NC
Retirement Beneficiary Designation
Why am I enrolled in this system?
All North Carolina state employees are automatically enrolled in the North
Carolina Teachers'
and State Employees' Retirement System. During each
pay cycle, 6% of your salary will be automatically
deducted from your paycheck as a contribution to your
retirement fund. Submission of an enrollment form is
not required.
How do I choose a beneficiary?
Your HR Office will notify when you have been entered in the system, give you a Member Identification Number (ID), and instruct you to log into ORBIT, so you may activate your personal account and designate a beneficiary.
ORBIT (Online Retirement Benefits through Integrated Technology) provides employers and employees online access to their retirement information. When you go online to designate your beneficiary(ies), enter an e-mail address and an e-mail notification will be sent to you that will include your Welcome Packet and an electronic acknowledgement letter listing your designated beneficiary(ies).
If you do not have an e-mail address, you will not receive a confirmation notice via e-mail. You can complete the beneficiary designation process by completing paper forms– Form 2RC – Designating Beneficiary(ies) for Retirement System Contributions and Form 2DB – Designating Beneficiary(ies) for the Death Benefit , and mailing them to the Retirement System, shortly after receipt of the forms, the Retirement System will mail an acknowledgement letter to you and our HR Office will provide you with a
paper copy of the Welcome Packet.
What if I do not identify a beneficiary?
Beneficiary designation is not required. If you die
before retirement without a designated beneficiary,
North Carolina Statue dictates the beneficiary designation.
Do I have to identify a contingent beneficiary?
No, you do not have to identify a contingent (alternate)
beneficiary. However, if something should happen to
your principal beneficiary, your account balance would
remain with the Retirement System.
If my principal beneficiary is the same for both
the Retirement Contributions and the Death Benefit, do I have to complete both forms?
Yes, these are two separate benefits, so you need to designate a principal beneficiary for each.
What happens if I do not have my Beneficiary Designation
forms notarized?
The forms will be sent back to you for proper completion.
Every HR office has a notary available.
What happens if I have already signed my form before
I take it to the Notary Public?
The notary will not sign your Beneficiary Designation forms.
The notary may ask you to sign the forms again in front
of him or her. Even in this situation, the forms will
be sent back to you because of the conflict in dates
and the double signature. You will need to submit completely new
forms. To avoid having to complete new forms, make
sure you sign your forms in front of the notary!
How do I designate or change my beneficiary?
The process that employees use to designate or change a beneficiary(ies) in Orbit if they have less than 10 years of service is:
- Login to ORBIT at https://orbit.myncretirement.com/orbit/Common/Pages/BPASLogin.aspx
- If you have not used ORBIT before, you will need to register by clicking on the Register button on the same page.
To complete the registration, you need to supply your Social Security number, birth date, and zip code.
- Once logged in, click on the tab “View Account Summary” on the left side of the “Welcome” screen.
- Click on the link “Change Beneficiary(ies)?” near the bottom of the page.
- Use the add, edit, and delete features to change your beneficiary(ies).
The process that employees use to designate or change a beneficiary(ies) if they have more than 10 years of service is:
- Complete a paper copy of both:
- Personalized forms are available in your ORBIT account at www.myncretirement.com. Submit your forms to the North Carolina Retirement Systems by mail or fax (919) 508-5350.
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