Does NC contribute to 401k?

The NC 401(k) Plan is a tax-qualified, defined contribution plan under Section 401(k) of the Internal Revenue Code. In addition, the NC 401(k) Plan and the NC 457 Plan are state-sponsored plans that are administered by the Department of State Treasurer and the Supplemental Retirement Board of Trustees.

Can NC state employees borrow from their retirement?

Most public sector employees in North Carolina receive their retirement benefits from the state retirement system. This system’s retirement plan is a 401a Defined Benefit Plan and does not allow for borrowing money from its retirement accounts.

What is NC 457b?

The 457(b) is a supplemental retirement plan that allows employees to set aside payroll-deducted contributions on a pre or after-tax basis. Pre or after-tax contributions may be invested in fixed and variable accounts under this plan.

How to save for retirement in North Carolina?

Checkpoint 3 illustrates how saving more in your NC 401 (k), NC 457 Plan and/or NC 403 (b) account could potentially boost your monthly retirement income. Checkpoint 4 lists your beneficiary (or beneficiaries) for both your pension plan (s) and your NC 401 (k), NC 457 and/or NC 403 (b).

How to set up an orbit retirement account?

ORBIT Whether you’re actively working as a public employee or have retired from public service, ORBIT is designed to make managing your retirement account easier. Update beneficiaries, contact information and much more! Log in or create an ORBIT account

What does orbit do for retired public employees?

Whether you’re actively working as a public employee or have retired from public service, ORBIT is designed to make managing your retirement account easier. Update beneficiaries, contact information and much more!

What are the checkpoints for myncretirement in NC?

Checkpoint 1 provides your current savings and service information. Checkpoint 2 outlines the sources of your potential retirement income. Checkpoint 3 illustrates how saving more in your NC 401 (k), NC 457 Plan and/or NC 403 (b) account could potentially boost your monthly retirement income.