The North Carolina Retirement Systems is a division of the Department of State Treasurer. The division administers the statutory retirement and benefit plans that cover more than 900,000 public employees in the state. That means one in eight working North Carolinians is a member of the NC Retirement Systems.
One of the primary responsibilities of the Department of State Treasurer is to administer the retirement plans for North Carolina’s 875,000 active and retired public employees, including teachers, police officers, firefighters, and public servants throughout the state. The Retirement Systems and supplemental retirement plans are overseen by boards that maintain responsibility for the proper administration and operation of the systems and plans.
The North Carolina pension fund is conservatively invested for the long term. This keeps our state prepared to pay out obligatory pension benefits. The North Carolina Retirement Systems is the 31st largest in the world and the 9th largest public pension fund in the U.S.