ContactInforma,on:ClaritaRossi–HumanResourcesRetirementPaperworkQuestions

336-438-4073Clarita_Rossi@abss.k12.nc.us

PamelaMcNeely,PayrollManager

Payroll/PayoutQuestions336-438-4000x-20039

Pamela_McNeely@abss.k12.nc.us

DonnaHall,BenefitsSpecialistBenefitsQuestions

336-438-4000x-20047Donna_Hall@abss.k12.nc.us

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Pleasecompleteandreturnattheendofthesession�  Form6-ClaimingYourRetirementBenefitPAGEONEONLY

� PhotoIDProofofBirthforyouandyourspouse/beneficiary(ifany)(clearcopyofdriver’slicenseorstateissuedIDorcertifiedbirthcertificate)

� ResignationFormRetirementeffectivedate:July1,2016Resignationeffectivedate:June30,2016

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3

DoNotDate

EmployeeCompletePage1Only

4

LeaveThisPageBlank

5

Dateformcompleted

Lastdayworked

Retirementdate

Employeesignhere

Leaveblank

DeterminingYourRe,rementServiceEligibility

� Unreducedpayment�  30yearsofcontributoryretirementserviceregardlessofage

�  25yearsofcontributoryretirementserviceandage60

�  5yearsofcontributoryretirementserviceandage65

62016RetirementHandbookPg.6

DeterminingYourRe,rementServiceEligibility

� Reducedpayment�  20yearsofcontributoryretirementserviceandage50

�  5yearsofcontributoryretirementserviceandage60

72016RetirementHandbookPg.6

Whenyoure5re,whathappenstoyourABSSleavebalances?�  Thefollowingispaid(asitappliestoyoursituation)toyoubyABSS:

�  Annualleaveupto30days.Anyannualleaveover30daysrollsoverintoyoursickleave.(SeeSickLeaveitembelow.)

�  Bonusleave�  Installmentpay(ifapplicable)�  Longevitypro-ratedthroughyourlastdayofemployment(ifapplicable)

�  Personalleaveisneverpaidout.However,itrollsoverintoyoursickleave.(SeeSickLeaveitembelow.)

�  Sickleaveisneverpaidout.However,itisreportedtotheretirementsystem,andisaddedtoyourretirementyearsofcreditableservice,increasingyourretirementservice.(SeeSickLeaveConversionSheet.)

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.125–20days = 1month

241–260days = 13months

21–40days = 2months

261–280days = 14months

41–60days = 3months

281–300days = 15months

61–80days = 4months

301–320days = 16months

81–100days = 5months

321–340days = 17months

101–120days = 6months

341–360days = 18months

121–140days = 7months

361–380days = 19months

141–160days = 8months

381–400days = 20months

161–180days = 9months

401–420days = 21months

181–200days = 10months

421–440days = 22months

201–220days = 11months

441–460days = 23months

221–240days = 12months

461–480days = 24months

ConversionofSickLeaveDaysIntoRe,rementService

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WhentheRe5rementSystemReceivesYourApplica5onforRe5rement(Form6),YouWillReceiveAtLeastTwoMailingsAsFollows:�  TheFirstMailingWillInclude:

�  AcknowledgementLetter�  Form170,AuthorizingDirectDeposit(asaRetiree)�  Form333,ChoosingtheContributoryDeathBenefitsforRetired

Members�  Remember,formsandcorrespondencewillbesentdirectlytoyou

anditisyourresponsibilitytocompleteandreturnanyformstotheNorthCarolinaRetirementSystem. (Page25of2016RetirementHandbook)

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WhentheRe5rementSystemReceivesYourApplica5onforRe5rement,YouWillReceiveAtLeastTwoMailingsAsFollows:�  TheSecondMailingWillInclude:

�  ReportofEstimatedRetirementBenefits�  Form6E,ChoosingYourRetirementPaymentOption(Form6Emustbenotarized)

�  Form290,ChoosingIncomeTaxWithholdingPreference

�  Form336,DesignatingBeneficiary(ies)fortheGuaranteedRefundasaRetiree(Form336mustbenotarized.)

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2016RetirementHandbookPg.25

WhentheRe5rementSystemReceivesYourApplica5on…�  TheSecondMailing:(continued)

�  ReturncompletedandnotarizeddocumentstotheStateRetirementSystem

�  Remember,formsandcorrespondencewillbesentdirectlytoyouanditisyourresponsibilitytocompleteandreturnanyformstotheNorthCarolinaRetirementSystem.

�  TheRetirementSystemwillalsosendyouinformationaboutenrollmentintheretireegroupoftheStateHealthPlan.

Note:Yourbenefitcannotbepaiduntilaproperlycompleted/notarizedForm6Eisreceived.

122016RetirementHandbookPg.25

ToContactTheRe,rementSystem� PhoneNumbers:Foractiveemployeespriortoretirement,toll-freenumber1-877-627-3287

�  Fax: 919-855-5800� Website: www.myncretirement.com� ORBIT: Registeronwebsiteforyourpersonalretirementaccountdetails

� Address: DepartmentofStateTreasurer RetirementSystemsDivision 325N.SalisburyStreet Raleigh,NC27611

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SupplementalRe5rementVendorInfo�  VALIC

GregCalvert,CFP,ChFC,CLU,FinancialAdvisor7029AlbertPickRd,Suite206Greensboro,NC27409Office:(336)578-9750Fax:(336)283-0933Email:Gregory.Calvert@valic.comWebsite:www.VALIC.corn

�  TheHoraceMannCompaniesHerbNiparts340HollyHillLaneBurlington,NC27215Office:(336)586-0500Fax:(336)586-0670Email:herb.niparts@horacemann.comWebsite:www.horacemann.com

�  VOYA(ING)LarryHoyt JerryAlfordHillsborough,NC Hillsborough,NCPhone:(919)732-9011 Phone:(919)479-8438Email:Lhoyt@NC.RR.com Email:JA403B@aol.com

Website:www.voya.com

�  PrudentialTammyUzzellRegionalRetirementEducationManagerCell:(336)207-9452Company1-866-627-5267Email:Tammy.Uzzell@prudential.comWebsite:www.prudential.com www.ncplans.prudential.com

14Revised/updated:January2016

HealthCoverageinRe5rement�  ForinformationaboutStateHealthPlanretireegroupcoverage,visithttps://shp.nctreasurer.comorcontacttheStateHealthPlanat1-855-859-0966.

� Clickon“PlansforRetirees”� Clickon“PreparingforRetirement”

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FrequentlyAskedQues,ons:

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