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1. www.myncretirement.com › documents › filesLOCAL GOVERNMENTAL EMPLOYEES’ RETIREMENT SYSTEM

   www.myncretirement.com › documents › files

   The Local Governmental Employees’ Retirement System (LGERS) is a pension plan administered by the the Board of Trustees with the assistance of the Retirement Systems Division 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.

2. files.nc.gov › retire › documentsLOCAL GOVERNMENTAL EMPLOYEES’ RETIREMENT SYSTEM - NC

   files.nc.gov › retire › documents

   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.

   • File Size: 9MB

   • Page Count: 38

3. People also ask

   What percentage of state and local government workers participate in pension plans?

   • In 2016, most state and local government, participated in money purchase pension plans (72 percent), followed by savings and thrift plans (37 percent). Seventy-one percent of private industry workers and 69 percent of state and local government workers were required to contribute to receive an employer contribution. (See chart 4.)

   How do retirement plans for private industry and state and local

   www.bls.gov/opub/btn/volume-12/how-do-retirement-plans-for-private-industry-and-state-and-local-government-workers-compare.htm

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   Who has access to retirement benefits?

   • As of March 2022, 69 percent of private industry workers had access to retirement benefits (either defined benefit or defined contribution plans), while 92 percent of state and local government workers had access.

   How do retirement plans for private industry and state and local

   www.bls.gov/opub/btn/volume-12/how-do-retirement-plans-for-private-industry-and-state-and-local-government-workers-compare.htm

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   Are defined benefit plans more prevalent for state and local government workers?

   • In March 2022, defined benefit plans are more prevalent for state and local government workers. Only 15 percent of private industry workers had access to a defined benefit plan, compared with 86 percent of state and local government workers.

   How do retirement plans for private industry and state and local

   www.bls.gov/opub/btn/volume-12/how-do-retirement-plans-for-private-industry-and-state-and-local-government-workers-compare.htm

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   What percentage of government workers have early retirement?

   • According to NCS data, 99 percent of private industry workers and 92 percent of state and local government workers have the option of early retirement. Table 4 shows the median age of early retirement is 55 for both private industry and state and local government workers, in 2019 and 2016, respectively.

   How do retirement plans for private industry and state and local

   www.bls.gov/opub/btn/volume-12/how-do-retirement-plans-for-private-industry-and-state-and-local-government-workers-compare.htm

   See all results for this question

4. www.surfcitync.gov › FAQFAQs • What is the Local Government Retirement System (LGERS

   www.surfcitync.gov › FAQ

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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.

5. files.nc.gov › retire › documentsWelcome to the Local Governmental Employees’ Retirement ...

   files.nc.gov › retire › documents

   The Local Governmental Employees’ Retirement System (LGERS) is a pension plan admin-istered by the North Carolina Total Retirement Plans within the Department of State Trea-surer (DST). Here, our mission is to preserve and protect this benefit for current and future public employees in North Carolina. Partners in Planning for Your Retirement.

   • File Size: 5MB

   • Page Count: 40

6. files.nc.gov › retire › documentsLocal Governmental Employees’ Retirement System (LGERS ... - NC

   files.nc.gov › retire › documents

   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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8. www.bls.gov › opub › btnHow do retirement plans for private industry and state and ...

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   Jan 10, 2023 · As of March 2022, 69 percent of private industry workers had access to retirement benefits (either defined benefit or defined contribution plans), while 92 percent of state and local government workers had access.