The SURS Board of Trustees recently set the effective date for changes to the Money Purchase factors as July 2, 2019.
The SURS Board of Trustees recently set the effective date for changes to the Money Purchase factors as January 4, 2016.
The SURS Traditional plan is the historical SURS Defined Benefit retirement plan. It was the only SURS plan available until 1998. 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 plan. The Traditional plan is also the default plan assigned to members who fail to choose a plan within six months of certification.
Welcome to the Active Member portion of the SURS website. An active member is currently employed by a SURS-covered employer and contributes a portion of their earnings to the System.
Learn more about your SURS benefits including insurance, retirement, and disability. Find information on how to take a refund of your contributions if you leave the System or prepare for retirement.
Service Providers maintain member fund allocations, invest funds, send detailed quarterly statements, and forward summary statement information to SURS.
The SURS Self-Managed plan (SMP) is a defined contribution plan that establishes an account into which your contributions and the employer (State of Illinois) contributions are placed. You decide how your account balance will be invested, selecting from a variety of mutual funds and variable annuities.