Photo: Johnnie Mercer’s Pier, Wrightsville Beach, NC
Important Changes as of Sept. 1, 2023
- If you were hired on or after Sept. 1, 2023, you have 30 days to make your mandatory retirement plan election, as well as other benefit elections for health and supplemental insurance plans. Enrollment instructions will change from the current 2023 brochures. Go to the online enrollment page for instructions and links to enroll for coverage.
- As of Sept. 1, 2023, the University moved to TIAA as the single recordkeeper for the UNC Optional Retirement Program. Review the UNC Retirement Plan RFP Award Notice for details on this ORP change.
Give Your Retirement a Raise
As most state employees have been eagerly awaiting budget news from the NC General Assembly for the fiscal year that began on July 1, news finally came at the end of September. A budget has been passed that currently provides state employees a 4 percent salary...
UNC Retirement Plans Moving to Single Recordkeeper
Earlier this spring it was communicated that the UNC System was exploring the option of moving from our current two retirement plan recordkeepers, TIAA and Fidelity, to a single recordkeeper for all of the UNC defined contribution retirement plans. With the assistance...
More About TIAA
TIAA (Teachers Insurance Annuity Association) was initially created in 1918 by Andrew Carnegie and his Carnegie Foundation for the Advancement of Teaching to be a fully funded system of pensions for professors. Through its rich history, TIAA has evolved into a Fortune...
Envisioning the Retirement Lifestyle You Want
The picture of retirement has vastly changed over the years. Many retirees are more active and lead busier lifestyles. It's never too early to start thinking about your retirement years. Creating a vision board is a technique used frequently to visualize your...
“All achievements, all earned riches have their beginning in an idea.”
Disclaimer
This information is general in nature and may be subject to change. Neither the University of North Carolina (UNC), Empower Retirement, TIAA, Fidelity Investments, nor any of their agents can give legal or tax advice. Applicable laws and regulations are complex and subject to change. For legal and tax advice concerning your situation, you should consult your attorney or tax adviser.
For more information about any of the authorized supplemental retirement carriers or their products, including investment options or charges and expenses, please contact a company representative for a prospectus. Please read the prospectus carefully before selecting a carrier or investment option.
In the event of a conflict between this information and the plan documents, the plan documents will take precedence. The UNC System reserves the right to amend the plan documents at any time.