In order for the North Carolina’s pension system to move forward, it has to take a deep dive looking back every five years. Today the North Carolina Retirement Systems (NCRS) Board of Trustees (BOT) got updates needed to determine things like cost-of-living adjustments and employer contribution rates. There is a long list of factors that goes into determining when COLA’s or one-time bonuses can be recommended. As things stand right now, some of the criteria is not met for 2026 — but no votes would come from the BOT until January.
Topics Related to RSD Press Release
The North Carolina Retirement Systems (NCRS) is modernizing and improving the user experience. Beginning in early 2026, the ORBIT member portal will launch a streamlined, single sign-on (SSO) login powered by ID.me — a trusted digital identity platform used by federal and state agencies nationwide.
The North Carolina Retirement Systems ("NCRS") pr
The Local Governmental Employees’ Retirement System (LGERS) Board of Trustees has voted to set new contribution rates that local government agencies must pay into the N.C. Retirement Systems Division for employee pensions, effective July 1. That was among a number of actions taken at the quarterly meeting of the LGERS and Teachers’ and State Employees’ Retirement System (TSERS) boards of trustees on Thursday, April 24.
State Treasurer Brad Briner is responding to the budget proposal put forward by Gov. Josh Stein today:“We are disappointed the Governor is proposing for only the second time in 83 years to not fully fund our state’s retirement system. This proposal sent to lawmakers today would create a $206 million shortfall in the funds for our retirees over the next two years,” said Treasurer Briner.The Treasurer said he is confident legislative leaders will take the needs of the state’s retirees more seriously.
State Treasurer Brad Briner and the North Carolina Supplemental Retirement Plans Board of Trustees (Board) unanimously approved a 12-month waiver extension of its administrative fee. This action was taken at the regularly scheduled quarterly Board meeting held on Feb. 20 and will save the NC 401(k) Plan and NC 457 Plan (Plans) participants approximately $1.7 million over the next year.
State Treasurer Brad Briner announced today that year-end tax documents for retirees and benefit recipients are now available. The North Carolina Retirement Systems (RSD) has released 382,101 electronic 1099-R and W-2 documents well ahead of schedule.
Up More than 43% Since 2017 Even After Paying Out Nearly $52 Billion in Benefits
Requests Retirement Services Division to Expedite Benefits
Legislation would attempt to close the 40% participation gap between state and local employees