October 19, 2015
Treasurer Cowell Commemorates NC Saves for Retirement Month
RALEIGH--State Treasurer Janet Cowell today commemorated October as “North Carolina Saves for Retirement Month” by releasing a resolution to raise public awareness of various retirement options and to educate North Carolinians on the keys to achieving the goal of retirement readiness.
As administrator of the North Carolina Retirement Systems on behalf of 900,000 teachers, firefighters, and public employees, the Department of State Treasurer hopes to encourage all North Carolinians to use the month of October to discuss planning and saving for retirement. The resolution states “although many employees have access through their employers to defined benefit and defined contribution plans to assist the employees in preparing for retirement, many of the employees may not be utilizing those plans at all or to the full extent allowed by law."
Additionally, the resolution “calls on localities, schools, universities, nonprofit organizations, businesses, other entities, and the people of North Carolina to observe North Carolina Saves for Retirement Month with appropriate programs and activities, with the goal of increasing the retirement savings and personal financial literacy of all people in North Carolina, thereby enhancing the retirement security of North Carolinians.”
In addition to the resolution, the Department has launched the North Carolina Total Retirement Readiness tour. The tour features NC Total Retirement Plans, Social Security Administration, NC State Health Plan, and State Employees’ Credit Union, along with retirement readiness planning meetings to focus on individual planning needs. The tour will reach hundreds of employees in Raleigh, Greensboro, Charlotte, and Lumberton.