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  • Recordkeeper Change: State Deferred Compensation Plan

    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 July 2, 2022

    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. 

  • Retirement and Investment Webinars Available!

    Are you interested in learning more about retirement planning and investment options available to you as a University of Illinois System employee? Retirement and investment education webinars are available through State Universities Retirement System (SURS) and University 403(b) Plan vendors TIAA and Fidelity. View details for each vendor below.

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

    You may be eligible to defer unused vacation leave into the University 403(b), State 457, or SURS 457 retirement plans.

  • America Saves Week

    Next week marks America Saves Week, an opportunity to focus on your savings strategy. University of Illinois System approved 403(b) retirement plan investment companies, TIAA and Fidelity Investments, offer tips and resources to help you get into a saving mindset.

  • Know Your Approved Retirement Plan Representatives

    Be wary of callers attempting to discuss financial investments. Only a few representatives from investment companies are approved to discuss retirement planning.

  • 403(b) Supplemental Retirement Plan - 2022 Universal Availability Notice

    403(b) Supplemental Retirement Plan - 2022 Universal Availability Notice

  • SURS Deferred Compensation Plan: Enrollment Now Available

    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.

  • Coming Soon: SURS Deferred Compensation Plan

    Coming in January 2022, SURS will be offering a new, voluntary retirement savings opportunity that will be available to SURS-eligible employees through payroll deduction. The SURS 457 Deferred Compensation Plan (DCP) is supplemental to your SURS Traditional, Portable, or Retirement Savings Plan.

  • 403(b) and 457 Plan Contribution Limits

    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.

  • Review your TIAA Beneficiary Designation

    Control where your University of Illinois TIAA 403(b) inheritance goes! Life changes, and so do your wants and needs. If something happens to you, make sure your beneficiary information reflects your current wishes.

  • Review your Fidelity Beneficiary Designation

    Control where your University of Illinois Fidelity 403(b) inheritance goes! Life changes, and so do your wants and needs. If something happens to you, make sure your beneficiary information reflects your current wishes.

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

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

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

    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

    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

    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

    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

    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

    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

    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?

    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

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

  • Voluntary Separation and Retirement Programs

    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

    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.