WebSURS members must choose one of three retirement options: 1. Traditional Benefit Plan 2. Portable Benefit Plan 3. Retirement Savings Plan (RSP) New members must choose a retirement plan with- in six months from the date SURS receives their certification of employment from the employer. Your choice is permanent and cannot be changed. WebThe State of Illinois Deferred Compensation Plan (“Plan”) is an optional 457 (b) retirement plan open to all State employees. The payroll deferrals, together with any earnings, …
Retirement Resources - TRS, IMRF, SURS - Illinois Education …
WebUniversity of Illinois System Benefits Employee and Dependent Term Life Insurance (Closed Plan) Coverage may continue on same three-year term basis to age 70; premium remains the same as that for an active employee plus a $15 annual billing fee. Children may be covered to age 25 regardless of status as your dependent. WebState Employees Pension Calculators SERS: SERS is a $15.6 billion public employee retirement system, serving over 158,000 members and beneficiaries of the states’ … chawl house 3 cast
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Mandatory contributions to your SURS plan, 8% of pensionable earnings, are deducted from your paycheck on a pre-tax basis. How your contributions are allocated varies depending on which plan you elected. The State of Illinois Employer Contributionsalso vary based on your plan. Please be aware that … See more If you are newly eligible for SURS, you have six months from your date of eligibility to make your plan election. After six months, you will default into … See more Please see the SURS websitefor detailed information on each SURS retirement plan option and additional information about participating in SURS. SURS offers two Defined Benefit plans, … See more Participation in SURS is required if you are eligible. You are eligible if you work continuously for at least one academic term or four months, … See more WebThe University of Illinois System permits employees to defer a portion of their vacation and compensable sick leave payouts after separation from the University to a University 403(b) or State 457 plan. To make a deferral, you must contact University Payroll & Benefits (UPB) on or before 60 days prior to your last day of employment (Urbana: 217- WebFunding public-employee pension systems is perhaps the most vexing emergency facing Illinois taxpayers. The Illinois Public Pensions Database contains nearly a decade of system metadata and millions of beneficiary records for the largest public-sector pension funds in Illinois. Compare funding at the system level custom reborn toddler