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Government Benefit Recipients 

Social Security Administration Announces 2015 Cost-of-Living Increase

The Social Security Administration announced a 1.7% increase in monthly Social Security and Supplemental Security Income (SSI) benefits for 2015.
 
The 1.7 percent cost-of-living adjustment (COLA) will begin in January 2015 with benefits to Social Security beneficiaries. Increased payments to SSI beneficiaries will begin on December 31, 2014. 
 
The Social Security Act ties the annual COLA to the increase in the Consumer Price Index as determined by the Department of Labor’s Bureau of Labor Statistics. For more information about the COLA, visit the Social Security website. 

 

Digests for 2014 Legislative Session Now Available

Digests of the 2014 Legislation that affects members of the following North Carolina Retirement Systems are now available on our Laws & Legislation web page: 

  • Consolidated Judicial Retirement System (CJRS)
  • Firefighters' and Rescue Squad Workers' Pension Fund (FRSWPF)
  • Legislative Retirement System (LRS)
  • Local Governmental Employees’ Retirement System (LGERS)
  • National Guard Pension Fund (NGPF)
  • Teachers’ and State Employees’ Retirement Systems (TSERS)
Highlights from the digests include: 
  • The return of 5-year vesting for all TSERS and CJRS members
  • All TSERS, LGERS, CJRS and LRS refund payments paid on or after January 1, 2015, will include the member’s contributions plus applicable interest, regardless of the number of years of retirement service credit

Return to Work 

Some retirees of the Teachers’ and State Employees’ Retirement System and Local Governmental Employees’ Retirement System will officially retire and later be reemployed. If the retiree returns to work for an employer in the Retirement System from which they retired, certain earnings limitations may apply.
 
The earnable allowance is the amount the retiree is allowed to earn per year during reemployment, under most circumstances. Please click on the "Educate Yourself" tab in ORBIT to learn more about reemployment after retirement. Retirees of the Consolidated Judicial Retirement System, Legislative Retirement System, and Registers of Deeds’ Supplemental Pension Fund should contact the Retirement Systems Division to discuss reemployment provisions for their systems.

 

What to Expect After Retirement

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Forms Now Available in ORBIT

Visit ORBIT to view all Retirement Division forms (click the Forms link at the top.)  NOTE: Login to ORBIT to access personalized forms.​​

 

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