System HR News

Planning to retire in the next 1 to 5 years? See the Urbana Campus Retirement Conference information.

View the Supplemental 403(b) Plan terms and conditions, including new contribution limits.

Read recent communications from the President.

Register now for "She's Got It: A Woman's Guide to Saving & Investing"

Safeguards will further protect confidential member information on the SURS Member Website.

Enroll now in retirement seminars from Fidelity, TIAA-CREF, and SURS offered on campus.

SURS is offering Traditional & Portable Plan seminars at SURS Naperville in November.

PA97-0968 sets duration of employment and earnings limitations for reemployment of retirees by public universities.

 SURS is offering SMP seminars at SURS beginning in September of 2012.

SURS is offering Traditional and Portable Plan seminars at SURS beginning in September.

PA97-0968 sets duration of employment and earnings limitations for reemployment of retirees by public universities.

Two funds will change to a lower expense ratio share class on August 23.

SURS recently mailed information about plan updates to SMP members. 

Recent messages to the University community include a legislative update and information about SB1313, which changes healthcare premiums for retirees.

View the spring 2012 seminars and conferences offered on-campus.  Registration is required and available online.

A new proposal by the Institute of Government and Public Affairs addresses state pension reform.

Last day to make changes to your Coventry Health Care HMO is February 29, 2012 at midnight.

View the Supplemental 403(b) Plan terms and conditions, including new contribution limits.

SURS is offering Traditional & Portable retirement seminars at SURS beginning in March of 2012.   

SURS is offering SMP seminars at SURS beginning in March of 2012.   

SURS is conducting Board of Trustees elections, and members are encouraged to participate.       

Enroll in or make changes to 457 Deferred Comp. Plan before Nov. 30 for Jan. 2012 increased contribution limits.       

Pension legislation is being monitored during the Fall Veto Session.       

SURS will hold a Town Hall meeting at College of DuPage.   

Pension legislation is being monitored during the Fall Veto Session.       

More information is available to help determine how this change impacts retirement benefits.

Review the schedule of upcoming seminars from Fidelity, TIAA-CREF and SURS.       

Register now for on-campus seminars presented by SURS on September 16 & 27.       

SURS announces changes to Money Purchase factors used to determine monthly annuity benefits.       
       
       
       

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.       
       
       
       

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.       
       
       
       
       

View information on legislation introduced in the Spring session of the State 97th General Assembly, which may impact the State pension systems, including SURS.

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.

Does the recently passed State of Illinois furlough law impact me?

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.   
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       

Contact your campus UPB Benefits Services office on or before 60 days prior to your last day of employment to submit an election form.

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.

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?

Employees have asked how to make up contributions for furlough days on a pre-tax basis to SURS. 

Basic Elective Contribution Limit - $16,500
Age 50+ Catch-up Contribution - $5,500
15 Years of Service Catch-up Contribution - $3,000   
       

Vacation and collectively bargained sick leave no longer automatically removed by SURS on initial SURS 6% bills

Compare the similarities and differences between the University 403(b) Plan and the State Deferred Compensation Plan.

Effective on and after January 1, 2009, loans will no longer be available through TIAA-CREF and are available only through Fidelity.

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.

Read the Advocate newsletter online for current information of interest to SURS members.

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.