Retirement

SEE STRENGTH.

The State Employees Association of North Carolina (SEANC) offers all the benefits to retired state employees that are available to state employees – at a reduced price! SEANC is leading the fight to protect and enhance your state retirement benefits – in the General Assembly, the Retirement Systems Board of Trustees and the State Health Plan.

SEE ACTION.

SEANC is working on your behalf to secure the following benefits:

Secure retiree cost-of-living adjustments (COLAs) equal to the Consumer Price Index
Improve the retirement accrual formula (currently 1.82%)
Secure repayment of interest owed on the $130 million escrowed retirement system funds in 2001

SEE RESULTS.

SEANC has secured the following benefits for retirees:

2.5% COLA increases*
Continued free health care premiums
Retirement formula increase from 1.80% to 1.82%*
Repayment of the $130 million in escrowed retirement funds
Active support of the Bailey/Emory/Patton case to overturn taxation of your retirement benefits (the only association to do so!) *2000-2008

SEE BENEFITS.

SEANC offers member benefits to save you money and keep you informed, including:

Full-time representation in the General Assembly and toll-free legislative hotline – 888-732-6242
Savings from SEANC’s partner Perks Card at 3,000 businesses, restaurants, hotels and more
Low-cost insurance programs – vision, auto, life, cancer and more
The Reporter mailed to your home
Scholarships available specifically for grandchildren of retired members.

For only pennies a day, SEANC works tirelessly to make sure you retire with dignity and respect. Let SEANC serve as your advocate on retiree issues — join SEANC today!

The Bailey Case – An explanation of the case and its history.
Bailey Settlement Economic Impact Study – the positive economic impact of extending the Bailey Settlement to all government retirees.

North Carolina Pension’s Secretive Alternative Investment Gamble: A Sole Fiduciary’s Failed Experiment

Cliffwater Research – Trends in State Pension Asset Allocation and Performance June 2012

Important Information on Medicare

Recent State Employee Benefit History