Before a member makes their Plan Choice Election, any contributions SURS receives for them are held in the trust fund used for the SURS Traditional Plan. Once they elect the RSP, their funds are forwarded to the provider(s) as part of the “Initial Balance Transfer.” The Initial Balance Transfer takes place approximately 14 days after a member elects to participate in the RSP. To ensure that no funds are missed, SURS also has a “Second Sweep,” which takes place approximately 30 days after the Initial Balance Transfer. After the sweep process is completed, contributions are forwarded to the provider(s) within three working days of them being received by SURS.
