December 8, 2011
To: SURS Traditional and Portable Plan Members
From: University Human Resources
The State Universities Retirement System (SURS) is offering four Retirement Education Seminars at its Champaign office located at 1901 Fox Drive, Champaign, IL 61820 (map/directions). These popular one-day seminars for members enrolled in the Traditional and Portable Plans are scheduled for:
Wednesday, March 14 from 9:30am-4:30pm
Wednesday, April 11 from 9:30am-4:30pm
Tuesday, April 24 from 9:30am-4:30pm
Tuesday, May 22 from 9:30am-4:30pm
Topics will include:
Social Security: A Social Security representative will be available to discuss eligibility requirements for Social Security and Medicare, how Social Security benefits are affected by SURS, and other general Social Security information.
Insurance: An insurance representative will present information on eligibility, coverage, cost, and dependent information for both State of Illinois Insurance and the College Insurance Plan (CIP).
Encore: Discovering what´s next in life: focusing on the emotions, questions, and possibilities for what´s next after retirement.
Traditional and Portable Plans
Eligibility for retirement
Purchasing additional service credit-cost, availability, ways to purchase, how the purchase may benefit you
How benefits are calculated under both money purchase (if applicable) and General Formula
What happens when you pass away
Death Benefits-who qualifies, amount payable
Survivor Benefits-who qualifies, amount payable
Applying for your retirement benefit
What happens after you retire-Preliminary Estimated payment stage (PEP), Taxes, Automatic Annual Increase (AAI), Returning to work after retirement
Benefits to having a one-on-one counseling appointment within four years of retirement
Seminars will be held at SURS (map/directions), at the dates and times listed above. The enrollment fee is $25 per member and $10 for a non-member guest. Lunch will be provided. Please contact Karen Maggio by phone at 217-378-8813 or 1-800-ASK-SURS extension 813 or email (firstname.lastname@example.org) to register.
Please note: This seminar is not an approved event for excused time; therefore, employees who wish to attend during scheduled work hours must obtain prior approval from their supervisor and use leave time in accordance with University policy.