Are you contributing to a supplemental retirement and investment plan?
If not, now may be a good time to start!
As a University of Illinois employee, two supplemental retirement plans are available to help increase your retirement savings opportunity. Enrollment is voluntary and available at any time.
If you already contribute to one of the supplemental retirement plans, consider increasing your contribution, or reviewing your retirement goals, and updating your beneficiaries.
The 2018 contribution limit is $18,500* ($24,500 if you are age 50 or over) for each plan. You may contribute both traditional (pre-tax) and Roth (after-tax) at the same time, but your combined contributions cannot exceed the limit listed above for each plan. You may contribute to these plans simultaneously and you may be eligible to make additional contributions in some cases. See the Supplemental Retirement Plan Comparison Chart for more information.
* If during the calendar year you contribute to a retirement plan through another employer, it is your responsibility to monitor your contributions to all plans to ensure you do not contribute over the IRS maximum allowed each year.
View the Retirement & Investment Plan information or contact University Payroll and Benefits (UPB) for assistance.