Employment Opportunities & Benefits

Current Openings:

Thank you for your interest in working with the Town of Lake Lure.

There are currently no openings. Please check back with us.

 

 

Overview of benefits for full-time employees:

Retirement:

The Town provides a mandatory defined benefit pension plan and a traditional 401K deferred savings plan, which is mandatory for law enforcement officers and optional for general employees.  The Town is also required by NC General Statutes to pay each officer, upon retirement, a separation allowance if the officer meets qualifying conditions set forth in the General Statutes.

Pension:

The town participates in the Local Governmental Employees' Retirement System through the State of North Carolina.  Employees working a regular position averaging 1,000 or more work hours per year must be enrolled and contributing a percentage of their salary.  The Town makes a contribution as well for all general employees and law enforcement officers.

401(K):

The plan is administered through Prudential Retirement.  The Town must contribute at least 5 percent of each law enforcement officer's compensation.  The Town makes a matching contribution of up to 5 percent for general employees including firefighters.

Separation Allowance:


The Town is required to pay each officer upon retirement a special separation allowance equal to 0.85 percent of the annual equivalent to the officer's last base rate of pay, multiplied by the officer's number of years of creditable service, if the officer meets certain qualifying conditions set forth in the General Statutes.

Worker's Compensation:


The town is required either to purchase third-party worker's compensation insurance or to self-fund a program to provide for medical coverage, rehabilitation expenses, and loss of income for employees who have suffered on the job injuries or illnesses.  By statute the worker's compensation benefit is 66.66 percent of the injured worker's average weekly wage.  The benefit is tax-free and therefore approximates and employee's take-home pay.

Unemployment Benefits:


The NC Employment Security Act requires NC local government employers to participate in its employer-financed program to provide partial-income replacement benefits to employees who have lost their jobs.  The Town, unlike private employers, are not subject to the payroll tax that funds unemployment benefits unless they choose to participate in the program on an experience-rated basis.  The Town participates on a so-called reimbursement basis under which pays the ESC for the amounts that the ESC has expended in providing unemployment benefits to former employees.
State Retiree Health:

The Town contributes 5 percent of employee salary amount into the state retirement system for retiree health coverage.  (Note: percentage can vary over time).