NC 401(k) Plan, NC 457 Plan and NC 403(b) Program - Supplemental Retirement Plans

 

A common retirement misconception is that your pension and social security benefits will be enough to replace at least 80 percent of your income after retirement, also known as being “retirement ready.” In reality, only about 44 percent of our state and local government employees with just those two accounts are ready for retirement. By contrast, about 71 percent of participants who are enrolled in a pension, social security and at least one supplemental retirement plan are on the right track to retirement readiness.

 

Image showing percentage of people who are financially prepared for retirement because they have at least one supplemental plan

Participant Frequently Asked Questions about the NC 401(k) Plan, NC 457 Plan and NC 403(b) Program

Employer Frequently Asked Questions about the NC 401(k) Plan, NC 457 Plan and NC 403(b) Program