The Internal Revenue Service has announced its annual update to contribution limits for pension and retirement plans for the 2024 tax year. Section 415 requires these limits to be adjusted annually for cost of living increases. The limit on contributions by employees...
Benefits
How your retirement contributions can affect your taxes
Taking into consideration how taxes will impact saving for retirement and during retirement is important. As you are meeting with your tax professional, it may be a good time to discuss your tax strategy to save money while saving for retirement and also once you...
Are you saving enough for the retirement lifestyle you want?
We often think about saving for retirement but have you sat down and really thought about what you want your life to look like in retirement? This picture looks very different for everyone- there is no one size fits all. It’s important that your retirement plan is...
2024 UNC System 403(b) Plan Universal Availability Notice
The University of North Carolina System (“UNC System”) offers a choice of voluntary supplemental retirement programs so employees can save additional amounts for retirement. Under the UNC System 403(b) Plan (“the 403(b) Plan”), eligible employees may elect to defer a...
2024 Benefits Reminders
With the new year upon us, be sure to review this important and timely benefit news and information. STATE HEALTH PLAN Any benefit election you made during Open Enrollment for the State Health Plan takes effect on January 1, 2024. Remember to review your most recent...
Take some ‘me time’ this holiday season
Check your check!
Reviewing your next few check stubs is vital! Please make sure your January 2024 State Health Plan insurance deductions are correct. Also, be on the look-out for new benefits and possible premium changes regarding certain NCFlex and University benefits in your January...
Update your mailing address
Due to upcoming 2024 and 2025 benefits plan changes, employees will be receiving benefits information from various vendors via US mail next year. Therefore, it’s important that your current mailing address is on file. Here's how to update your mailing address in...
Share Kindness on World Kindness Day
Did you know that showing kindness to others can also help your health and mental well-being? Showing acts of kindness can increase self-esteem, improve moods, decrease blood pressure, and so many more benefits to a happier healthier you. Here are some tips from...
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...