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News

2016 Total Compensation Statements Coming Soon

February 23, 2017 | In Benefits & Work/Life

Personalized 2016 Total Compensation statements from the Office of Human Resources are coming soon to mailboxes across campus. Each benefit-eligible employee will receive a statement showing the combined value of your salary plus employer- and employee-paid benefits as components of your total compensation. Statements show your annualized salary and enrolled benefit plan data as of December 2016. Contact benefits@unc.edu or 919-962-3071 with questions about the 2016 statements.

The North Carolina State Retirement System is also preparing 2016 annual benefits statements for active plan participants who contributed to their Teachers’ and State Employees’ Retirement System (TSERS) accounts as of December 31, 2016. To prepare for 2016 statements, 2014 TSERS statement data will be permanently removed from ORBIT on March 31, 2017.  If you are a TSERS participant and you want to keep a copy of your 2014 TSERS statement, download the information from ORBIT, since the State Retirement System will not retain the data. If you have a question about your TSERS statement, contact the NC State Retirement System at nc.retirement@nctreasurer.com or 877-627-3287.

Now is also a good time to check your individual Social Security statement. The Social Security Administration no longer mails hard copy statements to your home address, making it a bit easier to overlook these valuable benefits. Since Social Security retirement benefit amounts are based on earned taxable income (which is transferred from the employer to the IRS to the Social Security Administration), it is a good habit to check your individual Social Security statement data each year. No matter how near – or far – you may be from that magical date called “retirement,” consider creating a “My Social Security” account to see your annual data.  Call 800-772-1213 or contact Social Security with questions about Social Security data, benefits or statements.