A variety of benefits are available to permanent employees who contribute to the Teachers' and State Employees' Retirement System or the Optional Retirement Plan (ORP).
The University of North Carolina Optional Retirement Program (ORP) is an option or alternative to the North Carolina Teachers’ and State Employees’ Retirement System (TSERS) for faculty and staff. Under the ORP, you control your investment choices, distribution methods, and retirement goals, whereas the State controls the investments under TSERS.
The University has authorized two companies to offer investment products under the ORP: Fidelity Investments and TIAA. For more information about the authorized companies or their products, including investment options, services and fees, you should review the information on this website, as well as contact a company representative.
Saving outside of your pension in one of the NC supplemental plans is an important step in being "retirement ready" - meaning you can replace at least 80% of your pre-retirement income. The NC 401(k) and NC 457 Plans and the NC 403(b) Program offer you a wide variety of tools designed to help you create a more secure retirement. Make the most of your Plan benefits.
For more information, please visit NCPlans.prudential.com.
Full-time faculty and staff members who are eligible for membership in the Teachers' and State Employees' Retirement System or Optional Retirement Program are eligible to enroll in three (3) courses per academic year during Fall, Spring, and Summer semesters, subject to approval by the employee's supervisor and Human Resources.
Faculty who are covered under University Policy #89 (Serious Illness and Disability Leave for Faculty) are not covered under the new Paid Parental Leave policy.
Each new permanent staff employee attends an Employee Orientation Program which covers all benefit plans in detail. Enrollment requirements and procedures are provided at orientation. If you have questions, please contact:
OFFICE OF HUMAN RESOURCES & PAYROLL
302 HFR Administration Building
Cullowhee, NC 28723
AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER