Retirement

Retirement Plan
All full-time employees and part-time employees working 30 hours or more per week participate in the 401(a) retirement plan offered through ICMA. The employee contributes 6% of tax deferred gross pay and NCTCOG contributes 12%. All contributions are vested 100% after 7 years.

457 Plan
All part-time employees working less than 30 hours per week and Interns participate in the 457 retirement plan offered through ICMA. The employee contributes 3.75% of tax deferred gross pay and NCTCOG contributes 3.75%. All contributions are vested 100% immediately.

Employees participating in the 401(a) are also eligible to contribute supplemental allocations into a 457 account. There is no NCTCOG match on supplemental contributions and all contributions are vested 100% immediately.

Roth IRA
Employees are are eligible to participate in a Roth IRA plan offered by ICMA through payroll deduction. Employees may contribute a minimum of 1% of their salary or $10 per pay period. All contributions made to the Roth IRA are after-tax. There is no NCTCOG match and all contributions are vested 100% immediately.

Managed Accounts
Guided Pathways is ICMA's enhanced retirement planning service which takes into account your personal retirement goals and helps you determine the best path for your journey to a secure retirement. With Guided Pathways you provide the information about your personal and financial information and your retirement goals, and ICMA provides you with the appropriate assistance in choosing your investments and ongoing account management. It's that easy.