Retirement Savings Plan (RSP) FAQs
Answers for members regarding the Retirement Savings Plan (RSP). To return the Frequently Asked Questions Home, click here.
Does SURS offer help with selecting my investments?
SURS is committed to providing members with informational materials and tools to help members make informed decisions about their retirement plan....
How is my Guaranteed Income Withdrawal Amount calculated?
It is calculated according to a formula that considers: 1. The total amount of money allocated to the Secure Income Portfolio (SIP) over...
If I want to use the SURS Lifetime Income Strategy (LIS) only as a target date portfolio, how do I turn off the guaranteed income feature?
If you wish to use the SURS LIS as a target-date portfolio only, you can simply set your secure in-come level to 0%. This may be done via the SURS...
Are Required Minimum Distributions (RMDs) required in the RSP?
Yes. By law, annual withdrawals from retirement plan accounts called Required Minimum Distributions (RMDs) must begin by April 1 in the year...
How do I access the Voya Mobile App for RSP?
Download the Voya Retire app from the Apple or Google play stores. If you are already registered online and participating in the plan, enter the...
Are surviving spouses eligible to utilize the LIS as a death benefit?
If members have passed away while actively working, surviving spouses are not eligible to use the LIS. A spouse who is not age 45 on the date of...
What is required to file a death claim when an RSP participant becomes deceased?
Beneficiaries should contact SURS to request the appropriate claim forms. The claim form should be completed and returned with a certified copy of...
Can a QILDRO claim be filed against my RSP funds?
An alternate payee may file a Qualified Illinois Domestic Relations Order (QILDRO) claim in a court of law. Attorneys generally handle all paperwork...
Are RSP members eligible to receive disability benefits?
Yes. Disability applications may be obtained from your employer. You will complete the employee section. Your employer will complete their section....
Do rollover contributions to the RSP count towards the annual contribution limit?
No, a rollover does not count towards the annual contribution limit. Return to Frequently Asked Questions
Are roll-ins allowed in the RSP?
Roll-ins are allowed from other qualified plans. There will not be any state match contributions applied to your roll-in. The appropriate form is...
How can I schedule an appointment with a SURS Defined Contribution Account Representative?
SURS has full-time dedicated Defined Contribution Account Representatives. You may schedule an appointment with them by going...
When do I get an RSP statement?
TIAA and Voya statements are made available quarterly. Beginning Sept. 1, 2020, the SURS RSP Unified Statement was discontinued. If you want...
Are purchases allowed in the Retirement Savings Plan (RSP)?
All purchase types are allowed. There will not be any state match contributions applied to your purchase. You should contact SURS for verification...
What portion of my account balance am I entitled to if I take a refund in the Retirement Savings Plan (RSP)?
If you are not vested (less than five years of service credit) you will receive your contributions and the investment earnings on your employee...
What are the group plan numbers for the providers?
TIAA is 100825. Voya is 626701. Return to Frequently Asked Questions
During the Plan Choice Election Enrollment process what are the steps one must take in order to select the investment funds for the RSP?
SURS strongly encourages those electing the RSP to enroll electronically. If you enroll electronically but want to select provider...
How do I get a new PIN (personal identification number)?
A new PIN may be obtained by calling the Defined Contribution Contact Center at 800-613-9543. The PIN number can only be mailed to you for security...
As an RSP member, what are my options if I have login issues?
Members are encouraged to utilize the single sign on (SSO) technology now being used. This allows members to access the SURS Member website, Voya...
When will I receive my LIS payment or lump-sum payment from Voya?
Monthly LIS payments are initiated the first business day of the month. Voya’s process for making these payments takes two days. It...