Retirement & Investment Plans
Depending on your employment, you may be eligible to participate in one or more retirement and investment plans. Participation in the State Universities Retirement System (SURS) is mandatory if you are eligible. The University of Illinois Supplemental 403(b), the State of Illinois 457 Deferred Compensation, and the SURS 457 Deferred Compensation plans offer additional savings opportunities.
State Universities Retirement System (SURS)
SURS is a state-wide system for Illinois public universities that provides retirement, disability, and related benefits to eligible participants and annuitants. Contributions to SURS are mandatory if you are eligible. SURS offers a one-time, irrevocable choice of plans:
- Retirement Savings Plan (RSP)
- Traditional Benefit Package
- Portable Benefit Package
If you previously worked for the University or another SURS-covered employer, you will resume contributions to the SURS plan you chose when you first became an eligible participant; you will not have an opportunity to select a different plan.
SURS participants are not eligible for federal Social Security coverage based on employment with a SURS-covered employer, and no Social Security taxes are withheld from your earnings. If you worked for other employers who contributed to Social Security, your SURS pension may impact or reduce Social Security benefits.
See SURS for eligibility requirements, contributions, and plan options.
University Supplemental 403(b) Plan
You may make traditional or Roth contributions to the 403(b) Plan if you are receiving compensation from the University and you elect to contribute a minimum of $200 annually. Participation is voluntary and may be started or stopped at any time (subject to payroll schedules). See University 403(b) Plan.
Get started with the University 403(b) Plan
Deferred Compensation 457 Plans
State Deferred Compensation 457 Plan
The Deferred Compensation 457 Plan is another voluntary option for making tax-deferred or Roth contributions for state employees, if eligible for this Plan. The minimum contribution is $10 per pay period or 1% of your gross pay per pay period. See State Deferred Compensation 457 Plan.
Enroll, Make Changes, or Stop my State Deferred Comp 457 Plan
SURS Deferred Compensation 457 Plan
The SURS Deferred Compensation 457 Plan (SURS DCP) is another option for making tax-deferred or Roth contributions for actively contributing SURS employees. Some employees are automatically enrolled in this Plan. The minimum contribution is $10 per pay period or 1% of your gross pay per pay period. See SURS Deferred Compensation 457 Plan.
Enroll, Make Changes, or Stop my SURS Deferred Comp 457 Plan
Voluntary Retirement Incentive Programs
Plan Help
Other Retirement Resources