North Carolina Employment Benefits Package

State:
Multi-State
Control #:
US-P2104-PKG
Format:
Word; 
Rich Text
Instant download

Description

Package containing Sample Employment Benefit Forms
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How to fill out Employment Benefits Package?

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FAQ

Benefits and Perks Health and Wellness. The State Health Plan offers freedom of choice among in-network and out-of-network providers, lower out-of-pocket costs and a strong emphasis on preventative health. ... Retirement. ... Time Off. ... Family Care. ... WolfPerks. ... Commuter Benefits. ... Recognition and Awards.

A refund of your contributions (along with four percent interest compounded annually) is available to you 60 days after your effective date of resignation or termination.

At least 112 hours (14 days) of vacation leave is provided yearly to permanent, probationary, trainee and provisional employees. As length of service increases, the amount of leave earned increases. Leave is prorated for part-time employees. The Vacation Leave Policy is prorated for part-time employees.

Service Retirement (Unreduced Benefits) You may retire with unreduced service retirement benefits after: you reach age 65 and complete five years of creditable service, or. you reach age 60 and complete 25 years of creditable service, or. you complete 30 years of creditable service, at any age.

You are eligible for coverage in the State Health Plan if you are employed in a permanent position working 30 hours or more each week.

Employee benefits packages include non-salary compensation like health care coverage, retirement benefits, and paid time off. Federal law requires employers to offer benefits like COBRA, FMLA, and minimum wage standards; many states mandate further coverage including disability, workers comp, and additional leave.

The Teachers' and State Employees' Retirement System (TSERS) is a pension plan administered by the North Carolina Total Retirement Plans within the Department of State Treasurer (DST). Here, our mission is to preserve and protect this benefit for current and future public employees in North Carolina.

Retirement Benefits The formula for TSERS is: Average salary based on the 48 highest consecutive months of earnings. Multiplied by a Retirement Factor of 1.82% (set by state statute) Multiplied by your creditable years of service.

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North Carolina Employment Benefits Package