System HR News

Are you contributing to a supplemental retirement and investment plan? If not, now may be a good time to start!

The University 403(b) Plan is one of three supplemental retirement plans available to help you start or increase your retirement savings. Enrollment is voluntary and available at any time.

Are you contributing to a supplemental retirement and investment plan? If not, now may be a good time to start!

Are you contributing to a supplemental retirement and investment plan? If not, now may be a good time to start!

The University 403(b) Plan is one of three supplemental retirement plans available to help you start or increase your retirement savings. Enrollment is voluntary and available at any time.

Are you contributing to a supplemental retirement and investment plan? If not, now may be a good time to start!

Did you know that the University 403(b) Plan fund lineup was recently streamlined, resulting in a core lineup of funds to encourage optimal savings with lower cost-expense ratios and reduced plan costs?

The State of Illinois Deferred Compensation 457 Plan recordkeeping transition from T. Rowe Price to Empower is now complete. You can log into the Empower site to view your account.

SURS-eligible employees are now able to enroll in the SURS 457 Deferred Compensation Plan (DCP). The SURS 457 DCP is a new voluntary retirement savings opportunity that is available through payroll deduction. The SURS 457 DCP is supplemental to your SURS Traditional, Portable, or Retirement Savings Plan.

Earlier this year, SURS announced that the factors table used to calculate SURS retirement benefits under the Money Purchase calculation will change effective July 2, 2022. This change is a result of a study required by state statute. Read on to determine if you are impacted by this change, and for important considerations if you are thinking about retirement. 

Reminder: If you are considering retirement in the next 2 years, remember that the factors table used to calculate SURS retirement benefits under the Money Purchase calculation will change effective July 2, 2022. This change is a result of a study required by state statute. View the resources listed below to determine if you are impacted by this change, and for important considerations if you are thinking about retirement. 

SURS participants are invited to attend the SURS Virtual Spring Townhall and Stakeholders Meeting on April 13th, 1:00 PM – 2:00 PM CST. This semi-annual webinar, offered each Spring and Fall, is an opportunity to hear updates from SURS about SURS benefits, investments, legislation, and funding. 

SURS participants are invited to attend the SURS Virtual Spring Townhall and Stakeholders Meeting on April 25^th, 11:00 AM – 12:00 PM CST. This semi-annual webinar, offered each Spring and Fall, is an opportunity to hear updates from SURS about SURS benefits, investments, legislation, and funding. 

Are you interested in learning more about the State Universities Retirement System (SURS)? 

SURS offers webinars for members at different stages of their careers. Recorded sessions are available to play on-demand, or you may register to attend a live session. 

Are you interested in learning more about the State Universities Retirement System (SURS)?

SURS offers webinars for members at different stages of their careers. Recorded sessions are available to play on-demand, or you may register to attend a live session.

The University of Illinois System must navigate budget challenges resulting from financial impact of the ongoing pandemic. Voluntary programs are available that will provide an incentive opportunity to eligible employees who may wish to retire or resign.