemental Pension Fund should contact the Retirement Systems Division to discuss reemployment provisions for their systems.


 

Former Retirement Systems Division Phone Number Possibly Being Used By Scammers
 
The Retirement Systems Division has been informed that a previous phone number associated with the Division is being used by a company that provides possible misleading information about the opportunity to qualify for a gift card or rebate voucher. Upon dialing the old number, callers are prompted to provide personal information, including credit card information and date of birth, in exchange for the opportunity to qualify for the offer. 
           
This issue has been reported to the N.C. Department of Justice’s Consumer Protection Division which is investigating the matter. 
           
The Retirement Systems Division encourages you to be mindful of potential scams and refrain from providing personal information over the phone requested by unauthorized personnel. The updated number for the Retirement Systems Division is 877-NC-SECURE (877-627-3287).        

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