Use SURS DCP to Boost Retirement
As a SURS employee, you are enrolled in a core retire- ment plan: either the Tradi- tional or Portable defined benefit plan or the Retire- ment ...
SURS Deferred Compensation Plan (DCP)
This voluntary plan, called the SURS Deferred Compensation Plan (DCP), provides members an avenue to save more and generate additional income in retirement.
Deferred Compensation Plan FAQs - SURS
Keep in mind that annual pay increases often take place at or near this time, so the 1% increase in deferral to your SURS DCP may not be felt as much. Many ...
Investing in the DCP helps you create retirement income to complement the benefit ... Once you have reached age 59½ you are eligible to take distributions from ...
SURS Deferred Compensation 457 Plan
The SURS Deferred Compensation 457 Plan (also known as the SURS DCP) is an investment plan available to all actively contributing SURS members.
SURS Deferred Compensation Plan (DCP) Auto-Enrollment
This increase will begin on July 1 once you have been in the plan for at least 180 days. Pay increases often take place during this time, so the increase to ...
• May enhance the retirement benefit from one or more of the retirement ... retirement application to SURS at least. 60 days prior to retirement date.
Enroll In, Change, or Stop Your SURS DCP Contributions
To enroll, make changes, add/update beneficiaries or stop contributions to the SURS Deferred Compensation Plan (SURS DCP) go to surs.org/retirement-plans/dcp/
... pension benefit buyout from SURS returns to participa- tion under SURS, then the calculation of any future automatic annual increase in retirement annuity must.
another eligible Illinois retirement system covered under the Illinois ... • SURS DCP can help you reach retirement goals. • Additional savings is ...
SURS 457 DCP Auto Enrollment | Illinois - Blogs
Beginning July 1, 2023, all SURS eligible new hires will ... (DCP) which is a supplemental retirement plan that became available last year.
Contributions will not be deducted from earnings that exceed the earnings limit in the fiscal year. Page 12. Retirement Eligibility (Vesting). Tier II.
If not eligible for retirement, members can take a refund of their ... RSP or DCP Account Review. • Schedule appointments at sursrsp.timetap.com.
• May enhance the retirement benefit from one or more of the retirement ... • Should be eligible to retire within 10 years. • Retirement Savings Plan ...
• May enhance the retirement benefit from one or more of the retirement ... retirement application to SURS at least. 60 days prior to retirement date.
Under the Self-Managed Plan, members were required to take a distribution at retirement. ... ment entity will be able to participate in the SURS DCP, which is a ...
The SURS Lifetime Income Strategy is designed to help members meet basic income needs in retirement. It is a flexible, target date portfolio that automatically ...
Benefit is calculated using a specified formula based on age, earnings, and years of service. Defined Contribution. Retirement Savings Plan (RSP). • Employer ...
Portfolio to maintain access to retiree health benefits in the Retirement Savings Plan, no such provision exists in the DCP.) The SURS LIS within the DCP ...
public pension system for which you might not normally be eligible. • May enhance the retirement benefit from one or more of the retirement systems involved.