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STATE UNIVERSITIES RETIREMENT SYSTEM P.O. Box 2710 Champaign, IL 61825-2710 Telephone 1 (800) 275-7877 or (217) 378-8800 RETIREMENT CHOICE ELECTION FORM Instructions: Print or type all required information.
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How to fill out surs retirement choice election
How to fill out surs retirement choice election?
01
Obtain the necessary forms: Visit the SURS website or contact their office to obtain the retirement choice election form.
02
Read the instructions carefully: Before filling out the form, carefully read the instructions provided. This will ensure that you understand the process and can accurately complete the form.
03
Provide personal information: Fill in your personal information such as your name, address, phone number, and social security number. Make sure all information is legible and accurate.
04
Select retirement plan: Choose the retirement plan that best suits your needs. Evaluate the options available and select the plan that aligns with your retirement goals.
05
Nominate beneficiary: Indicate your nominated beneficiary, who will receive the benefits in case of your death. Provide their full name, relationship to you, and their contact information.
06
Indicate annuity option: Select the annuity option that corresponds to your retirement plan choice. An annuity option determines how you will receive your retirement benefits, whether it's as a monthly payment or a lump sum.
07
Review and sign the form: Carefully review all the information filled in the form for accuracy. Once satisfied, sign and date the form as required.
Who needs surs retirement choice election?
01
Employees eligible for retirement benefits: Any employee who is a member of the State Universities Retirement System (SURS) and is eligible for retirement benefits needs to complete the retirement choice election.
02
Employees nearing retirement age: Individuals who have reached the age of retirement or are planning to retire in the near future are required to fill out the retirement choice election form to select their desired retirement plan.
03
SURS participants undergoing a life event: If a SURS participant experiences a life event, such as marriage, divorce, or birth/adoption of a child, they may need to update their retirement options by completing the retirement choice election form.
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What is surs retirement choice election?
The SURS (State Universities Retirement System) retirement choice election is a form that allows members of SURS to choose their retirement plan options.
Who is required to file surs retirement choice election?
All employees who are eligible for SURS benefits are required to file a retirement choice election.
How to fill out surs retirement choice election?
To fill out the SURS retirement choice election, employees must carefully review the options provided and select the plan that best suits their needs. They then need to complete the form with their personal information and submit it to SURS.
What is the purpose of surs retirement choice election?
The purpose of the SURS retirement choice election is to give employees the opportunity to choose the retirement plan that aligns with their financial goals and preferences.
What information must be reported on surs retirement choice election?
The SURS retirement choice election form requires employees to report their personal information such as name, address, employment details, and their selected retirement plan.
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