UNIVERSITY BENEFITS AVAILABLE TO PHASED RETIREES

1.  Retirement Supplements
     a. 401k
     b. 457
     c. 403b

2.  State Retiree Health Plan
     a. To be eligible, Phased Retirees must be receiving a monthly
         retirement benefit.
     b. State will pay the premium for retiree only coverage.
     c. You may add dependents by paying an additional premium.
     d. Enrollment is not automatic.  You must complete an enrollment form
         as part of the retirement application process.
     e. If you are eligible for Medicare when you retire, the State Retiree
         Health Plan is secondary to Medicare.

3.  NCFlex Benefits
     a. Dental
     b. Vision
     c. AD&D
     d. Health and Dependent Care Flexible Spending Accounts
     e. Supplemental Medical
     f. Cancer Insurance
     g. Group Term Life

4.  Other
     a. Life Insurance through MetLife, MONY, or SEANC (provided
         membership requirements are met)
     b. Homeowners Insurance
     c. Auto Insurance
     d. Savings Bonds
     e. Athletic Tickets
     f. Credit Union

All of the above benefits are available through payroll deduction.

UNIVERSITY BENEFITS NOT AVAILABLE TO PHASED RETIREES

1.  Short-Term and Long-Term Disability

2.  Retirement Deductions/Contributions into TSERS or ORP.