Local Government Employee' Retirement System (LGERS)<p>​Regular full-time and part-time employees (including law enforcement officers) are covered under the North Carolina Local Governmental Employee's Retirement System (LGERS).  LGERS is a defined benefit plan. Under this type of plan the benefit you receive at retirement is based on a formula.  This formula considers your years and months of creditable service, your age, and your average final compensation.  Participation is mandatory for all permanent <strong>full-time employees</strong> and <strong>part time employees working 20 hours or greater</strong>.  Burke contributes 7.07% for employees.  The Employee contributes 6%.</p>http://www.burkenc.org/departments/human-resources/employee-benefits/retirement-programs/3https://intranet.burkenc.org/departments/HumanResources/Lists/Benefits/DispForm.aspx?ID=3https://intranet.burkenc.org/departments/HumanResourcesDaniel.Lasher@burkenc.org | Daniel Lasher | 693A30232E777C6275726B655C64616E69656C2E6C6173686572 i:0#.w|burke\daniel.lasher1/6/2016 9:27:35 PM05369aspxhttps://intranet.burkenc.org/departments/HumanResources/Lists/Benefits/AllItems.aspxFalse
401(k)<p>​Burke County currently provides a 2% pre-tax contribution to the 401(k) plan for all benefit-eligible employees.  The plan is administered through Prudential Retirement and offers both a pre-tax and Roth 401(k) after-tax option.</p>http://www.burkenc.org/departments/human-resources/employee-benefits/retirement-programs/4https://intranet.burkenc.org/departments/HumanResources/Lists/Benefits/DispForm.aspx?ID=4https://intranet.burkenc.org/departments/HumanResourcesDaniel.Lasher@burkenc.org | Daniel Lasher | 693A30232E777C6275726B655C64616E69656C2E6C6173686572 i:0#.w|burke\daniel.lasher1/6/2016 9:27:35 PM05370aspxhttps://intranet.burkenc.org/departments/HumanResources/Lists/Benefits/AllItems.aspxFalse
457 Plan<p>​Burke County offers a 457 Retirement Savings Plan that is administered through Nationwide Retirement and offers a pre-tax option.</p>http://www.burkenc.org/departments/human-resources/employee-benefits/retirement-programs/9https://intranet.burkenc.org/departments/HumanResources/Lists/Benefits/DispForm.aspx?ID=9https://intranet.burkenc.org/departments/HumanResourcesDaniel.Lasher@burkenc.org | Daniel Lasher | 693A30232E777C6275726B655C64616E69656C2E6C6173686572 i:0#.w|burke\daniel.lasher1/6/2016 9:27:35 PM05375aspxhttps://intranet.burkenc.org/departments/HumanResources/Lists/Benefits/AllItems.aspxFalse