Important Information about the UNC Retirement Programs

The University of North Carolina (UNC) System is committed to periodically reviewing its retirement programs to make sure they continue to help employees meet their retirement and financial goals. Among the things considered are the range of investment options available through the plans as well as investment option performance and value.

Effective Wednesday, Oct. 1, employees who participate in the Optional Retirement Plan of UNC, the Senior Administrative Officer Retirement Program of UNC, the Senior Athletic Employee Retirement Program of UNC and the UNC 457(b) Plan, will see a reduction in the expense ratio of several trusts offered by Vanguard. These changes also have an impact on the pricing of UNC Target Date Model portfolios. An expense ratio reflects how much of a fund’s assets are used for investment purposes.

Learn more about the changes to the UNC System retirement programs.