RALEIGH: NC educators hear about retirement savings option - CBS 3 Springfield - WSHM

NC educators hear about retirement savings option

Posted: Updated:
RALEIGH, N.C. -

North Carolina educators will have a new way to save for retirement by investing from their paycheck.

State Treasurer Janet Cowell on Friday is unveiling details of a new statewide retirement option for teachers and school personnel that is similar to a 401(k) savings account. The 403(b) program was authorized by the General Assembly in 2012 and approved by a board of trustees for retirement plans last week.

It will now be offered across North Carolina.

Money invested can go into stock, bond or blended funds with low fees because of the volume of money being handled.

Participating school districts can choose to offer the retirement investment program instead of or alongside their current offerings.

  • Back To SchoolMore>>

  • 13 NC kids killed since 1999 by drivers passing school buses

    13 NC kids killed since 1999 by drivers passing school buses

    Tuesday, August 26 2014 9:06 PM EDT2014-08-27 01:06:55 GMT
    NC drivers pass stopped school buses every day, violating state laws requiring drivers to yield when a bus's stop arm is extended.More >>
    NC drivers pass stopped school buses every day, violating state laws requiring drivers to yield when a bus's stop arm is extended.
    More >>
  • Highway Patrol: Drivers passing stopped school buses is an 'epidemic'

    Highway Patrol: Drivers passing stopped school buses is an 'epidemic'

    Tuesday, August 26 2014 8:29 PM EDT2014-08-27 00:29:26 GMT
    Lt. Jeff GordonLt. Jeff Gordon
    The State Highway Patrol is focusing on school bus violators in North Carolina as the traditional school year begins.More >>
    The State Highway Patrol is focusing on school bus violators in North Carolina as the traditional school year begins.More >>
  • The Clueless Chick: Back to school tips

    The Clueless Chick: Back to school tips

    Tuesday, August 26 2014 8:41 AM EDT2014-08-26 12:41:47 GMT
    Back to school ideas and tips from Jennifer Durbin.Back to school ideas and tips from Jennifer Durbin.
    This is the first week of school for traditional calendar students. That means it's time to readjust your schedule to accommodate extra time to pack lunches every day.More >>
    This is the first week of school for traditional calendar students. That means it's time to readjust your schedule to accommodate extra time to pack lunches every day.
    More >>
Powered by WorldNow
WSHM
Powered by WorldNow CNN
All content © 2014, WSHM; Springfield, MA. (A Meredith Corporation Station) and WorldNow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.