UNC-Chapel Hill offers multiple retirement programs to suit your needs. Read more about the plans and systems offered below.
Neither the investment experience of the plan assets nor the amount contributed by you and the University, on your behalf, directly determines the amount of the guaranteed benefit you will receive at retirement. Contributions begin on day one of eligibility and retroactive contributions are deducted in one lump sum. Once enrolled, you may not change your election (irrevocable).
As a reminder for active members nearing retirement, Medicare becomes primary the last month that a retiring active member is covered by his or her agency and the Medicare reduced rate applies. Members should be aware of the Medicare primacy change and the need to elect Medicare Part B to be effective the date of their retirement.
In order for a retiree to be eligible for the United Healthcare Group Medicare Advantage Plan under the Retirement Systems, the retiree must be enrolled in Part A and B and they must have enrolled in their retirement benefit more than sixty days in advance of their coverage effective date.
All University employees are encouraged to supplement their state and federal retirement benefits by participating in one or more of the supplemental retirement savings programs available to them. A significant part of the retirement planning process may include voluntary supplemental retirement plans that offer significant tax advantages.
The University makes such plans available to eligible employees as authorized under Sections 403(b)(1), 403(b)(7), 457(b) and 401(k) of the Internal Revenue Code. A supplemental retirement plan allows you to make contributions through payroll deductions to a variety of investment vehicles.
The supplemental programs available are:
Learn more about planning for retirement, whether you’re new to UNC-Chapel Hill, in the middle of your career, or ready to retire.Learn more