Retirement
The University of Illinois offers a comprehensive retirement package to help employees plan for future financial stability. This includes participation in the State Universities Retirement System (SURS) and two optional retirement plans: 403(b) and 457(b).
For information about retirement and investment plans, as well as additional planning tools and information, visit the Retirement and Investment Plans page.
Many of the benefits eligible to current UIC employees transfer over after retirement. The UIC Retirement Guide outlines the opportunities and services available to retirees. Benefits include a University Retiree ID card, library access, discounted access to events and activities, financial services, and continuing education.
Please see the UIC Retirement Guide for a full description of services.
Each spring, UIC holds its annual Retirement Luncheon & Ceremony recognizing faculty and staff who retired from University service between August 16th and August 15th of the previous year. For further information about the luncheon, visit the Retirement Recognition page.
The 2020 Retirement Luncheon will be held on Thursday, March 5, 2020 at the Isadore and Sadie Dorin Forum (formerly known as the UIC Forum). Invitations will be sent to retirees by US Post in January 2019. Registration is required.
Before retiring, it is important to update personal contact information. Visit the My Profile page in My UI Info to update home address, phone number, and personal email address .
**Please note that an employee’s work email address (@uic.edu and @uillinois.edu) will expire shortly after retirement from the University.
To change an address for W-2 or payroll needs, visit the OBFS/University Payroll & Benefits site at W2 Address Change Page.
The in-person 2021 Retirement Seminars scheduled for Wednesday, April 21 and Thursday April 22 have been cancelled due to the pandemic. All information that would have been provided at the seminars has been updated and is available onlline to interested employees. Employees may click on the underlined portion of the text to obtain the information.
Presentations
FIDELITY
Fidelity webcasts can be found at the following URL: www.Fidelity.com/webcasts
Fidelity has advised UIC that they have moved to by-phone 1:1 consultation.
To register for a consultation, please see the following directions online or call 800-642-7131.
SURS
SURS has a recording of their presentation available as a webinar on their website that employees can access at any time: https://www.surs.org/understanding-your-surs-benefits-webinar
For one on one consultations or to speak with a representative, please contact SURS and 800-ASK-SURS.
TIAA
TIAA webinars can be found at the following URL: http://www.tiaa.org/webinars.
To register for TIAA Counseling use the URL below:
https://shared.tiaa.org/public/publictools/events/meetingatworkplace?employerId=1-5OBP-14 or call to set up an appointment at 800-732-8353.
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- Presentation – UIC Human Resources
- Presentation – University Payroll and Benefits (UPB)
- Presentation – UIC SUAA, the UIC Chapter of the State Universities Annuitants Association (SUAA)
- Handout – Employee Self-Exit Checklist
- Handout – Websites of Interest for Retirees
- Handout – 2021 Medicare Costs
- Handout – Benefit Options at SURS Retirement
- Handout – Social Security Administration – How to Apply Online for Benefits
- Handout – Social Security Administration – Government Pension Offset
- Handout – Social Security Administration – Your SSA Retirement Checklist
- Handout – Social Security Administration – Windfall Elimination Provision
System Human Resource Services (SHRS) offers various resources and information in the Retirement & Investment Plans section of their website.
Free Retirement Planning Seminars are also offered by System Human Resource Services (SHRS) in the spring and fall of each year. These seminars provide information about SURS, as well as the University of Illinois Supplemental 403(b) Retirement Plan. The SURS and 403(b) representatives will lead the seminar discussions.
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A) A minimum requirement of 60 days after separation from the University is required before any former employee may return to work in any capacity for the University. In addition, state laws set specific limits on the return to work of retirees. Please contact UIC Human Resources for details at uichrservicecenter@uillinois.edu.
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A) Retiree must contact www.surs.org for personal earnings limitations. However, the exact wages of a rehired retiree must be determined by the hiring unit and is contingent upon several factors including but not limited to the type of work, prospective earning, duration of employment and source of funding.
The UIC Retirement Planning Seminars are typically offered annually each spring to provide information and resources to staff and faculty who are planning to retire in the next one to five years. The seminars are traditionally held two weekday mornings in April. One seminar will be held at Student Center West, and one will be offered at Student Center East.
Seminars include:
- Presentations by SURS the State Universities Retirement System (SURS); UIC Human Resources; University Payroll and Benefits (UPB); and UIC SUAA (the UIC Chapter of State Universities Annuitants Association)
- Vendor Information Fair – Representatives from the following vendors and retirement resources will be on hand to answer questions and provide information.
- SURS – State Universities Retirement System
- UPB – University Payroll and Benefits
- UIC SUAA – the UIC Chapter of State Universities Annuitants Association
- Fidelity Investments
- TIAA
At the seminars, vendors have general information to offer.
For individual retirement benefit details, employees are encouraged to schedule one-on-one retirement counseling appointments with the specific vendors. Please visit the Retirement & Investment Plan Contacts page to see the various vendor counseling opportunities.