Beginning with the 07/15/15 payroll, all SURS participating employees will see an amount on their pay advice or check stub which is designated as “BALANCE”. This is directly below the SURS contribution. This balance indicates the remaining amount that can be contributed to SURS for the current fiscal year. Each pay period this amount will decrease as the year to date contributions increase. The limits will be reset each July with the new fiscal year.
This “BALANCE” information is new to those people who are part of the Traditional–Tier 1 program with SURS. Those employees who are part of the Traditional–Tier 2 or the Self-Managed Plan have had this information on their pay advices for the past year. It is important to note that some individuals may not see the “BALANCE” designation on their pay advice because of the limited number of lines available to display benefits and deductions.
Please let me know if you have any questions regarding your pay advice. Any questions regarding your SURS contributions or SURS status should be directed to Human Resources.
Thanks,
Cheryl Sneed, cheryl.sneed@llcc.edu, ext. 62247
Disbursements Manager