Employees become a member of the Teachers' and State Employees Retirement System (TSERS) on the date of hire. Eligible employees are those that are permanent and working at least 30 hours per week for the State of North Carolina. Once you enroll in the Retirement System, six percent (6%) of your gross monthly salary will be deducted from your check on a tax-deferred basis. This is a mandatory contribution. The State may also contribute a percentage of all membersí salaries to pay for benefits for you and other members. Under current law, if you became a member of this Retirement System after August 1, 2011, you are vested after 10 years. (Employees who became members before August 1, 2011, are vested after five years.) This means that if you work until the qualified age/service requirement or separate from employment and leave your contributions in the system, you will be eligible to draw a retirement benefit. Once you attain certain age and service requirements and wish to retire, you are eligible to apply for monthly retirement benefits. You will be eligible to receive a reduced benefit at age 50 with 20 years of creditable service, or at age 60 with 10 years of creditable service. You may retire with an unreduced benefit at age 65 with 10 years of creditable service, at age 60 with 25 years of creditable service, or at any age with 30 years of creditable service.
If you leave the System for any reason other than retirement or death, you can receive a refund of your contributions or leave your contributions in the System and keep all creditable service you earned to that date.
Enrollment into the Teachers' and State Employees' Retirement System is mandatory. Once your first contribution has been made an employee number will be assigned, which will generate a designation of beneficiary form that will be mailed to your home address directly. Please complete the beneficiary designation form and return it directly to the Retirement System. If you have any questions please contact your Benefits Specialist.
For more information on TSERS, including the TSERS retirement handbook and other resources, go to the My NC Retirement website.