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SURS is a state-wide system for Illinois public universities that provides retirement, disability, and related benefits to eligible participants and annuitants. Contributions to SURS are mandatory if you are eligible. SURS offers a one-time, irrevocable choice of plans: Retirement Savings Plan (RSP) Traditional Benefit Package.
If you are age 65 or older at retirement, contact the Social Security office 60 days prior to retirement to ensure proper coverage. For further information, please see Medicare Information. Basic Life Insurance. If retiring before age 60, life insurance continues at 100% of salary until age 60.
SURS is the retirement administrator for employees in public higher education in the State of Illinois. Participation is mandatory if you are eligible. When you become eligible, you will make a one-time, irrevocable election among three available retirement benefit plans.
The University of Illinois offers this plan as part of workplace benefits. Now is a great time to understand what is offered - think about taking advantage of any opportunities to save and invest for the future. Learn what plans allow eligible employees to do.
Retirement. Retirement at the university involves the intentional transition to the end of your employment when you have met certain eligibility criteria and made a personal decision to transition to a new phase in life. Planning for Retirement.
Retirement Benefit. Eligible employees must participate in the State Universities Retirement System (SURS) and must make a one-time irrevocable election among three available retirement benefit plans within six months of their date of eligibility.
The State Universities Retirement System (SURS) is one of the five state-funded retirement plans that provide retirement, survivor, death and disability benefits on behalf of more than 250,000 members from 61 employers in Illinois, including state universities, community colleges and state agencies.
