RETIREMENT OPTIONS
Because we recognize the importance of saving for retirement, the Village of Pinehurst provides employees with several programs to assist in securing a healthy financial future.
NC STATE RETIREMENT SYSTEM The Village and employees both contribute to the Local Government Employees Retirement System. For plan information and details about individual accounts (including a calculator to estimate a personal retirement benefit), contact the State Treasurer’s Office at 877-627-3287 or visit www.myncretirement.com.
EMPOWER (formerly PRUDENTIAL)
401(k) The Village contributes 5% of an employee’s pay to his/her 401(k) account. Employees may also contribute to their accounts on a pre-tax and/or after-tax (Roth) basis, via payroll deduction. Changes to contribution amounts and investment options are permitted throughout the year.
457(b) This voluntary benefit is another option for employees looking to contribute to a retirement account on a pre- tax basis and/or after-tax (Roth) basis via payroll deduction.
For more information call 866-627-5267 or visit www.myncplans.com
The benefit plan information shown in this guide is illustrative only. This information is not intended to be exhaustive nor should any discussion or opinions be construed as professional advice. The information for this benefit has been provided by Village of Pinehurst. OneDigital is not responsible for the content on this page.
17
Made with FlippingBook - Online catalogs