blog postsIntroducing University 403(b) Plan EnhancementsJun 22, 2021 8:30 am2983 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.Voluntary Separation and Retirement ProgramsDec 3, 2020 2:45 pm550 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) Plan Changes Complete: Review Your AccountAug 12, 2021 3:00 pm466 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.Are You Retiring or Separating from the University of Illinois System?Mar 9, 2021 8:00 am375 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) and 457 Plan Contribution LimitsNov 17, 2020 7:30 am354 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) Supplemental Retirement Plan - 2021 Universal Availability NoticeJan 20, 2021 12:00 pm333 views 403(b) Supplemental Retirement Plan - 2021 Universal Availability Notice403(b) Plan Changes: Attend a WebinarJul 7, 2021 1:00 pm304 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.Reminder! 403(b) Plan Changes: Attend a WebinarJul 19, 2021 7:30 am292 views Last month, we announced important upcoming enhancements to the University 403(b) Plan. Prepare for Upcoming ChangesTo 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.Last Chance! 403(b) Plan Changes: Attend a WebinarAug 2, 2021 7:30 am258 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.SURS Money Purchase Factors ChangeSep 16, 2021 4:00 pm153 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. Saving For Your Future? Supplemental Retirement Plans Can Help!Sep 21, 2021 3:00 pm20 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?