January 7, 2016State Treasurer Launches Re-branded Retirement System for Public ServantsNC Total Retirement Plans provides a one-stop-shop for retirement resources
RALEIGH, N.C. – State Treasurer Janet Cowell announced today the launch of the North Carolina Retirement Systems’ new brand, the North Carolina Total Retirement Plans®.
“This re-branding was motivated by the Department of State Treasurer’s growing number of services that help public employees plan, prepare and enjoy a comfortable retirement,” said Cowell. “The North Carolina Total Retirement brand reflects that more comprehensive approach.”
Originally considered “supplements” to the pension plan, the NC 401(k) and NC 457 Plans, NC 403(b) Program are now considered essential components of an employee’s total retirement solution and a way for them to replace 80 percent of their pre-retirement income for each year of their retirement. The state’s retiree insurance program provides great value for retired public servants seeking affordable accident, life, dental and vision insurance.
In addition, strengthened relationships with the State Health Plan, Social Security Administration, and long-time supplemental insurance provider Pierce Insurance, means that active members and retirees now have a one-stop-shop where they can obtain information that will lead to more confident financial decisions and ultimately, a more financially secure retirement.
The North Carolina Retirement Systems (NCRS) are the pension plan components of the North Carolina Total Retirement Plans. The Total Retirement Plans, composed of the NCRS, NC 401(k), NC 403(b), and NC 457(b), are the retirement plans for North Carolina public employees administered by the North Carolina Department of State Treasurer.
For more information about the North Carolina Total Retirement Plans, please go to bit.ly/NCTRP
The North Carolina Total Retirement Plans offer retirement resources, plans and benefits to nearly 950,000 public employees and their benefit recipients. The Retirement Systems Division of the Department of State Treasurer administers the North Carolina Teachers’ & State Employees’ Retirement System and the Local Governmental Employees’ Retirement System, death benefit plans, disability plans, and the North Carolina Supplemental Retirement Plans (voluntary, defined contribution plans) created under North Carolina state law.