1) Mandatory Plan
The Teachers' and State Employees' Retirement System is exclusive to the University of North Carolina System and North Carolina State government. All permanent employees who work at least 30 hours per week for nine or more months per year are required to participate by contributing a percentage of their monthly salary. This contribution is made on a pre-tax basis. As a "defined benefit plan," the benefit you receive at retirement is determined by a formula, rather than the accumulation in your personal retirement account.
Checklist to Guide you through the Retirement Process
Provider: Teachers' and State Employees' Retirement System (TSERS)
325 N. Salisbury Street
Raleigh, NC 27603-1385
Customer Service
(919) 733-4191
FAX: (919) 508-5350
2) Optional Retirement Program (ORP)
The University of North Carolina Optional Retirement Program
Guide to Retiring from the University of North Carolina ORP (PDF)
Providers:
Lincoln
Charles E. DeKrafft II
6525 Morrison Blvd. Suite 110
Charlotte, NC 28211-3561
Phone: (704) 943-2131
Toll Free: 1-800-775-3272
Fax: (704) 943-2158
Lincoln National
TIAA-CREF
The Concourse
One Copley Parkway Suite 400
Morrisville, NC 27560
Phone: (919) 465-5800
Toll Free: 1-877-267-4505
Fax: (919) 469-0583
AIG VALIC
Doug Bridges
3100 Tower Blvd. Suite 1601
Durham, NC 27707
Phone: (828) 452-9580
Toll Free: 1-800-892-5558 ext. 89981
FIDELITY INVESTMENTS
Michael Arner
11000 Weston Parkway
Cary, NC 27513
Phone: (919) 384-6349
Fax: (508) 460-2848
michael.arner@fmr.com
3) Phased Retirement Program for Tenured Faculty
The NC State Phased Retirement Program (PRP) allows a full-time (0.75 - 1.00 FTE), tenured faculty member who meets certain age and service conditions to change her or his employment status to half-time employment.