SURS Portable Plan
More Information. The SURS Portable Pension Plan is a defined benefit retirement plan that has much in common with the Traditional Pension Plan. However, it ...
However, the separation refund feature is not as generous as the Portable Benefit Plan. SURS Portable Benefit Plan. This is also a defined benefit retirement ...
SURS Facts - Portable Plan Retirement Planning Tier I Only
General Information, Filing For Retirement, Required Documentation, Estimated Payments, Retirement processing takes approximately eight months.
The SURS Portable Pension Plan is a Defined Benefit retirement plan that has much in common with the Traditional Pension Plan. However, it provides a more ...
Leaving SURS – Traditional and Portable Plans
You may receive a one-time lump sum distribution. No partial distributions are allowed. You may only receive one refund per academic year.
Retirement - Traditional and Portable Plans - SURS
Age 55 with 8 or more years of service, with applicable age reduction; Age 62 with 5 or more years of service; Any age with 30 or more years of service* ... When ...
State Universities Retirement System (SURS)
The Portable Plan allocates 6.50% of your pay to your retirement, 0.50% to an automatic annual increase, and 1.00% to portability, allowing for a larger refund ...
The SURS Portable Pension Plan is a Defined Benefit retirement plan that has much in common with the Traditional Pension Plan. However, it provides a more ...
The Traditional and Portable Pension Plans require 10 years of service to meet minimum vesting for a monthly retirement benefit. The Portable Plan has a five- ...
Tier I – Traditional & Portable Plan Members First Employed Before Jan. 1, 2011. Employee Contributions, 8% of pensionable earnings.
A Guide to Selecting Your SURS Pension - Bluestem Financial
Traditional Plan. Portable Plan. Retirement Savings Plan. High-income Participants. Less Favorable. Less Favorable. More Favorable. Participant ...
If you are new to SURS, you must decide which of our three plans – Traditional, Portable, or Retirement Savings Plan (RSP) – is the best choice for your ...
Seeking Guidance on SURS Plan Selection: Portable vs. RSP ...
The Portable Plan (Portable Pension Plan) seems less favorable compared to the RSP (Retirement Savings Plan) Plan.
What are the formulas SURS uses when calculating a retirement benefit under the Traditional or Portable plan? ... Portable plan? Please refer to the Normal ...
The other two plans provide survivor benefits at a cost. Is someone depending on you for benefits? Page 8. Plan Types. Defined Benefit. Traditional & Portable.
RETIREMENT PLANS - Two-Tiered System
Portable Plan member benefits may be reduced to provide survivor benefits ... For Police/Fire benefit information, see SURS Member Guides.
Retirement and Investment Plan Help
SURS Retirement Counseling Appointments - Traditional and Portable. Counseling with SURS to receive an estimate of your benefits is only available to employees ...
Defined Benefit Plans. SURS Traditional Pension Plan. SURS Portable Pension Plan. Defined Contribution Plan. SURS Retirement Savings Plan (RSP). Supplemental ...
New to SURS? Selecting the Right Retirement Plan for Illinois ...
When you begin employment, you must select among three plan offerings: Traditional, Portable, and Retirement Savings Plan.
It provides lifetime retirement benefits and a survivor benefit at no additional cost. However, the separation refund feature is not as generous as the Portable ...