As a status university employee, you pay into the (SURS) instead of Social Security. This may affect your future social security benefits due to the Windfall Elimination Provision.
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 Traditional plan. Status employee contribute 8% of earning to SURS.
How to make your election:
As an employee, you have the opportunity to invest in voluntary tax-deferred retirement options. Your options include 403(b) and 457. For more information on additional retirement saving plans, please go to the "Retirement" drop down tab to "Voluntary Tax-Deferred Retirement".
Old Main Room 2020
600 Lincoln Avenue
Charleston IL, 61920
217-581-5825
Fax: 217-581-3614
benefits@eiu.edu