In an effort to pay you in a timely manner while we collect information needed to calculate your final annuity, SURS issues a PEP on the effective date of your retirement or within 30 days of the receipt of your application, whichever is later. A PEP is approximately 80-90 percent of what SURS projects your final amount to be and is not the same amount as the estimate you may have had calculated by a Member Service Representative. You will continue to receive these estimated payments while your claim is being processed. Preliminary estimated payments do not include the following:
- Current year earnings and/or vacation payments
- Reciprocal credits
- Additional credit for unused, unpaid sick leave
- Additional service credit purchased after your Application for Retirement annuity is received