SURS currently uses Principal Life Insurance Company and TIAA as annuity providers. You may use TIAA only if you have assets with them. You may utilize Principal as an annuity option for any of the funds in the RSP. Only insurance companies can issue annuity contracts. The SURS Lifetime Income Strategy generally allows you to begin purchasing income at age 50 or the date you are vested, whichever is later. In certain circumstances, some members may purchase income as early as age 45. In the Lifetime Income Strategy, you may also purchase income just prior to the date of retirement.
