SURS Plan Choice Brochure Tier 1
As a member of SURS, you have a choice when it comes to your retirement. You can select one of two defined benefit plans—the Traditional Pension Plan or the ...
Retirement Choice Booklets – These booklets can help guide your choice of retirement plan. Please read them thoroughly. Click here for Tier I booklet. Click ...
Tier 1 | Investing in Your Future - Illinois State Retirement Systems
formula eligibility. • Not all Reciprocal Systems service counts towards insurance, only eligible SURS time and all TRS time if the member ...
You are a Tier II member if you first became a participant on or after. January 1, 2011. Contact SURS if you participated in SURS and accepted a refund or ...
1, 2011, you would be considered to be a Tier II member. INTRODUCTION. SURS is a qualified 401(a) retirement plan that provides retirement, disability, death ...
Tier I. FALL. 2024. Page 2. SURS Retirement Plan Choice – Tier II. • This presentation will begin shortly and is scheduled to last approximately 1-1/2 hours.
• Tier I – Participation prior to January 1, 2011. Page 3. About SURS. State Universities Retirement System. • Defined Benefit Plan (established 1941). • ...
State Universities Retirement System (SURS)
When you become eligible, you will make a one-time, irrevocable election among three available retirement benefit plans. Benefits in retirement depend on your ...
SURS Facts - Tier I Automatic Annual Increase (AAI) Buyout
The Tier I AAI Buyout, which will be available to retiring SURS members from July 1, 2019, through June 30, 2026, provides a Tier I member with an optional lump ...
• Tier I – Participation prior to January 1, 2011. Page 3. About SURS. State Universities Retirement System. • Defined Benefit Plan (established 1941). • ...
As you near retirement, you have the option to secure guaranteed retirement income that you cannot outlive. You can also maintain access to retiree health ...
Must elect to receive a lifetime monthly benefit from SURS. The State Employees Group Insurance Program (SEGIP) includes health, vision, dental, life and ...
options – the Vested Inactive Buyout and the Tier I Automatic Annual Increase (AAI) Buyout – for SURS members ... 1 after retirement and the pres- ent ...
Retirement and Investment Plan Help
If you are newly eligible for SURS, be sure to register for a SURS Plan Choice Webinar or view a recorded SURS Plan Choice Tier II Webinar to assist with making ...
insurance will be secondary (prior to transitioning to MAPD). Questions regarding plan options or enrollment should be directed to MyBenefits. Questions ...
Our Plan Choice Decision Tool Can Help You Select the Retirement Plan That Best Meets Your Needs. ... Choosing one of SURS three retirement plans may seem a bit ...
RETIREMENT PLANS - Two-Tiered System
Greater of the benefits computed under SURS General Formula and Minimum Annuity calculation. Member bears the investment choice risk. At retirement, vested ...
SURS Pension: A Good Start, but is it Enough? - Bluestem Financial
Firstly, you have the choice between Fidelity and TIAA for your 403b plan. ... · SURS 457 Brochure – including the investment options. Share.
Retirement Options | SIU School of Medicine
There are three (3) different SURS options available that employees may choose from for their retirement. Option 1: The Traditional (defined benefit) plan ...
Retirement Resources – TRS, IMRF, SURS – Illinois Education ...
... Tier I Member Guide or Tier II Member Guide. For more information related to ... Covered SURS members must choose one of three retirement plans: the ...