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Carolina employees have the advantage of a variety of tax-deferred savings
options. In addition to the pension plans available through the state,
supplemental retirement plans provide savings for a comfortable retirement.
As a Carolina employee, you have three types of plans available. Each of these
plans offers a variety of savings instruments, from fixed interest accounts to
aggressive stock funds. The types of plans are known by their Internal Revenue
Service designations: The 403(b) plans are tax-deferred annuities; the
403(b)(7) are tax-deferred mutual funds.
Because you are eligible for benefits as a State of North Carolina employee,
you may also participate in the state's 401(k) savings plan or the 457,
deferred compensation plan. All of these plans accomplish the same objectives:
They lower your taxable income and allow you to save for retirement. Temporary
employees are eligible to participate in the 403(b) and 403(b)(7) only.
Representatives from these plans will be on campus March 20 from 10 a.m. to 3
p.m. in the Great Hall of the Student Union. These representatives will be able
to provide information and answer questions regarding the many investment
options available to Carolina employees.
Staff from the Employee Benefits Office will also be on hand to answer
questions and provide assistance. No appointments are necessary.
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