Retirement

  • All permanent full-time employees are required to join the Teachers' and State Employees' Retirement System. Eligible employees contribute 6% of their gross salary (pre-taxed) to the Retirement System. This is a mandatory contribution. GCS also contributes on your behalf to the State Retirement System in an amount that is legislated annually. Your contributions are paid with pre-tax dollars, thereby reducing current state and federal income taxes. orbit.myncretirement.com

    Guidance on Return-to-Work Laws for Members of the Teachers' and State Employees' Retirement System (TSERS)

    Please click the above link to access important guidelines and laws governing the return to work process for all retirees of the North Carolina Retirement System.

    Retirement Eligibility  

    Monthly benefits at retirement are based upon the average salary of the employee’s four (4) highest consecutive years, years of state service, and/or age at retirement. After five (5) years of creditable service, an employee is considered "vested" and may be eligible for benefits from the retirement system. For more information Click Here. Permanent full-time employees are covered by a defined benefit plan with the North Carolina Teachers' and State Employees' Retirement System. You may retire with full benefits at; 

    1. age sixty-five (65) with at least five (5) years of contributory service;
    2. age sixty (60) with twenty-five (25) years of service credit; or
    3. any time after you have thirty (30) years of service credit regardless of age.

    You may take early retirement, which means you will receive a reduced monthly retirement payment, either at age fifty (50) with at least twenty (20) years of service credit or age sixty (60) with at least five (5) years contributory service. Retirements may be processed one hundred and twenty days (120) before the date of retirement. All retirements are effective the first of a month.  

    Due to the high volume of retirement questions, Guilford County Schools Benefits Department conducts retirement group information meetings during the year. These meetings are designed to answer questions regarding retirement and explain the retirement process. It is advisable that employees begin to attend the retirement group information meetings at least two (2) years prior to retirement. To attend a group information meeting you need to email the Retirement Specialist at greerj@gcsnc.com. Employees may access their retirement accounts online at the retirement system’s website via ORBITFor additional information visit www.myncretirement.com.  Active/Retired Employees: Toll-Free (877) 627-3287
    E-mail Addressnc.retirement@nctreasurer.com    Please click on the link below to open, view the informative POWERPOINT SLIDESHOW PRESENTATION and listen to the AUDIO RECORDING of the Retirement Seminar:

     

  • AUDIO SESSION - Retirement Seminar:

     

    JUNE 17, 2021 SESSIONS:

    NORTH CAROLINA STATE RETIREMENT SEMINAR, June 17, 2021 

    9:30 AM  Click Audio Retirement Seminar with Powerpoint Above

    4:00 PM  Click Audio Retirement Seminar with Powerpoint Above

     

     Navigating Your State Health Plan Benefits and Medicare - Understanding Your State Health Plan Benefits at Retirement

    The State Health Plan website provides extensive information to help Guilford County School employees, retirees and those individuals who are thinking of retiring understand how the State Health Plan Benefits work with your Medicare Benefits. It is highly recommended that you thoroughly explore this summary to help you better understand and decide which plan is right for you.  Please click on the following link to access this important information: State Health Plan: Retirement and Medicare.  Please also click the following link to access upcoming webinars through the State Health Plan entitled "Understanding Your Medical Plan Options When You Become Medicare-Eligible": State Health Plan Webinars