Retirement Planning: Retirement Ready
Congratulations! After years of hard work and dedication, it’s time for you retire, and to benefit from your years of saving, planning and preparation. Not sure what to do next? Considering re-employment following your initial retirement? We’re here to help.
Before you begin the retirement process, we encourage you to discuss your retirement plans with your family and your employer’s Benefits Consultant and to review the applicable information below:
Monthly retirement benefits are effective the first day of a month.
What are the Steps to Processing My Retirement?
Teachers’ and State Employees’ Retirement System (TSERS)
You can learn more about the TSERS retirement process by reviewing the TSERS Member Handbook.
You should start the retirement process between 120 and 90 days before your planned retirement date. You will start the retirement process online in the ORBIT System found at www.myncretirement.com If you have never logged into this system, you must register first.
Active employees should work with their assigned UNC OHR Benefits Consultant. You can find out who your consultant is by emailing email@example.com
Once you start the online retirement process, your UNC OHR Benefits Consultant will receive a Form 6-C automatically. This is how UNC validates your projected pay, your leave payouts and your projected sick leave balance to the Retirement System.
You will complete steps throughout the online retirement process. Some forms you will process need to be printed and signed in front of a Notary Public. If you do not have access to a computer and printer, you may work with your Benefits Consultant utilizing paper forms and US Mail for applying for retirement. This method is not as efficient as the online process, but it can work.
Once your retirement is finalized, your first monthly retirement benefit will be mailed to you as a paper check on the 25th of the month you retire in. Thereafter, the NC State Treasurer Retirement Division’s policy is to directly deposit your monthly benefit into your bank account on the 25th day of each month.
Optional Retirement Plan (ORP)
You may review the ORP Plan Summary Guide for more information about retirement from the ORP.
To begin the retirement process, you should sign and date an ORP 3 Form within 60 days before your effective date of retirement. The ORP-3 form can be scanned and emailed to firstname.lastname@example.org.
Active employees should work with their assigned OHR Benefits Consultant for retirement. Email email@example.com to find out who your assigned Benefits Consultant is.