blog posts

• Saving For Your Future? Supplemental Retirement Plans Can Help!

  Sep 21, 2021 3:00 pm196 views

  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?

• 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) 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.

• Last Chance! 403(b) Plan Changes: Attend a Webinar

  Aug 2, 2021 7:30 am289 views

  Upcoming 403(b) Plan enhancements will be effective soon. You have just a few more days if you’d like to make any changes prior to the fund mapping for streamlining of the fund menu. If you would like to make any changes to your asset allocation prior to mapping, you must complete your transaction(s) ahead of the stock market closing (3:00 PM CST) on Friday, August 6th.

• Reminder! 403(b) Plan Changes: Attend a Webinar

  Jul 19, 2021 7:30 am315 views

  Last month, we announced important upcoming enhancements to the University 403(b) Plan.

  Prepare for Upcoming Changes
  To help you navigate this change to the new streamlined fund lineup, transition guides and live informational webinars are available. The same webinar will be repeated multiple times with each company.

• 403(b) Plan Changes: Attend a Webinar

  Jul 7, 2021 1:00 pm333 views

  Last month, we announced important upcoming enhancements to the University 403(b) Plan.

  To help you navigate this change to the new streamlined fund lineup, transition guides and live informational webinars are available. The same webinar will be repeated multiple times with each company.

• 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.

• Are You Retiring or Separating from the University of Illinois System?

  Mar 9, 2021 8:00 am461 views

  You may be eligible to defer unused vacation and/or compensable sick leave into the University 403(b) or State 457 retirement plans.

• 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

• 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

  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.