Members selecting the RSP have accepted the responsibility for assuming nearly total control over their retirement plan. In this plan there are no minimum guarantees nor are there any limits on the maximum benefits. Members can have the ability to select the funds of their choice, depending upon their risk tolerance, goals, time horizons, etc. Members selecting the SURS Lifetime Income Strategy (LIS) will have the option to purchase income, typically after the age of 50 or possibly as early as age 45 depending upon their individual circumstances and only when they have become vested for retirement benefits. If members do not elect the LIS, at retirement they will select from a variety of lump-sum distribution or monthly income options.
