Supplemental Retirement Income Plan of NC (401K) - IRFM
Removed From Faculty Manual
Faculty Manual Part VI Section IIG
G. Supplemental Retirement Income Plan of NC (401K)
The State of North Carolina sponsors this plan through legislation enacted by the General Assembly, which has given responsibility for the plan to the Department of the State Treasurer and a board of trustees. A portion of an employee's earnings may be deferred by investment in the plan that would result in a deferment of federal and state taxes. This plan is similar to the benefit available under Internal Revenue Code 403(b). Any employee interested in the plan should contact the department of Human Resources for additional information.
Deleted as per Faculty Senate Resolution 11-61.
Approved by the Faculty Senate: April 19, 2011
Approved by the Chancellor: May 26, 2011