NC Retirement System

The Teachers’ and State Employees’ Retirement System (TSERS) is a defined benefit plan under Section 401(a) of the Internal Revenue Code, available to permanent, full-time and job share employees. Defined benefit plans use a formula to calculate monthly retirement benefits once eligibility requirements have been met. Contributions are payroll deducted on a pretax basis, at a required rate of 6% of gross wages per pay. Additional information can be found at MyNCRetirement | My NC Retirement. Retired members or those approaching retirement can contact the NC Retirement System directly at 1-877-627-3287.

Supplemental Retirement Plans

NC 401(k) Plan

The NC 401(k) Plan is a retirement savings plan available exclusively to North Carolina public employees actively contributing to the Teachers’ and State Employees’ Retirement System (permanent, full-time and job share employees). Contributions are available on a pretax and/or ROTH basis and collected via payroll deduction. Additional information can be found at www.myncplans.com or by contacting the NC Plans team directly at 1-866-627-5267.

403(b) and 457 Plans

WCPSS sponsors supplemental 403(b) and 457 plans, administered by Voya Financial. These plans are available to all WCPSS employees, with contributions collected via payroll deduction on a pretax and/or ROTH basis. Additional information can be found at https://wcpss.beready2retire.com/ or by contacting a Voya representative at 919-622-4235.