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4. RETIREMENT INFORMATION SESSIONS <br />The Human Resources Department will offer several informational workshops in late March. All <br />eligible employees who meet the Program requirements are encouraged to attend the workshops to <br />receive information on a variety of related topics, including Retirement System procedures and Health <br />Insurance. Spouses, domestic partners and significant others are welcome to attend these workshops <br />with employees. A schedule of meetings is included at the end of this material. <br />5. RETIREMENT ELIGIBILITY UNDER THE NC LOCAL GOVERNMENTAL <br />EMPLOYEES' RETIREMENT SYSTEM <br />The table below summarizes eligibility requirements. Please refer to the North Carolina Retirement <br />System at www.myncretirement.com or 919-807-3050 for more detailed information. <br />Unreduced Benefit Reduced Benefit <br />Employees, Law Employees, Law <br />excluding Law Enforcement excluding Law Enforcement <br />Enforcement Officers (LEO) Enforcement Officers <br />Officers Officers (LEO) <br />Thirty (30) or Thirty (30) or At least age 50 At least age <br />more years of more years of with at least 20 50 with 15 <br /> <br />creditable creditable ser- <br />years of years of <br /> <br />service, vice <br />regardless of <br />creditable creditable <br />service as an <br />regardless of age age service officer <br />At least age 60 *At least age 55 *At least age <br />with at least 25 with 5 years of 60 with at least <br />years of creditable creditable 5 years of <br />service service as an creditable <br /> officer service <br />*At least age 65 <br />with at least 5 <br />years of creditable <br />service <br />Sick leave may be applied to creditable service in accordance with the <br />provisions of the Local Governmental Employees' Retirement System. <br />Every 20 da s of sick leave = 1 month of service credit. <br />*Employees with less than 10 years of Orange County service are eligible for retirement under the <br />LGERS requirements but are not eligible for the Retirement Incentive. <br />6. RETIREMENT APPLICATION PROCESS <br />The North Carolina Local Governmental Employees' Retirement System recommends that employees <br />submit applications for retirement at least 90 to 120 days before the retirement effective date in order to <br />timely receive initial retirement benefits to ensure timely payment of the first monthly benefit. <br />Applications cannot be submitted more than 120 days prior to the retirement effective date. <br />5 <br />