Retirement Benefits

• UNC 403(b) Program
  • UNCW Salary Reduction Agreement for enrollment or change
• UNC 457 Plan
  • UNCW Salary Deferral Agreement for enrollment or change
• State 401(k) and 457 Plan

The UNCW Faculty Phased Retirement Program (PRP) is designed to provide an opportunity for eligible full-time faculty members to make an orderly transition to retirement through half-time service, as reflected in the PRP policy.

• Program Summary
• Important Dates
• Application Instructions
• Application & Reemployment Agreement
• General Release
• Employee Benefit Information

September 2, 2024 - November 27, 2024

The open enrollment period for tenured faculty who wish to enter the Phased Retirement Program (the "Program") beginning in the 2025-2028 academic year is September 2, 2024 through November 27, 2024  Participants must attend a meeting in Human Resources and review enrollment materials by November 27, 2024.

The Program is available only to full-time tenured faculty members if, by August 1, 2025, they:

1. Have at least five years of full-time service at UNCW;
2. Are age 62 or older for members of the Teachers' and State Employees' Retirement System (TSERS) or 59 ½ or older for participants in the Optional Retirement Program;   and
3. Are eligible to receive retirement benefits through either TSERS or ORP, as applicable.

To receive enrollment information, email kennedyk@uncw  or call at x23006.