Employee Retirement
Local Governmental Employees' Retirement System
NC State Treasurer
www.myncretirement.com
Full retirement benefits after 30 years of service, at age 60 with 25 years of service or at 65 with 5 years of service. Reduced retirement benefit at age 50 with at least 20 years of service or at age 60 with at least 5 years of service. Additional benefits for law enforcement officers.
Employee contributes 6% of annual salary and the City contributes 11.35% for Non-Sworn; 12.04% Sworn LEO; as mandated by Retirement System.
401K and 457 Plan
401K offered through Prudential. www.nc401k.prudential.com
457 Plan offered through Nationwide Retirement Solutions. www.nrsforu.com
Employees contribute voluntarily. City makes 401K contribution for law enforcement officers.