SURS Deferred Compensation Plan (DCP)

Another Way to Save For Your Retirement

This 457(b) Savings Plan is Available Through Participating SURS Employers

Going The Extra Mile

SURS is excited to offer our supplemental defined contribution plan available from participating SURS employers.

This voluntary plan, called the SURS Deferred Compensation Plan (DCP), provides members an avenue to save more and generate additional income in retirement. Most active SURS members employed by a state university, community college or other government entity may participate.

Per state law, beginning July 1, 2023, all newly hired SURS members will be automatically enrolled in the DCP. They will have the ability to opt out within the 30-day opt-out period. Read more.

Current SURS members are encouraged to enroll in the DCP to supplement future retirement savings.

The SURS DCP is closely monitored by SURS professionals to ensure cost efficient investment options that are in the best interest of members. When members start their careers with a SURS-covered employer, they are required to participate in one of the core qualified 401(a) retirement plans: the SURS Traditional Pension Plan, SURS Portable Pension Plan or SURS Retirement Savings Plan (formerly the Self-Managed Plan).

These plans provide valuable benefits for retirement readiness. However, some members may need additional savings to supplement those benefits to maintain a comfortable lifestyle in retirement. Remember, SURS members do not contribute to Social Security and many members who are eligible for Social Security through other employment will have their Social Security reduced.

To make it convenient for our members to build additional savings, SURS created the SURS Deferred Compensation Plan (DCP) in accordance with Illinois Public Act 100-769.
The DCP was made available on March 1, 2021. All eligible employers were required to adopt the SURS Deferred Compensation Plan before Sept. 1, 2021. Voya Financial is the recordkeeper for SURS DCP.

More Information

The SURS DCP may be especially beneficial for:

  • Tier II members (members first employed by a SURS-covered employer on or after Jan. 1, 2011) who have a retirement benefit program that is less substantial than members in Tier I (those employed before Jan. 1, 2011). The SURS DCP has been carefully designed to provide lifetime monthly income in retirement that can fill the gap and supplement the monthly income received from SURS.

  • Community college employees who do not have a 457(b) plan available to them.

  • SURS Traditional and Portable Pension Plan members affected by the Tier II salary cap ($119,892.41 in FY 2023 and $123,489.18 in FY 2024) and SURS RSP/Tier I members who have an IRS earnings limit ($305,000 in FY 2023 and $330,000 in FY 2024).

How to Enroll in the DCP and Manage Your Account

You will enroll in the DCP, manage your account information and make transactions 24/7 by going to and clicking the Member Website Login button, then SURS Deferred Compensation Plan (DCP).


Call the SURS Defined Contribution Contact Center at 800-613-9543, TDD: 800-579-5708 and follow the prompts to check account information or make transactions. If you have questions or need assistance, you can speak with a Customer Service Associate, weekdays from 7 a.m. to 7 p.m., Central time, excluding major holidays.

Scheduling Appointments
To schedule an appointment with SURS Defined Contribution Account Representatives, go to

DCP Informational Webinars

If your employer has adopted the SURS Deferred Compensation Plan (DCP) you are now eligible to enroll. The SURS DCP is a voluntary supplemental retirement plan designed to complement your SURS core retirement plan, and help make sure you are on the road to a healthy retirement. Please join a virtual webinar to learn more about the plan, including how to enroll and what investment options are available.

The webinars are free, but registration is required. Click here to access future events.