blog posts SURS Benefit Estimator Jun 28, 2010 11:15 am809 views Did you know that you can use the SURS Benefit Estimator, an online calculator, to get a "ballpark figure" of your retirement benefit under differing scenarios? Did you know you can defer vacation and/or compensable sick leave payouts to your 403(b) or 457(b) account upon separation/retirement from the University? Nov 5, 2010 11:00 am327 views Contact your campus UPB Benefits Services office on or before 60 days prior to your last day of employment to submit an election form. SURS Money Purchase Factors Change Effective July 2, 2012 Sep 1, 2011 11:30 am289 views SURS announces changes to Money Purchase factors used to determine monthly annuity benefits. 2013 Universal Availability Notice - Supplemental 403(b) Retirement Plan Jan 29, 2013 11:45 am255 views View the Supplemental 403(b) Plan terms and conditions, including new contribution limits. SURS Money Purchase Factors Change Information Nov 2, 2011 11:30 am189 views More information is available to help determine how this change impacts retirement benefits. SURS Pension Reform Nov 15, 2010 11:00 am143 views This article includes information on the changes to the State of Illinois Pension Code (Public Act 96-0889) that impact the State Universities Retirement System (SURS), effective January 1, 2011. Fidelity Announces Lower Expense Ratio Funds for the University's Supplemental 403(b) Plan Aug 7, 2012 12:00 pm114 views Two funds will change to a lower expense ratio share class on August 23. Retirement Education Seminar ' SURS Naperville Location Aug 28, 2012 12:00 pm107 views SURS is offering Traditional & Portable Plan seminars at SURS Naperville in November. SURS Benefit Changes - Public Act 96-0889 Jun 29, 2010 11:00 am99 views An amendment to the Illinois Pension Code, enacted on April 14, 2010, will change certain SURS benefits for new employees hired on or after January 1, 2011. SURS Self-Managed Plan Update Jun 26, 2012 12:00 pm75 views SURS recently mailed information about plan updates to SMP members. Retirement Education Seminars at SURS-Traditional and Portable Plan Members Aug 20, 2012 11:45 am57 views SURS is offering Traditional and Portable Plan seminars at SURS beginning in September. University 403(b) Plan and State Deferred Compensation Plan Comparison May 5, 2009 11:00 am49 views Compare the similarities and differences between the University 403(b) Plan and the State Deferred Compensation Plan. Important Changes to 403(b) Plan Loan Provisions May 5, 2009 11:00 am49 views Effective on and after January 1, 2009, loans will no longer be available through TIAA-CREF and are available only through Fidelity. Urbana Campus Retirement Planning Conference Feb 22, 2013 11:30 am44 views Planning to retire in the next 1 to 5 years? See the Urbana Campus Retirement Conference information. Urbana Campus Seminar-She's Got It: A Woman's Guide to Saving and Investing Nov 1, 2012 11:45 am38 views Register now for "She's Got It: A Woman's Guide to Saving & Investing" Attend an IGPA Pension Panel Discussion Mar 23, 2011 11:30 am37 views Informative Pension Panel Discussions presented by IGPA will be hosted on each campus. Additional events focused on retirement, pensions, and state budget issues are also upcoming. New Law Limits Reemployment of SURS Retirees Aug 20, 2012 11:15 am35 views PA97-0968 sets duration of employment and earnings limitations for reemployment of retirees by public universities. Important Changes to 403(b) Plan Hardship Distribution Provisions May 5, 2009 10:45 am29 views Effective on and after January 1, 2009, hardship distributions are available only through Fidelity. For a TIAA-CREF participant, hardships will be available to the participant by transferring his or her plan investments to Fidelity. FREE Fall Retirement Planning & Investment Seminars Available on Campus Sep 18, 2012 12:15 pm29 views Enroll now in retirement seminars from Fidelity, TIAA-CREF, and SURS offered on campus. SURS Contributions for Furlough Days Dec 2, 2010 11:15 am29 views Does the recently passed State of Illinois furlough law impact me? Notification of Change to SURS 6% Bill CalculationEffective May 2009 May 21, 2009 11:00 am27 views Vacation and collectively bargained sick leave no longer automatically removed by SURS on initial SURS 6% bills Pre-Tax vs. Post-Tax Make Up Contributions for Furlough Days Apr 29, 2010 1:00 pm26 views Employees have asked how to make up contributions for furlough days on a pre-tax basis to SURS. Deadline Approaching: Qualifying Event for Christie Clinic Contract Termination Feb 10, 2012 12:00 pm22 views Last day to make changes to your Coventry Health Care HMO is February 29, 2012 at midnight. SURS Conducting Board of Trustees Election Dec 2, 2011 12:00 pm22 views SURS is conducting Board of Trustees elections, and members are encouraged to participate. Retirement Planning Seminars on the Urbana, Chicago and Springfield Campuses Oct 5, 2011 11:30 am21 views Review the schedule of upcoming seminars from Fidelity, TIAA-CREF and SURS. Read the December 2008 SURS Advocate Online Dec 8, 2008 11:00 am21 views Read the Advocate newsletter online for current information of interest to SURS members. Current State Pension Legislation Mar 8, 2011 11:30 am20 views View information on legislation introduced in the Spring session of the State 97th General Assembly, which may impact the State pension systems, including SURS. SURS Retirement Planning Seminars on the Urbana Campus Sep 7, 2011 11:30 am20 views Register now for on-campus seminars presented by SURS on September 16 & 27. New Law Limits Reemployment of SURS Retirees Aug 20, 2012 12:00 pm19 views PA97-0968 sets duration of employment and earnings limitations for reemployment of retirees by public universities. Updates from President Bob Easter Jan 3, 2013 11:30 am18 views Read recent communications from the President. 2012 Universal Availability Notice - Supplemental 403(b) Retirement Plan Jan 31, 2012 11:15 am18 views View the Supplemental 403(b) Plan terms and conditions, including new contribution limits. State Pension Reform Update: Current News and Events Feb 13, 2012 12:00 pm17 views A new proposal by the Institute of Government and Public Affairs addresses state pension reform. Self-Managed Plan Education Seminars At SURS Aug 20, 2012 11:45 am17 views SURS is offering SMP seminars at SURS beginning in September of 2012. SURS to Implement Members-only Website Safeguards Oct 25, 2012 12:15 pm17 views Safeguards will further protect confidential member information on the SURS Member Website. Spring 2012 SURS Retirement Seminars at SURS Dec 8, 2011 11:45 am16 views SURS is offering Traditional & Portable retirement seminars at SURS beginning in March of 2012. Investment Environment - University 403(b) Plan Sep 23, 2008 11:00 am14 views In this volatile financial environment, and in light of the recent developments on Wall Street, 403(b) participants may have some questions about their investments. 457 Deferred Compensation Plan Contributions for 2012 Nov 18, 2011 12:00 pm13 views Enroll in or make changes to 457 Deferred Comp. Plan before Nov. 30 for Jan. 2012 increased contribution limits. SURS Town Hall Meeting 11/15/2011 Nov 3, 2011 11:30 am12 views SURS will hold a Town Hall meeting at College of DuPage. Federal Health Care Legislation Required Notice - FYI Only Dec 6, 2010 11:00 am11 views You will soon be receiving a federally mandated announcement from The Illinois Department of Central Management Services (CMS) related to a provision of the Patient Protection and Affordable Care Act (PPACA). It is a "for your information" announcement and does not require you to take any action. 2010 Contribution Limits to the Supplemental 403(b) Retirement Plan, per IRS Regulations Mar 19, 2010 11:15 am10 views Basic Elective Contribution Limit - $16,500Age 50+ Catch-up Contribution - $5,50015 Years of Service Catch-up Contribution - $3,000 Update: State Pension Legislation May 31, 2011 11:15 am9 views Recent events include President Hogan's testimony before the House of Representatives on the pension changes proposed in SB 512 and a statement by lawmakers postponing consideration of pension changes. Spring 2012 SMP Seminars at SURS Dec 8, 2011 11:45 am9 views SURS is offering SMP seminars at SURS beginning in March of 2012. Spring 2012 Retirement Seminars and Conferences Feb 21, 2012 12:00 pm8 views View the spring 2012 seminars and conferences offered on-campus. Registration is required and available online. Legislative Update and Passage of Retiree Insurance Bill May 16, 2012 12:00 pm8 views Recent messages to the University community include a legislative update and information about SB1313, which changes healthcare premiums for retirees. State Pension Legislation Update Nov 3, 2011 11:15 am7 views Pension legislation is being monitored during the Fall Veto Session. State Pension Legislation Update Nov 7, 2011 11:15 am7 views Pension legislation is being monitored during the Fall Veto Session.