ORBIT

myNCRetirement Statement

Advertisement that the myNCRetirement Statement is now available in ORBIT

Many financial experts believe that you are ready for retirement when you are able to replace 80 percent or more of your pre-retirement income throughout your retirement. The myNCRetirement Statement (formerly the Annual Benefits Statement) is your personalized snapshot of where you stand toward meeting that goal.

View the video below to learn more about your myNCRetirement Statement or log in to ORBIT​ now to access your personalized statement.

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Resources

myNCRetirement Statement FAQs

myNCRetirement Statement Flyer

Your Retirement Benefits Handbook

NC 401(k), NC 457 and NC 403(b) Plans

myNCRetirement Statement Frequently Asked Questions

When will statements become available?

When will statements become available?

myNCRetirement Statements should be available in members’ ORBIT accounts by late spring.

Who is eligible to receive an myNCRetirement Statement?

Who is eligible to receive an myNCRetirement Statement?

Members who actively contributed to the Retirement Systems as of December 31 of the prior year, and have at least 12 months of service will have a statement posted to their personal ORBIT account.

Can the employer access the employees’ annual statement information?

Can the employer access the employees’ annual statement information?

Employers will not have access to employees’ statements. Since employees may have other financial information in their statement such as supplemental savings or Social Security benefit information, statements are only available to the identified member.

How can employees obtain duplicates of their statements?

How can employees obtain duplicates of their statements?

Having statements available in ORBIT  means that members can view, download and save, or print duplicate copies of their statement 24 hours a day. Retirement System staff does not have access to members’ benefit statements since additional savings information may be included.

How can employees who left employment prior to December 31 obtain a statement?

How can employees who left employment prior to December 31 obtain a statement?

Members who left local or state employment prior to contributing to their Retirement Systems in December will not receive a statement, but can still see their account information and balance through ORBIT

How will employees who do not have access to computers be able to see their myNCRetirement Statement?

How will employees who do not have access to computers be able to see their myNCRetirement Statement?

We ask that employers please provide computer access to employees who do not regularly have access to a computer at work. This may mean setting up a centrally located computer kiosk or providing access to a computer at a spare desk. 

We also recommend that members without access to computers use computers available in most public libraries.

What do I do if I find discrepancies in my statement information, such as years of service or age?

What do I do if I find discrepancies in my statement information, such as years of service or age?

First go to your Human Resources (HR) representative to point out the incorrect information. In most cases your HR or payroll representative will be able to correct the information in their monthly reporting to the Retirement System. If you find that the information cannot be corrected through your employer, please contact the Retirement System at 1-877-627-3287.

Will "Dual Account" participants in Cooperative Extension see both Local Governmental Employees’ Retirement System (LGERS) and Teachers’ and State Employees’ Retirement System (TSERS) balances even if they are not actively contributing to both?

Will "Dual Account" participants in Cooperative Extension see both Local Governmental Employees’ Retirement System (LGERS) and Teachers’ and State Employees’ Retirement System (TSERS) balances even if they are not actively contributing to both?

Yes. "Dual Account" employees in Cooperative Extension will see account balances for both LGERS and TSERS. However, the estimate and projected retirement age is based on the one system in which the members have the most years of service. The estimate and projected retirement age may not be accurately represented in the statement.

Will an employee who was on leave without pay in December get a statement?

Will an employee who was on leave without pay in December get a statement?

No.  Employees who did not make a contribution to the Retirement System as of December 31 will not receive a statement.  Employees can see their account information and balance through ORBIT.

Where is the information on the age for eligibility for an unreduced retirement benefit?

Where is the information on the age for eligibility for an unreduced retirement benefit?

Information on the age for eligibility for an unreduced retirement benefit is found under the “Notes and Assumptions” section on the side of Checkpoints 1 and 2. The third checkmark will show your projected age for an unreduced retirement and is based on the years of service qualifications in the Retirement System.

Will employees with less than one year of service receive a statement?

Will employees with less than one year of service receive a statement?

No. Employees with fewer than 12 months of service as of December 31 will not receive an myNCRetirement Statement. Instead, a letter will be posted to their personal ORBIT account that communicates where to find their length of service, retirement account balance, and beneficiary designation(s) within ORBIT. A more detailed statement will be prepared next year if the members meet the criteria above.

Why are statements not mailed?

Why are statements not mailed?

Placing the statement in members’ ORBIT accounts will maintain their personal security by eliminating mailings of personal account information. Up to two years of statements will be stored in each ORBIT account. Members may print out multiple copies of the statement if needed. Not mailing statements also is environmentally friendly and eliminates the cost of printing and mailing.

Will the North Carolina Firefighters’ and Rescue Squad Workers’ Pension Fund be listed on the statement? If so, will it indicate the number of years of service credit in the Fund?

Will the North Carolina Firefighters’ and Rescue Squad Workers’ Pension Fund be listed on the statement? If so, will it indicate the number of years of service credit in the Fund?

No. The NC Firefighters’ and Rescue Squad Workers’ Pension Fund  is not included on the myNCRetirement Statement since the make-up of the pension plan is different than the other systems managed by the N.C. Department of State Treasurer. Firefighters who are a part of the Local Governmental Employees’ Retirement System (LGERS) will receive a statement.