October 7, 2025 | FAQs, FAQs - Retirement
Your pension benefits are subject to taxation by the Internal Revenue Service for federal income tax purposes. Under current law, your pension benefits are not subject to income tax by the state of Illinois. Should you relocate to another state, you should check with...
October 7, 2025 | FAQs, FAQs - Retirement
If you are in the Traditional or Portable Pension plans, log into your SURS Member Website account and complete the change form. If you are wanting to change the financial institution where your monthly annuity is deposited as an RSP member, you will need to complete...
October 7, 2025 | FAQs, FAQs - Retirement
This can vary considerably but on average you can expect your claim to be finalized within two to three months. There are several factors that may impact your claim: Application errors. The length of time it takes your employer to complete a termination report...
October 7, 2025 | FAQs, FAQs - Retirement
Since all annuity benefit payments are made on the first of the month, it is recommended that you select the first day of the month in the month in which you desire your benefit to begin. Return to Frequently Asked Questions
October 7, 2025 | FAQs, FAQs - Retirement
SURS benefit recipients may be eligible to participate in the State of Illinois Employee Group Insurance Program (SEGIP) or the College Insurance Program (CIP). To be eligible for the SEGIP, you must have at least five years of service credit with a state university...
