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Dec 31, 2022 · The Local Governmental Employees’ Retirement System (LGERS) is a pension plan administered by the North Carolina Total Retirement Plans within the Department of State Treasurer (DST). Here, our mission is to preserve and protect this benefit for current and future public employees in North Carolina.
The Local Governmental Employees’ Retirement System (LGERS) is a pension plan administered by the North Carolina Total Retirement Plans within the Department of State Treasurer (DST). Here, our mission is to preserve and protect this benefit for current and future public employees in North Carolina.
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As an eligible employee, you participate in one of the most secure and responsibly managed defined benefit plans in the nation — the Local Governmental Employees’ Retirement System (LGERS).
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LGERS is a defined benefit plan qualified under Section 401(a) of the Internal Revenue Code. Defined benefit plans use a defined formula to calculate guaranteed monthly lifetime retirement benefits (not based on your or your employer’s contributions).
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Employees who work full-time are considered members of the North Carolina Local Governmental Employees Retirement System (NCLGERS). The employees' contribution towards the cost of the retirement system is currently 6% of their compensation, which is automatically deducted from their paycheck.
Mar 1, 2023 · State and Local Government Employee Pensions. If you work for a state, county, or municipal government, you may be entitled to a pension. Pensions are typically based on years of service, final ...
