NC
Retirement Beneficiary Designation
Why am I enrolled in this system?
All North Carolina state employees are automatically enrolled in the North
Carolina Teachers'
and State Employees' Retirement System. During each
pay cycle, 6% of your salary will be automatically
deducted from your paycheck as a contribution to your
retirement fund. Submission of an enrollment form is
not required.
How do I choose a beneficiary?
Your HR Office will notify when you have been entered in the system, give you a Member Identification Number (ID), and instruct you to log into ORBIT, so you may activate your personal account and designate a beneficiary. ORBIT (Online Retirement Benefits through Integrated Technology) provides employers and employees online access to their retirement information. When you go online to designate your beneficiary(ies), enter an e-mail address and an e-mail notification will be sent to you that will include your Welcome Packet and an electronic acknowledgement letter listing your designated beneficiary(ies).
If you do not have an e-mail address, you will not receive a confirmation notice via email. You can complete the beneficiary designation process by completing a paper form Form 2C Designating Beneficiary(ies) for Retirement System Contributions and the Death Benefit or Form 276 Designating Beneficiary(ies) for the Separate Insurance Benefit Plan for Law Enforcement, and mailing it to the Retirement System, shortly after receipt of the form(s), the Retirement System will mail an acknowledgement letter to you and our HR Office will provide you with a
paper copy of the Welcome Packet.
What if I do not identify a beneficiary?
Beneficiary designation is not required. If you die
before retirement without a designated beneficiary,
North Carolina Statue dictates the beneficiary designation.
Do I have to identify a contingent beneficiary?
No, you do not have to identify a contingent (alternate)
beneficiary. However, if something should happen to
your principal beneficiary, your account balance would
remain with the Retirement System.
If my principal beneficiary is the same for both
A and B, why do I have to complete both sections of the
form?
Section A refers to your contributions to the Retirement
System. Section B refers to the death benefit. These
are two separate benefits so you need to designate
a principal beneficiary for each.
What happens if I do not have my Beneficiary Designation
form notarized?
The form will be sent back to you for proper completion.
Every HR office has a notary available.
What happens if I have already signed my form before
I take it to the Notary Public?
The notary will not sign your Beneficiary Designation form.
The notary may ask you to sign the form again in front
of him or her. Even in this situation, the form will
be sent back to you because of the conflict in dates
and the double signature. You will need to submit a
completely new form.
To avoid having to complete a new form, make
sure you sign your form in front of the notary!
How do I change my beneficiary?
If you have less than 10 years of service, you may designate or make changes to your beneficiaries in ORBIT. Employees with 10 years or more of service, you will need to complete a paper copy of both the
Form 2RC Designating Beneficiary(ies) for Retirement System Contributions and the Form 2DB Designating Beneficiary(ies) for the Death Benefit. Click this link for more details.
For more information about retirement, see the North Carolina State Treasurer Retirement Web site.
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