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With a defined benefit plan, benefits are based on salary, years of service and a retirement factor. The retirement benefit is not based on the amount of contributions nor the investment earnings. The retirement benefit for a defined benefit plan is based on a formula and not on the amount you or the state contribute. There is no investment risk for the individual since the state takes on the risk and guarantees the retirement benefit.

Two Preferred Provider Organization (PPO) plans are available to UNC faculty and staff (SHRA & EHRA). State Health Plan of North Carolina administers these plans and they are underwritten by Blue Cross Blue Shield of North Carolina which offers coverage for in-network and/or out-of-network providers. The University contributes toward the monthly cost of coverage for regular full-time employees.