Topics Related to Local Government Employees’ Retirement System (LGERS)

2023 Contribution Rates Implementation and Retroactive Invoicing for TSERS Employers

Effective July 1, 2023, the Employer Contribution Rates for TSERS, CJRS, and LRS are adjusted. Please view the recent Special Edition Monitor for the rates.
 

Retirement Monitor - Special Edition: Contribution Rates TSERS, CJRS & LRS 2023

Section 39.26. – Salary-Related Contributions: Effective July 1, 2023, the Employer Contribution Rates for TSERS, CJRS, and LRS are adjusted. Please see the table below for the rates. It is our understanding that RSD will issue Retroactive Rate Adjustment invoices (either positive or negative) for the impact of the individual adjustments on each employer dating back to July 2023 service. Please note, the new law also includes budgeted employer contribution rates for the year beginning July 1, 2024 (in section 39.26.(c)), but those could still change before next year.

Retirement Monitor - September 2023

Changes to First Retirement Benefit Payments; Local Governmental Employees' Retirement System Rates Effective 7/1/23; Information Regarding TSERS Employer Contribution Rates for Fiscal Year Beginning July 1, 2023; All in A Day's Work; Supplemental Retirement Plans Information; Employer and Member Webinars; State Health Plan Open Enrollment

Retirement Monitor - June 2023

Local Governmental Employees' Retirement System Rates Effective 7/1/23; Information Regarding TSERS Employer Contribution Rates for Fiscal Year Beginning July 1, 2023; Timely and Accurate Employer Reporting; Employer-Implemented New Systems and Testing; Update: Employer NC 401(k) and NC 457 Plans' Employer Platform Migration; Employer and Member Webinars; Prepare for 2024 Open Enrollment with HBR Training

Retirement Monitor - May 2023

Employer-Implemented New Systems and Testing; Timely and Accurate Employer Reporting; Retirement Season is Here!; Payroll Reporting questions must be routed correctly for quickest responses; LGERS and TSERS Retirement Systems Rates Effective 7/1/23; Long Hold Time?; Employer NC 401(k) and NC 457 Plans' Employer Platform Migration; Employer and Member Webinars; Understanding Your Medical Plan Options When You Become Medicare Eligible Webinars

Retirement Monitor - March 2023

Employer-Implemented New Systems and Testing; Timely and Accurate Employer Reporting; Local Governmental Employees' Retirement System Rates Effective 7/1/23; Teachers' and State Employee's Retirement System Rates Effective 7/1/23; Return-to-Work Earnable Allowance; MARS in ORBIT; Employer & Member Webinars; Understanding Your Medical Plan Options When You Become Medicare Eligible Webinars

Retirement Monitor - February 2023

In this issue: Timely and Accurate Employer Reporting; Employer-Implemented New Systems and Testing; Return-to-Work Earnable Allowance; Peak Retirement Season; Secure 2.0 Act Changes; "Understanding Your Medical Plan Options When You Become Medicare Eligible" Webinars; Employer & Member Webinars

Retirement Monitor - December 2022

In this issue: Timely and Accurate Employer Reporting; Annual Limits in 2023 for Retirement System Compensation; Update to Salary Cutoff for Monthly "Pension Spiking Watch List"; Volunteer Fire Departments and LGERS Membership; Return-to-Work Earnable Allowance; IRS Contribution Increases for 2023; 2022 A Year In Review; Employer & Member Webinars

Retirement Monitor - November 2022

In this issue: Timely and Accurate Employer Reporting; Local Government 1,000 Rule Reminder; Importance of Timely Completion of Form 6C; Return-to-Work Earnable Allowance; Pension Spiking Salary Threshold Increase; Opt-in To Go Paperless; IRS Contribution Increases for 2023; Employer & Member Webinars

Retirement Monitor - September 2022

In this issue: Timely and Accurate Employer Reporting; Retirement Date Changes After Application is Submitted; State Health Plan Eligibility - Defining Employees Hire Date; Disability Income Plan of North Carolina (DIPNC) Part I: The First 365 Days; Supplemental Plans Staff Contact Changes; October is National Retirement Security Month; Save the Date: SHP Open Enrollment; Employer & Member Webinars