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EIU Benefit Services

Welcome to Benefit Services

Here you can explore all your benefit options as an Eastern Illinois University employee. Our employees are provided with a vast array of benefits including: group health, dental, vision, life insurance, disability, retirement, supplemental retirement plans, and tuition waivers.

We encourage our employees to be in control of their benefits. Employees can sign up and access their benefits at MyBenefits.

As the Benefits Staff, we are committed to providing excellent service to our employees. If you have any questions, please contact us via email at benefits@eiu.edu or call 217-581-5825.


Announcements

 

SURS Retirement Counselor on Campus  

SURS will have a retirement counselor on campus Thursday, October 3, 2019 and Friday, October 4, 2019 in the Shelbyville Room of the MLK Jr. Union.  If you wish to speak to a SURS representative on these dates, they are now accepting appointments.  Please call 800-275-7877 to obtain the necessary form for your appointment or log into your member account from the SURS website (www.surs.org) to complete the form online.  Once the form is received, SURS will contact you to schedule a counseling date and time.  Appointments will be assigned on a first-come, first-serve basis.  Returning the forms in a timely manner will help to ensure a campus appointment.

 

Holiday World & Splashin' Safari 

During the month of May, EIU employees can visit the park for as little as $19.99! Visit HolidayWorld.com/FunClub to pick your price by using the username and password listed below. 

Username: Holiday730

Password: World730

 

Financial Wellness Portal

Financial wellness is the peace of mind you feel when you’ve balanced saving and spending…living well today and planning for tomorrow. How do you achieve it? Visit www.prudential.com/easternillinoisuniversity and find out how!

Prudential has provided EIU employees with a custom portal that includes trending topics about everyday trade-offs: vacation vs staycation, packing your lunch, and how to stay financially healthy in the New Year.

This portal is completely private and is easy to access anytime anywhere!

 

New Information Regarding 2018 Holiday Schedule

FREQUENTLY ASKED QUESTIONS ABOUT GIFT DAYS

What is a gift day?

A gift day is a designated paid day that the University may provide to leave benefit eligible employees during the holiday break in December without having to use their own benefit time. A gift day is paid at straight time and does not accrue towards overtime eligibility.

What if it is determined that I am an “essential” employee who must work during the gift day?

Essential employees who are required to work on the gift day may use the gift day on another day within the timeframe identified by the administration and, with supervisor approval. For FY 19, the alternative time-off must be taken by March 31, 2019.

I have requested a sick day for a doctor appointment on a designated gift day. Will I be required to use the gift day?

Yes, unless you are an essential employee, you must use the gift day on that day.

I am scheduled to work on a designated gift day and want to use the gift day on another day. What do I need to do?

You must follow standard protocol with your department for requesting time off and obtain approval from your supervisor.

I am on Family Medical Leave from 12/26 – 1/15 Do I need to use my gift day?

Yes, you are required to use your gift day. The day will be a paid gift day but will still count towards your FMLA leave entitlement.

I am currently on leave, am I eligible for the gift day?

You may be. Please contact Human Resources at benefits@eiu.edu or call 217-581-5825 to discuss your specific situation.

I am a part time employee. Am I eligible for the gift day?

In general, part time employees not accruing benefit time are not eligible to receive the gift day. Please contact Human Resources at benefits@eiu.edu or call 217-581-5825 to discuss your specific situation.

If I call in sick, can I use the gift day?

If the sick day occurs on a designated gift day, the time will be paid as a gift day. If you work on a gift day, and choose to use the gifted day later, you must follow standard protocol for requesting time off, including supervisor approval.

If I am on probation, am I eligible for the gift day?

Yes.

Does the Gift Day expire for essential personnel who work on a designated gift day?

Yes, the gift day used at some other time, must be used no later than a date identified by the administration. For FY19, the last eligible day is March 31, 2019.

I was hired prior to December 31 of the current year to begin work on January 2, 2019. Will I be eligible to receive pay for the gifted day?

No, you must be in pay status and benefit eligible prior to December 26, 2018 to be eligible for the gift day.

 

TIAA Monthly Webinars

Start 2019 off right and help keep your financial goals on track with TIAA's live webinars. Reserve your spot today at www.tiaa.org/webinars

 

The SURS Board of Trustees recently set the effective date for changes to the Money Purchase factors as July 2, 2019.

The changes to the factors are a result of a recent actuarial experience study* which recommended a reduction of the assumed rate of investment return and updated mortality tables to reflect an overall increased life expectancy. An actuarial experience study is required by state statute at least once every three years.

The board voted in March to reduce the long-term assumed rate of investment return from 7.25 percent to 6.75 percent. This rate impacts money purchase factors used in calculating retirement benefits

When SURS calculates a retirement benefit, all eligible calculation types are performed and the annuity is based on the calculation that provides the highest benefit. For members retiring on or after July 2, 2019, under the Money Purchase formula, the change in Money Purchase factors will result in an average five to six percent downward adjustment in their monthly annuity. Members can offset the adjustment by delaying retirement by approximately six to seven months for active participants and nine months for inactive participants.

The changes to the Money Purchase factors will not affect:

  • Current annuitants
  • Survivor benefit recipients
  • Self-Managed Plan members
  • Members who began participation on or after July 1, 2005
  • Members whose benefit is highest under the General Formula calculation

Retirement calculations are unique to each individual member. For this reason, SURS encourages all members who are considering retirement in the next two years and who might be affected by the Money Purchase factor changes to log in to their personal account on the SURS Member Website and utilize the benefit estimator. By calculating estimates for retirement dates before and after the July 2, 2019, effective date, members can gain a clearer picture of how the factor changes could impact benefits.

For more information, read the Money Purchase Factor Change Fact Sheet or view the Money Purchase Factor Video at www.surs.org.

*The purpose of an actuarial experience study is to review the actual experience of the system in relation to the current actuarial assumptions to determine which, if any, of the assumptions need modification to provide better estimates of future liability and asset growth for the System.

Related Pages

Contact Information

Benefits Office

Old Main Room 2020
600 Lincoln Avenue
Charleston IL, 61920

217-581-5825
Fax: 217-581-3614
benefits@eiu.edu


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