Mandatory Employer Reporting Changes Effective Jan. 1, 2025; Contribution Rates LGERS & TSERS; Return to Work Allowance; Member and Employer events; Help your employees' get ready for OE!
Table of Contents
- Mandatory Employer Reporting Changes Effective Jan. 1, 2025
- Return to Work Allowance
- Member and Employer events
- Help your employees' get ready for OE!
Starting Jan. 1, 2025, state law requires contributions and reporting be submitted together on or before the 5th business day of the month in order to be considered complete and avoid a penalty.
On June 20, Governor Cooper signed HB 1020. Part 3 requires monthly employer submissions (contributions and reporting) to be received at the same time, prior to the fifth business day of the month. The employee and employer contributions and reporting are not considered received until all of the required information is submitted accurately to the Retirement Systems. We suggest preparing now to avoid penalties.
LGERS Employer Contribution Rates
The rates are posted publicly to improve efficiency and transparency and reduce costs.
View LGERS Employer Contribution Rates
The table is ordered by five-digit employer code but is also searchable (by employer name) within a browser, or by downloading the PDF and using “Edit”->”Find” in Adobe.
The specific rate(s) paid by each employing unit will include the “base rate” from the table above, and other adjustments that are specific to the unit.
TSERS, ORP, CJRS, LRS Employer Contribution Rates
Employer contribution rates effective July 1, 2024, will be the rates from Section 39.26.(c) of Session Law 2023-134 unless further adjusted by the legislature.
| Teachers and State Employees | State LEOs | ORPs | CJRS | LRS | |
| Retirement | 16.79% | 16.79% | 6.84% | 37% | 22% |
| Disability | 0.13% | 0.13% | 0.13% | 0% | 0% |
| Death | 0.13% | 0.13% | 0% | 0% | 0% |
| Retiree Health | 6.99% | 6.99% | 6.99% | 6.99% | 6.99% |
| NC 401(k) | 0% | 0% | 0% | 0% | 0% |
| Total Contribution Rate | 24.04% | 29.04% | 13.96% | 43.99% | 28.99% |
After a six-month break in TSERS, or a one-month break in LGERS and return to work in a position that does not require membership in those systems, a retiree is subject to the earning restrictions below.
- 50% of your gross pre-retirement salary (excluding termination payments) or
- $40,980 (2024 amount)
> Returning to work may have an impact on a retiree’s monthly benefit and health coverage, if applicable. It is important to understand and be aware of the limitations and the positions that are subject to the earnings allowance.
View Return to Work Laws
Virtual and on-demand training
Virtual and on-demand training options help you understand employer roles, and responsibilities and assist employees with retirement-related matters.
There are ongoing webinars available for new members, mid-career, and those nearing retirement. We encourage member participation so they can learn about their benefits and plan for their financial future.
Help Your Employees Get Ready for OE!
2025 Open Enrollment will be held Sept. 30 to Oct. 25, 2024. Starting Jan. 1, 2025, the State Health Plan’s Third-Party Administrator (TPA) will be transitioning from Blue Cross NC to Aetna. We’re here to help your employees and meet them wherever they are – in person, online or by phone.
Open Enrollment information will be sent via mail in August to all members and will include all of the information below. Meanwhile, starting this month, information will also be posted to the State Health Plan website at www.shpnc.org.
As a reminder, Humana Medicare Advantage Plan members are not affected by the Aetna transition.
We’re excited to offer a number of ways your employees can get the information they need, including:
- The Aetna bus and van, which will be visiting more than 20 locations at in-person events across the state. No registration is required! Each stop will offer the opportunity to ask Aetna representatives questions about the transition, include flu shots while supplies last, and the opportunity to learn more about the Eat Smart Move More Weigh Less Program from representatives at some locations.
- Convenient Open Enrollment webinars, designed to ensure employees understand their health plan options for 2025.
- Telephone town halls, which are like listening to a radio show over the phone. Employees simply provide their phone number when they register, and we’ll call them to join at the start of the event. Employees who have registered and those with a valid phone number in the State Health Plan’s enrollment system eBenefits will receive a call prior to an event, which will prompt them to join.
Events start in late August and continue through late October. To find the complete event schedule and to register for webinars and telephone town halls, visit the State Health Plan’s Upcoming Events page.
Does your worksite have a cafeteria or breakrooms? If so and you’re interested in informational placemats regarding Open Enrollment and Aetna, please email HBRinquires@nctreasurer.com with the name of your group, address and how many you would like.
--------------------------
Reminder! 2025 OE HBR Trainings Under Way
HBRs can get ready for OE and the Aetna transition through our handy and convenient training webinars, now underway. Reserve your spot to ensure you have the information you need to best serve your employees! Click below to register for one of the trainings that best fits your schedule.
July 23 – 10 a.m. and 2 p.m.
Related Topics:
- Employer Newsletter
- Local Government Employees’ Retirement System (LGERS)
- Teachers’ and State Employees’ Retirement System (TSERS)
