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LOCAL GOVERNMENTAL EMPLOYEES’ RETIREMENT SYSTEM

State Treasurer of North CarolinaDale R. Folwell, CPALOCAL GOVERNMENTAL EMPLOYEES RETIREMENT SYSTEMLGERS2021 Edition J0121 22021 Edition J0121 LGERS | myNCRetirement Benefits HandbookLocal GOVERNMENTAL Employees RETIREMENT SYSTEM 3 Welcome to the LOCAL GOVERNMENTAL Employees RETIREMENT SYSTEM ! The LOCAL GOVERNMENTAL Employees RETIREMENT SYSTEM (LGERS) is a pension plan administered by the North Carolina Total RETIREMENT Plans within the Department of State Treasurer (DST). Here, our mission is to preserve and protect this benefit for current and future public employees in North Carolina.

The Local Governmental Employees’ Retirement System is a defined benefit plan qualified under Section 401(a) of the Internal Revenue Code. Defined benefit plans use a formula to calculate monthly retirement benefits once eligibility requirements have been met. This handbook explains LGERS

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