Champaign, IL. – Gov. Pritzker has appointed John Lyons to chair the SURS Board of Trustees. He replaces John Atkinson who stepped down as chair...
Champaign, IL – The SURS Board of Trustees has hired Michael Schlachter, CFA, as the System’s new chief investment officer (CIO). Schlachter will...
Doug Wesley, SURS chief investment officer (CIO) for nearly seven years, is set to retire March 1, 2024. "It has been an honor and privilege to...
The SURS Traditional Pension Plan is the historical SURS Defined Benefit retirement 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 Pension Plan. The Traditional Pension Plan is also the default plan assigned to members who fail to choose a plan within six months of certification.
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 generous separation refund when participants leave the system. The provisions for survivor benefits require a reduction to the retirement and death benefits.
The SURS Retirement Savings Plan (RSP) 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.
This new voluntary plan, called the SURS Deferred Compensation Plan (DCP), will provide members an avenue to save more and generate additional income in retirement. Most active SURS members employed by a state university, community college or other government entity will be able to participate.
Stay up-to-date with all SURS events and dates.
- Educational Events
- Board and Committee Meetings
- Benefit Payment Dates
SURS is pleased to offer the following educational webinars and seminars.
Plan Choice Webinars
Retirement Savings Plan Webinars
Pre-Retirement Educational Seminars
From Here To Retirement Webinars
SURS Townhall and Stakeholders Meetings
Keep Your Information Up To Date.
SURS secure Member Website is the best tool to keep your personal information up to date. You can safely update your beneficiaries, address, email and phone numbers. You may also view your benefit statements and create retirement estimates based on different retirement scenarios. If you have not yet registered, do it today by clicking on the Member Website Login button in the top right-hand corner of the SURS website homepage, then hit the Registration Process button and follow the prompts.