SURS is offering fall Retirement Education Seminars for members enrolled in the Traditional and Portable plans. These one-day sessions will be held from approximately 9:30 a.m. to 3:00 p.m. Registration is required. The enrollment fee is $20 per member and $10 for a non-member guest. Lunch will be provided. Two sessions are available for community college employees:
Tuesday, November 4 – Champaign, IL
Thursday, November 6– Naperville, IL
Topics will include:
- Eligibility for retirement
- Purchasing additional service credit – cost, availability, ways to purchase, how the purchase may benefit you
- How benefits are calculated under both Money Purchase (if applicable) and General Formula
- What happens when you pass away
- Death benefits – who qualifies, amount payable
- Survivor benefits – who qualifies, amount payable
- Applying for your retirement benefit
- What happens after you retire – preliminary estimated payment stage (PEP), taxes, automatic annual increase (AAI), returning to work after retirement
- Benefits to having a counseling appointment within four years of retirement
Please contact a SURS representative at 800-275-7877 to register.