NC TSERS pays 1.82% a year of your four-year average salary, with no cap on years. It is unreduced with 30 years at any age, at 60 with 25 years or at 65 with 5. Reduced retirement starts at 50 with 20 years or at 60 with 5 years, with cuts set by a published table.
General employees and teachers
| Age | 10 yrs | 15 yrs | 20 yrs | 25 yrs | 30 yrs | 35 yrs |
|---|---|---|---|---|---|---|
| 55 | — | — | 21.8% | 34.1% | 54.6% | 63.7% |
| 56 | — | — | 23.7% | 34.1% | 54.6% | 63.7% |
| 57 | — | — | 25.5% | 34.1% | 54.6% | 63.7% |
| 58 | — | — | 27.3% | 34.1% | 54.6% | 63.7% |
| 59 | — | — | 29.1% | 36.4% | 54.6% | 63.7% |
| 60 | 15.5% | 23.2% | 30.9% | 45.5% | 54.6% | 63.7% |
| 61 | 16.0% | 24.0% | 32.0% | 45.5% | 54.6% | 63.7% |
| 62 | 16.6% | 24.8% | 33.1% | 45.5% | 54.6% | 63.7% |
| 63 | 17.1% | 25.7% | 34.2% | 45.5% | 54.6% | 63.7% |
| 64 | 17.7% | 26.5% | 35.3% | 45.5% | 54.6% | 63.7% |
| 65 | 18.2% | 27.3% | 36.4% | 45.5% | 54.6% | 63.7% |
| 66 | 18.2% | 27.3% | 36.4% | 45.5% | 54.6% | 63.7% |
| 67 | 18.2% | 27.3% | 36.4% | 45.5% | 54.6% | 63.7% |
Percent of final average salary, before tax and before any survivor-option reduction. Green cells are unreduced. A dash means you cannot retire yet at that age and service.
Turning a percentage into dollars
Multiply the percentage by your final average salary and divide by twelve. At 60% of an $80,000 average, the pension is $48,000 a year, or $4,000 a month. Average final compensation: your four highest-paid years in a row (48 consecutive months). The NC TSERS calculator does the arithmetic for any age, service and salary, and the pension by years table shows monthly amounts at common salaries.
How to use the chart
Find your expected service in the columns and read down to see how the benefit changes as you wait. The jump from one row to the next shows what an extra year at work is worth. When a whole row turns green, that age is unreduced for that service. To find the exact day you reach it, use the retirement date finder.