The effective date of your retirement is always the first day of the month. The present monthly benefit is $170. 

After receiving your application, the pension fund will send you an acknowledgment letter confirming your retirement information, including the payment date for your benefits. 

Your monthly benefit will be deposited into your bank account. Click here for a list of paydays.

Creditable Service is the total of all service credit that counts towards your pension fund benefit.

Overpayment Offsets

Monthly retirement benefits and refund of contributions are subject to offsets for overpayments incurred to members in a state-administered retirement system. If you incur an overpayment or erroneous payment in: 

• state-administered retirement system 
• the Disability Income Plan of North Carolina 
• or State Health Plan premiums (or claims paid on behalf of) 

This includes any benefits paid to any member who is later determined to have been ineligible for those benefits or unentitled to those amounts, which may be offset against any retirement allowance, return of contributions, or any other right accruing to the same person, the person’s estate, or designated beneficiary(ies).