Retirement plans
Full-time and three-quarter-time faculty are required to
join one of two retirement plans. The decision is the individual's
and must be made during the initial month of employment.
The two plans are (1) North
Carolina Teachers' and State Employees' Retirement System (TSERS) and
(2) the Optional
Retirement Plan (ORP).1 Faculty should consult the UNC document Choosing
a Retirement Program when making the decision. Once the selection
is made, it cannot be changed.
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1 UNC policy states that a faculty member must have
the rank of "instructor or above" to be eligible for ORP. The UNCW
Board of Trustees has determined that "for the purposes of determining
eligibility for the Optional Retirement Plan (ORP), the faculty title
Lecturer is equivalent to the faculty title Instructor."
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