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Contact

Ronnean Collins
HR Consultant/ Benefits Manager
(910) 672-1825
rcollin4@uncfsu.edu

Abigail Troxell
HR Specialist/ Benefits
(910) 672-1451
atroxell@uncfsu.edu

Retirement

RETIREMENT PLANS


Mandatory Retirement Plans ("TSERS" / "ORP")

As a Fayetteville State University employee, you must enroll in either The Teachers and State Employees Retirement System ("TSERS"), or The Optional Retirement Program ("ORP"). These two plans are designed to provide retirement income, along with The University's supplemental retirement plans and social security benefits. Although you and the University share the cost of each plan, each plan works differently.

The Teachers and State Employees Retirement System
NC Department of State Treasurer
Mandatory Retirement Plan Election Form

  • Unreduced retirement benefit at: any age with 30 years of service, age 60 with 25 years of service, and age 65 with 10 years of service (if hired on or after August 1, 2011). 
  • Reduced retirement benefit at: Age 50 with 20 years of service, and age 60 with 10 years of service (if hired on or after August 1, 2011). 
  • Death benefit after one year of membership service is equivalent to one year of salary, but no less than 25,000 and no more than $50,000.
  • Employee contributes 6%

Employer contributes 17.13%;

10.77% - Pension Accumulation Fund
6.05% - Retiree Health Plan Reserves
0.16% - Death Benefit Trust Fund
0.14% - Disability Income Plan
0.01% - Qualified Excess Benefit Arrangement

*The employer contribution for Law Enforcement Officers includes an additional 5% toward the NC401 (K) Plan.

UNC Optional Retirement Program
ORP Plan Summary
Optional Retirement Enrollment Form

  • Carriers: Fidelity Investments, and TIAA-CREF
  • Employee contributes 6%

Employer contributes 13.03%;

6.84% - Employer Contribution to Vendor
6.05% - Retiree Health Plan Reserves
0.14% - Disability Income Plan

Contact:
Fidelity Investments
Cleo Morgan 
Phone:  803-507-4960
Fax: 508-460-2830
E-mail: Cleo.Morgan@fmr.com

TIAA-CREF
Rodney O. Pettus
Phone:  919-687-5239
Fax: 704-988-1470
E-mail: rpettus@tiaa.org

Supplemental Retirement Plans (401K, 403B, and 457)

These three plans offer pre-tax, and after-tax, options to help you maximize your opportunity to prepare for retirement.

Your Supplemental Retirement Plan Decision Guide 

403B (Fidelity Investments / TIAA-CREF)
Salary Reduction Agreement (403B)
Salary Deferral Agreement (457B)
401K (Prudential Retirement)
457 (Prudential Retirement)
NC401K and 457 Plans Enrollment Form

Contact:
Fidelity Investments
Cleo Morgan 
Phone:  803-507-4960
Fax: 508-460-2830
E-mail: Cleo.Morgan@fmr.com

TIAA-CREF
Rodney O. Pettus
Phone:  919-687-5239
Fax: 704-988-1470
E-mail: rpettus@tiaa.org

Prudential Retirement
Clay D. Thompson
Phone: (704) 219-6104
E-mail: clay.thompson@prudential.com

Phased Retirement Program

The UNC Phased Retirement Program (PRP) is designed to provide an opportunity for eligible full-time tenured faculty members to make an orderly transition to retirement through half-time service, as reflected in the PRP policy and guidelines. 

UNC Phased Retirement Program

A Constituent Institution of The University of North Carolina