QUESTIONS?
For questions on
retirement, contact
NCLGERS at
1-877-627-3287
You can also contact
Human Resources at
919-469-4070 or
TotalEmployeeHealth@
carync.gov
NC LOCAL GOVERNMENT EMPLOYEE RETIREMENT SYSTEM (NCLGERS)
An employee in a benefit eligible position working more than 20 hours per week is a contributing
member of the NCLGERS. Members of NCLGERS are eligible for retirement benefits.
CONTRIBUTION TO THE ACCOUNT
Cary contributes a set percentage, determined by NCLGERS, to the retirement system and
the employee is you are required to contribute 6% of your pre-tax wages to the retirement
system. After five years of service, you are vested and eligible for a retirement benefit.
ELIGIBILITY FOR RETIREMENT BENEFITS
In order to receive a full retirement benefit, the vested employee must have left their
contributions in the account and meet one of the following:
• 30 years of service with NCLGERS at any age
• 25 years of service with NCLGERS and be age 60
• 5 years of service with NCLGERS and be age 65
Early retirement is available at age 50 with 20 years of service and age 60 with 5 years of service.
There are different criteria for Law Enforcement Officers and Firefighters.
PREPARING FOR RETIREMENT
An eligible employee is encouraged to:
• Attend a pre-retirement seminar through Cary
• Attend a pre-retirement workshop by NCLGERS
• And meet with Prudential or Voya
• Employees, at any stage in their career, should read and review the Retirement Toolkit
to help them prepare for and walk through the retirement process.
When an employee is 6 months out from retiring, it is recommended they have a discussion
with Human Resources to discuss their benefits and the retirement process.
The NCLGERS website contains:
• Information Handbook
• FAQs
• Ability to calculate benefit estimate
?
CARY Benefits Handbook Page 39
Retirement Benefits
NEWSFLASH
You can file your
paperwork for
retirement 120 days
out from your
retirement date.
We encourage you to
make an appointment
with Human Resources
