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EIU Benefit Services

State Universities Retirement System

As a status university employee, you pay into the State University Retirement System (SURS) instead of Social Security. This may affect your future social security benefits due to the Windfall Elimination Provision. 


Retirement Plans

As a new employee, you have six months from your first day of employment to select your retirement savings plan:

This is a very important decision and once you select a plan, the selection is irrevocable. If you do not selected a plan within the first six months, you will default into the tradition plan.

To make the selection you can either:

  1. Go online to and click on the Member Login button to access, complete, and electronically sign the Retirement Choice Election form
  2. You may fill out the enclosed form sent to your home address and return it to SURS in the self-addressed envelope 


Retirement Resources

If you are eligible to retire within the next four years, you may schedule a one-one-one session with a SURS counselor. To schedule a counseling session, call 1-800-275-7877.



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

*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

Fax: 217-581-3614

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