by Kathy W Bryant | Jan 8, 2024 | Benefits, For System Office Staff, Retirement News
We often hear about interest rates but have you ever wondered what they are and how they affect your finances? An interest rate is reward for saving money or the cost of borrowing it. Interest is calculated as a percentage of the total money that you borrow or save....
by Kathy W Bryant | Jan 8, 2024 | Benefits, For System Office Staff, Retirement News
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...
by Kathy W Bryant | Jan 8, 2024 | Benefits, For System Office Staff, Retirement News
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...
by Kathy W Bryant | Jan 8, 2024 | Benefits, For System Office Staff, Retirement News
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...
by Kathy W Bryant | Oct 11, 2023 | Benefits, For System Office Staff, Retirement News
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...
by Kathy W Bryant | Oct 11, 2023 | Benefits, For System Office Staff, Retirement News
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...
