FOR IMMEDIATE RELEASE
October 6, 2016
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 950,000 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 scheduled a full slate of events and learning opportunities focused on achieving the goal of retirement readiness. To view the Department’s calendar of events, go to www.nctreasurer.com and click on view all upcoming events.
The NC Saves for Retirement Month Resolution is available here.
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.