blog posts

• 403(b) and 457 Plan Contribution Limits

  Nov 17, 2020 7:30 am544 views

  The Internal Revenue Service (IRS) has announced the supplemental retirement plan contribution limits remain the same for 2021. As a 403(b) or 457 plan participant, the following information and reminders may be helpful to you.

• 403(b) Plan Changes Complete: Review Your Account

  Aug 12, 2021 3:00 pm567 views

  Changes to the University of Illinois 403(b) Plan are now complete.

  Now that funds have been mapped to the new streamlined fund lineup, you are encouraged to log into your Fidelity and/or TIAA account to review your portfolio to ensure the asset allocation is consistent with your retirement goals. You may make fund changes at any time (up to once per business day). No action is necessary if you do not wish to make any changes.

• 403(b) Supplemental Retirement Plan - 2021 Universal Availability Notice

  Jan 20, 2021 12:00 pm571 views

  403(b) Supplemental Retirement Plan - 2021 Universal Availability Notice

• 403(b) and 457 Plan Contribution Limits

  Nov 18, 2021 7:45 am668 views

  The Internal Revenue Service (IRS) has announced the supplemental retirement plan contribution limits will increase for 202. As a 403(b) or 457 plan participant, the following information and reminders may be helpful to you.

• Voluntary Separation and Retirement Programs

  Dec 3, 2020 2:45 pm684 views

  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.

• 403(b) and 457 Plan Contribution Limits Increasing

  Nov 26, 2024 10:30 am706 views

  The Internal Revenue Service (IRS) has announced the supplemental retirement plan contribution limits will increase for 2025. As a 403(b) or 457 plan participant, the following information and reminders may be helpful to you.

• SURS Deferred Compensation Plan: Enrollment Now Available

  Dec 7, 2021 11:00 am764 views

  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.

• Recordkeeper Change: State Deferred Compensation Plan

  Jun 1, 2022 3:00 pm954 views

  The State of Illinois Deferred Compensation 457 Plan recordkeeping is transitioning from T. Rowe Price to Empower, effective July 1, 2022. A transition guide was sent to your mailing address via postal mail from Central Management Services (CMS) last week. You may also view details on the Empower transition website.

• SURS Money Purchase Factors Change

  Sep 16, 2021 4:00 pm955 views

  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. 

• 403(b) and 457 Plan Contribution Limits Increasing

  Nov 7, 2022 4:00 pm1892 views

  The Internal Revenue Service (IRS) has announced the supplemental retirement plan contribution limits will increase for 2023. As a 403(b) or 457 plan participant, the following information and reminders may be helpful to you.

• Introducing University 403(b) Plan Enhancements

  Jun 22, 2021 8:30 am3147 views

  We are pleased to announce important upcoming enhancements to the University 403(b) Plan.

  The University of Illinois System is committed to providing a best in class Supplemental 403(b) Plan to help support your financial wellbeing and to help you prepare for your retirement goals.