Retirement Procedures and Regulations

University Policy 101.6, Retirement Procedures and Regulations

Executive Summary: 

So that persons retiring from employment at the University may receive benefits promptly, the employee must file an application for retirement sufficiently in advance of the established retirement date. The Personnel Department provides assistance and advice to all University employees regarding retirement matters.

So that persons retiring from employment at the University of North Carolina at Charlotte may receive retirement benefits promptly, the employee's application for retirement must be filed sufficiently in advance of the established retirement date to permit processing. The University's  Benefits Office, located in the Department of Human Resources, is available to provide assistance and advice to all University employees regarding retirement matters.
Procedure
To prevent a delay in the receipt of retirement benefits, University employees who are members of the Teachers' and State Employees' Retirement System (TSERS) must contact the  Benefits Office to file the application at least 120 days before the established retirement date.
 
All other University employees eligible for retirement benefits are members of the "Optional Retirement Plan" (Fidelity, Lincoln National, TIAA-CREF and/or VALIC). These individuals should contact the  Benefits Office  at least 120 days before the established retirement date.
 
Full-time tenured Faculty Members may be eligible to participate in the Phased Retirement Program developed by the Board of Governors and administered by the Benefits Office.  Interested Faculty Members should contact the Benefits Office to determine eligibility and dates for enrollment in the Program.
 
The staff of the Benefits Office is available to members of the UNC Charlotte faculty and staff to provide  pre-retirement information and to answer questions about retirement benefits. Members of either system (TSERS or Optional Retirement Plan) may also make such inquiries directly to the appropriate retirement plan.
 
Revision History: 
  • Initially approved January 24, 1983
  • Revised November 19, 2001
  • Revised May 24, 2011