WorksheetsNorth Carolina Retirement
Total questions: 16
Worksheet time: 10mins
How many years must you work in NC to become vested for your state pension benefits?
10 Years
5 Years
15 Years
Never
How many years do you need to work to receive health insurance in retirement?
5
20
None provided
It's complicated
What % of your salary will you receive if you work for 30 years in NC?
35%
74%
55%
88.5%
How many consecutive months of salary do they take into consideration when calculating your retirement benefit?
12
24
48
60
What % of your salary is deducted for NC Retirement?
5%
6%
10%
15%
Where can you get a current copy of the NC Retirement Handbook?
School System HR
State DPI office
myncretirement.com
Dig through my hiring packet that I received when I started teaching.
If you were born after 1960, at what age can you collect full social security?
(a)
Which pre-taxed supplement was the first created in 1958?
401K
403b
457b
IRA
Roth IRA
Which retirement supplement allows access to your funds no matter your age, after you've separated from service?
457b/Roth 457b
401K/Roth 401K
IRA/Roth IRA
403b/Roth 403b
How old must you be to retire with 30 years of service?
50
60
67
any age
Can you earn more than 55% of your salary in retirement?
YES
NO
What is the earliest age you can retire and receive benefits without having completed 30 years of service?
(a)
Which retirement scenario will result in a reduction in your state retirement benefit? Retire with:
30 years of service at age 48.
22 years of service at age 65.
26 years of service at age 59.
27 years of service at age 60.
What is the most the IRS will allow you to contribute to a 403b or 457b in 2023 if you are less than 50 years old?
$5000
$13,000
$9,500
$22,500
At what age do you not pay taxes on pre-taxed accounts like a 403b or 457b?
Age 73
N/A
Age 59.5
Age 55
Are all 403bs and 457bs the same no matter the company /provider?
YES
NO
YES & NO
