SURS - State University Retirement System
Click on the link above for more information.
Eligible employees contribute approximately 8% of their gross earnings to SURS for retirement benefits.The state of Illinois matches the employee contribution. SURS provides a broad schedule of benefits in case of disability, death, retirement, and separation from service. A detailed workbook, enrollment form, and other information will be sent directly to you from SURS. Your decision to enroll in either the Traditional, Portable, or Self-Managed plan depends on the types of benefits you wish to receive in the future, as well as the amount of personal involvement you want in determining where and how your contributions are invested. The option choice you make governs the benefits available to you for your lifetime and cannot be changed or revoked.
As a participant of SURS, you may no longer be eligible to claim IRA contributions as an adjustment to your gross taxable income on your federal income tax return. Please refer to the SURS homepage or your tax advisor for more information concerning this IRS rule.
SURS retirees are eligible to participate in the College Insurance Program provided by the State of Illinois. For more information about this plan, please contact SURS or Central Management Services.
Additional information regarding retirement eligibility and benefits can be obtained directly from SURS at their website.
From Here to Retirement - This presentation/webinar was designed to help early to mid-career members consider future goals and evaluate retirement readiness. It provides an overview of SURS benefits as well as other key components necessary for a secure retirement. (The recorded presentation should be posted to the SURS website, www.surs.org, soon on the seminars & webinars page.)
Power of Choice - "Looking Down the Road: Choose your retirement plan in three steps"
Understanding Your SURS Benefits - Tier I and Tier II - This presentation/recorded webinar provides an overview of SURS Tier I and Tier II benefits, with a focus on Retirement. Earning & purchasing service credit, sick leave, refunds, reciprocal time, disability, death and survivor benefits, insurance, retirement calculations, and applying for retirement are all discussed. You may either download the handout or watch the recorded webinar.
SURS Deferrred Compensation Plan Flyer This is a supplemental (completely voluntary) employer-sponsored tax-favored retirement savings account.