RETIREMENT 

Permanent full-time employees are covered by the North Carolina Teachers and State Employees Retirement System. Employees who are involuntarily terminated or who resign after ten(10) or more years of Retirement System membership, may withdraw their retirement contributions, plus any statutory interest earned. Persons who voluntarily resign with less than ten (10) years of membership in the Retirement System may withdraw only the funds contributed by the individual. Persons leaving public school employment may elect to leave their contributions in the Retirement System. 

As part of the retirement application process, eligible employees may convert accumulated sick leave towards creditable service as prescribed by the state retirement system. Eligible employees may also receive a payout for accrued annual leave up to a maximum count of days established by the state retirement system. Specific to ten (10) month certified teachers, the daily rate of pay for salary purposes is calculated using a 21.5 days per month factor. However, in compliance with state retirement guidelines, the payout of eligible accrued annual leave for ten (10) month certified teachers must use 22 days per month as the calculation factor. During the initial planning for retirement the employee has the opportunity to create estimated payout calculations in order to review this information in advance. 

Specific information regarding retirement eligibility and options can be found in the Teachers and State Employees Retirement System Handbook. 

Employment of  Retirees

Employees who retire through the Teachers and State Employees can be reemployed under the following circumstances