On Sept. 1, 2020, the transition period was completed and funds in the SMP were redirected to the new default investment option, the SURS Lifetime Income Strategy (LIS).
Your money was moved to the SURS LIS and defaulted to:
- A target retirement age of 65
- A secure income level of 100%
If you don’t make any changes, 100% of your account balance will be on the path to generate guaranteed monthly income in retirement. You will not start securing income until the later of the date that is 15 years before your target retirement age (the earliest age being age 45) or the date when you become vested by having five years of service credit. New contributions received after Sept. 1, 2020, will also be invested in the SURS LIS unless you make changes to their allocation.