Retirement Plans

Local Government Retirement System

All full-time employees working at least 1000 hours per year are covered by the North Carolina Local Governmental Employees’ Retirement System beginning upon employment.

The employee contributes 6% of his/her paycheck into their own retirement account, and the City contributes an amount as determined by the North Carolina Department of State Treasurer.

An employee becomes vested in the retirement plan after 5 years of contributing service. Further details may be found on the North Carolina Treasurer website.

North Carolina Supplemental Income Plan (401k)

City of Lincolnton employees have the opportunity to voluntarily enroll in the North Carolina Supplemental Income Plan administered by Empower Retirement. Details of the plan and various online forms are available on the North Carolina Supplemental Retirement Plan website.