Asheville-Buncombe Technical Community College

Retirement Benefits

Teachers' and State Employees' Retirement System
Department of State Treasurer
325 North Salisbury Street
Raleigh, NC 27603-1385
(877) 627-3287
www.myncretirement.com

Effective Date

Actual date of full-time employment

Vesting Schedule

Unreduced Benefits

• Reach age 65 and complete 5 years of creditable service
• Reach age 60 and complete 25 years of creditable service
• Complete 30 years of creditable service, at any age

Reduced Benefits

• Reach age 50 and complete 20 years of creditable service
• Reach age 60 and complete 5 years of membership service

Short-Term Disability

Short-Term Disability benefits are payable for a period of 365 days after a 60-day waiting period. To qualify the following requirements must be met:

• Have at least 1 year of contributing membership service in the Retirement System
• Are determined to be mentally or physically disabled for the further performance of your usual occupation
• Disability was incurred at the time of active employment
• The disability has been continuous

Long-Term Disability

Long-Term Disability benefits are payable after the conclusion of the short-term disability period for an additional 36 months. To qualify the following requirements must be met:

• Have at least 5 years of contributing membership service in the Retirement System
• Make application to receive long-term benefits within 180 days after the conclusion of the short-term disability period
• Must be certified by the medical Board to be mentally or physically disabled for the further performance of your usual occupation
• Disability must have been continuous, likely to be permanent, and incurred at the time of active employment
• Must terminate employment as a permanent full-time State employee
• Not eligible to receive an unreduced retirement benefit from the Teachers' and State Employees' Retirement System