Trending Topics Contacting the Retirement Systems Division The best way to be verified and contact us is to Reach A Counselor through your online ORBIT account. If you send an email, please include: 🔹 Member ID Number or Last 4 Digits of SSN 🔹 Full Member Name 🔹 Date of Birth 🔹 Address, Phone & Email ⏰ We are experiencing extended hold and email response times. We appreciate your patience! Retirees and beneficiaries receiving a monthly benefit from the Local Governmental Employees' Retirement System One-Time Pension Supplement “We are blessed to have had sufficient market returns to provide this benefit increase to our local retirees in a fiscally responsible manner without increasing the rates we charge to cities and counties across the state – many of which are financially struggling,” Treasurer Folwell said. “Our job is to keep the retirement system solvent for this and the next generation of those who teach, protect and serve.” Unlike the Teachers' and State Employees' Retirement System (TSERS) whose bonus comes from the General Assembly, the monies for this Local Governmental Employees' Retirement System (LGERS) come from the fund itself. In Treasurer Folwell’s view, the action he recommended, which was approved by the Local Governmental Employees’ Retirement Systems Board meeting on January 27, is consistent with the objectives of the funding policy and would promote stability of the retirement systems’ finances. The money to pay for the 2% pension supplement would come from the 11.12% net investment gains the retirement system earned during the calendar year 2020. The one-time supplement payment will be paid in October 2022 and is 2% times the annual retirement benefit payable as of September 2022 (monthly September benefit payment x 2% x 12). The one-time supplemental payment will be part of pension payments for the month of October 2022 only. In November 2022, payments will return to the levels they would have been without the supplemental payment. Information about Empower (Plan Administrator for the NC Plans) Effective April 1, 2022, Empower officially acquired the full-service retirement business of Prudential. Review the important information associated with the acquisition FAQ Document July 21 Prudential Retirement Press Release Retirement Retirement Online Application Retirement Online is the most efficient way to apply for your retirement. Located in your secure ORBIT account, Retirement Online is available 120 days from your retirement date for members of the Teachers’ and State Employees’ Retirement System (TSERS) and Local Governmental Employees’ Retirement System (LGERS). For more information about the process, click here. Cancel my Retirement If you have already submitted your retirement application, you can cancel your application through your ORIBT account or by sending a signed and dated cancellation letter. If you have already received and cashed your first retirement check, you are not able to cancel your retirement. If you cancel your retirement, you will need to resubmit a retirement application when you are ready, and these are processed in the order received. Resubmitting a retirement application may present a delay in the available retirement date and payment, which require processing time as we head into the busy retirement season. If you are considering cancelling your retirement, it is important to also communicate directly with your employer to confirm the availability of your position. Trending Topics: Retirement and Legislation Affecting the Retirement Systems In 2021, the General Assembly made several changes that affect the Retirement Systems. Click here for a brief explanation of some of the changes. Retirees and beneficiaries receiving a monthly benefit from the Teachers’ and State Employees’ Retirement System (TSERS), Consolidated Judicial Retirement System (CJRS), and the Legislative Retirement System (LRS) The North Carolina state budget has been enacted and there are two occasions when supplements will be paid to each monthly payee under the TSERS, CJRS and LRS. The first one-time supplement payment will be paid in December 2021 and is 2% times the annual retirement benefit payable as of September 2021 (monthly September benefit payment x 2% x 12). It will be paid to members who retired on or before September 1, 2021, and beneficiary recipients living as of September 1, 2021. This one-time supplement will be included in the December 22, 2021 benefit payment. (Note: If you are due a one-time supplemental payment and did not receive the payment in the December 22 payroll, it will be received in a subsequent payroll payment.) The second one-time supplement payment will be paid in October 2022 and is 3% times the annual retirement benefit payable as of September 2022 (monthly September benefit payment x 3% x 12). It will be paid to members who retired on or before September 1, 2022, and beneficiary recipients living as of September 1, 2022. This one-time supplement will be included in the October 25, 2022 benefit payment. Salary Increases and bonuses for eligible employees The budget includes salary increases and bonuses for eligible employees as of certain dates and includes: salary increases for teachers and state employees these increases are pension-eligible compensation 'catch up' compensation will be paid in January 2022 and includes the salary increase amount retroactively for July through December numerous one-time bonus programs Many of these are not considered pension-eligible compensation (e.g., the 'pandemic bonus' of $1,000 or $1,500) A member's employer can answer questions about salary increases and one-time bonuses.