To register on ORBIT, visit ORBIT.MyNCRetirement.com. Click on the Register button to set up a new account. Confirm your identity by entering your birth date and Social Security number. Then create a user identification and password to complete registration.
ORBIT, or Online Retirement Benefits through Integrated Technology, provides a way for employers, employees, and retirees to access retirement accounts and transactions online, reports the North Carolina Department of State Treasurer. Employers are responsible for enrolling new eligible employees into the retirement system by introducing them to employee self service. Employers must also submit monthly ORBIT payroll reports along with required employee and employer contributions. Employers must verify employee terminations on the monthly ORBIT payroll report.
The state of North Carolina offers its employees three supplemental retirement savings options including 403(b), 401(k) and (457) plans. The North Carolina 401(k) and (457) plans are defined contribution plans, notes the Department of State Treasurer. These plans include the employee's and the employer's contributions along with earnings on the plan's investments. These plans offer flexible withdrawal options, pre-tax contributions and Roth after-tax contributions. The North Carolina 403(b) retirement program is centrally administered and serves as a low-cost option for employees of the public school system.