systems

State of North Carolina Office of the State Controller

Michael F. Easley, Governor
Robert L. Powell, State Controller

July 10, 2002

M E M O R A N D U M NO. PR2002-014
 

TO: All Agencies Served by the State Controller's Office
Payroll Section
FROM: Roger Farmer
Payroll Administrator
SUBJECT: July Retirement Percentage and New Check Format

RETIREMENT PERCENTAGES

 The matching retirement percentage change shown below will apply to all payrolls after the first July C&R cycles.
 

TYPE OF
RETIREMENT
PERCENTAGE
FROM
TO
T&SER
5.00
3.03
POA
10.00
8.03
JUDICIAL
16.40
13.67
OPTIONAL
 MATCH
 DISABILITY
TOTAL OPTIONAL    (NO CHANGE)
 
6.84
2.87
9.71
 
6.84
2.87
9.71

NEW CHECK FORMAT

The check amount is now being spelled out rather than showing as numeric amounts.  This change was made to prevent attempted alteration of the check amount.  The employee name will also appear on the stub.
 

MAILING ADDRESS
1410 Mail Service Center
Raleigh, NC 27699-1410
Telephone:  (919) 981-5454
Fax Number: (919) 981-5560
State Courier: 56-50-10
Website:  www.ncosc.net
LOCATION
3512 Bush Street
Raleigh, NC
An Equal Opportunity/Affirmative Action/Americans With Disabilities Employer