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months) and is no less than $25,000 and no more than $50,000. The formula for the <br />death b~nefit under the local retirement system is no more than $20,000, (Four <br />counties currently do not provide for a death benefit through the local retirement <br />system.) <br /> <br />The disability Income Plan benefits are available under the State Retirement System <br />but are not available under the Local Retirement System. As a send~in county, benefit <br />payments will be based on your total salary rather than only on the state portion_ <br /> <br />Before transferring a local account to a state account, it is advisable to make certain that the <br />local se~dce and contributions are up to date. Fomas to transfer the local account to the state <br />account are available upon request from thi.~ office. <br /> <br />Be prepared for a change in state and federal tax withholdings possibly resulting in l <br />taka-home pay. Prior to becoming a tr~send-in gounty, taxes are withheld from state <br />county monthly checks based on the salary paid by each employer as if no other income is <br />earned. When the salar/es are combined, typically an individual is in a higher withholding <br />catego~. It doem~ mean that you will owe more taxes, it just means that you may need to <br />adjust your withholding allowances. <br /> <br />If you are participating in any employee benefits provided through the county, you will need <br />to asceF~in which of these benefits the county can]will continue, plea.~,l~0te; if your county <br />i~ ~roviding emolover tr, atchin_~ con~ibutions or outfight contributions on yq~r behalf tO the <br />NC 401(k~ vlan .or NC 4~7, this ber~ef~t ~a¥ be ~ontim~ed by the county oavln~ <br />employee a,]lp~o sum payment once a year. It will be your responsibility to enroll in a <br />like program through NCSU to invest these contributions on a monthly basis. As an e. xnmple, <br />if your county will continue providing $50 per month on your behalf to the NC 401(k) phn~ <br />under the send-in agreement NCSU will generate a one-time annual payment of $600 billed to <br />the county (12 months x $50) in your monthly check and you will enroll in the 4010c) for a <br />$50 monthly deduction. New enrollment forms must be completed and returned to the <br />Extension Personnel Office. <br /> <br />If you are participating in the accident and/or cancer insurance offered by som~ counties <br />through the Colonial Life and Accident Insurance Company, you will no longer be eligible <br />for premium payroll deduction as this is not a University benefit. You should contact Colonial <br />and inquire about the option for direct billing. However, you can enroll in the Accidental <br />Death and Dismemberment Insurance offered through NCSU when next offered. Cancer <br />insurance is currently not available through NCSU. <br /> <br />If you are participating in a group health insurance plan offered through the county, you will <br />tm longer be eligible for thi.~ insurance unless special arrangements are made. If no <br />arrangements are made, you will need to elect one of the health insurance plans offered <br />through NCSU. There will not be a penalty or waiting period enforced for pm-existing <br />conditions. <br /> <br />An employee who is totally county funded will be considered a new employee and will not <br /> <br /> <br />