The Department of State Treasurer offers two retirement savings options that are exclusively available to public servants in the state of North Carolina – the NC 401(k) Plan and the NC 457 Plan. These supplemental retirement savings plans offer low-cost and diverse investment options, with added value through features like GoalMaker® and the Retirement Planner.
You contribute 6% each month to the North Carolina Retirement Systems, one of the strongest pension plans in the country. This sets the foundation, but it only represents a part of your overall income in retirement. Social Security may also be included, as well as outside savings and assets. The NC 401(k) Plan and NC 457 Plan (if offered through your employer) provide the opportunity for you to build on your future income in retirement.
NC stands for North Carolina, but it also stands for ‘Nothing Compares’ and there is no comparison when it comes to the NC 401(k) and NC 457 Plans. The Supplemental Retirement Board of Trustees has continual oversight and works with a participant-first mentality, making sure you have cost-effective options available to help you prepare for retirement. The value in the Plans expands with our award-winning tools and resources, which include dedicated counselors available to meet with you to discuss your unique situation. As you move into retirement, you can keep your money right where it is and continue to reap the rewards of being a participant.
Nearly half of all active public servants across the state participate in the NC Plans. More than fifty percent of North Carolina employers offer an employee contribution or match. I encourage you to talk with your peers about what they are doing to save for retirement. If your employer offers a contribution as a part of their benefits package, make sure that you are taking advantage and not leaving money on the table.
As a state or local government employee, the North Carolina Supplemental Retirement Plans may help you discover a path to a more secure retirement future. If you are one of the many public servants who already have an account, take time to review your contributions and see if you can do more. For those of you who are new or have not enrolled, opening an account is easy. Visit the Plan Info/Enroll page to see your options and click Enroll Now.
A brighter retirement future is yours with the NC 401(k) and NC 457 Plans. Thank you for your service to North Carolina.
