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Retirement

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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 University of Illinois Systems Human Resources website Retirement and Investment Plans page.

Retirement planning at UIC has gone virtual making information and links available 24/7 as you prepare for your retirement from UIC. Below you will find timelines and links to important websites and action items for you to complete to support your post-working days.

SURS Money Purchase Factor Changes
For SURS members who first became participants on or after July 1, 2005.
The Money Purchase factors used to determine monthly annuity benefits will change July 2, 2022.
Click here for more information.

Save the Date for Retirement Celebration - June 13, 2022

Each year, UIC hosts a special event to celebrate faculty and staff who retired from University service between August 16th and August 15th of the previous year. For further information about this year’s event, visit the Retirement Recognition page.

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.

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Planning for retirement starts early.

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Representatives from TIAA and Fidelity, the investment companies for the University’s 403(b) Plan, offer free one-on-one counseling sessions for University of Illinois System employees.

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System Human Resource Services (SHRS) offers various resources and information in the Retirement & Investment Plans section of their website.

Information for all seminars being offered throughout the University of Illinois System can be found at

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