Thank you for your interest in working with The Town of Lake Lure. At the moment we have no vacancies.
Overview of benefits for full-time employees:
The Town provides a defined benefit pension plan which is mandatory and a traditional 401K deferred savings plan which is mandatory for law enforcement officers but 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.
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 for all general employees and law enforcement officers in addition to the employee's contribution. The Town also contributes a percentage of employees' salaries into the state retirement system for retiree health coverage.
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.
The Town is required by General Statutes 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.
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.