Guide to Retiring from the University of Illinois
When am I eligible to retire?
If participation with SURS first began prior to January 1, 2011:
- Age 55 with 8 or more years of service, with applicable age reduction
- Age 62 with 5 or more years of service
- Any age with 30 or more years of service*
*Not applicable if employment was terminated prior to August 2, 2002
If participation with SURS first began on or after January 1, 2011:
- At age 62 with 10 or more years of service, with applicable age reduction
- At age 67 with 10 or more years of service
View the SURS Retirement FAQs for information regarding when you can retire, what you need to do, and how long it will take.
Should I schedule a one-on-one appointment with SURS?
If you are within 4 years of retirement eligibility and would like to speak with a SURS representative, see Scheduling a Counseling Session with SURS.
What do I need to know before retiring?
View the video for Traditional and Portable Plan Participants on important information you should know before starting the retirement process. Self-Managed Plan (SMP) participants should view the video for Self-Managed Plan Participants
regarding the retirement application process. You may also register to attend a webinar "Understanding Your SURS Benefits" or a Retirement Education Seminar for the Traditional and Portable Plan participants. Additional SURS videos and seminars/webinars are available on the SURS website.
There is also a 60 Day Rule in place regarding returning to work at the University.
Is there a checklist or additional SURS retirement information?
How do I get an estimate of my SURS benefits?
Use the SURS Benefits Estimator to get a "ballpark figure" of your retirement benefit under differing scenarios. You will need your SURS Member ID to use this tool. This estimator is for Traditional and Portable Plan participants only. Self-Managed Plan (SMP) participants are encouraged to contact their fund Provider(s) for benefit estimates.
Is there a checklist to assist with the retirement process?
View the retirement checklist to help with basic planning and preparation.
Urbana Campus Exiting Employee Information/Checklist
Chicago Campus Exit Checklist
Springfield Campus Separation Checklist
Can my vacation or compensable sick leave payout be deferred?
Yes, your Terminal Benefit Payout (TBP) or Leave Payout may be deferred into the 403(b) and/or 457(b) retirement plan with proper planning. To make a deferral upon retirement from the University, contact your campus UPB Benefits Services office on or before 60 days prior to last day of employment to submit a paper election form (electronic Salary Reduction and/or Redirection Agreement cannot be used, a paper form must be submitted). Contact your campus UPB Benefits Services office for assistance in completing and submitting this form. You may use the Monthly or Bi-weekly Terminal Benefits Net Pay Calculator to calculate an estimate of the net pay you will receive upon termination of employment with the University.
How can I access earnings statements and W-2s?
You will have access to self-service in NESSIE for only 3 months after your retirement date. You are encouraged to copy or print your earnings statements for your personal files for future reference. If you receive a W-2 in the mail, please contact your campus UPB Payroll Services office for instructions if your address will change prior to the mailing of form W-2 next January. If you receive your W-2 electronically, you will only have access to NESSIE for 3 months after separation, after this time you should logon to www.eprintview.com to view your W-2. The Employer PIN is 0243; the Log on is your UIN number and the Password is your birth date in the following format 18-Jan-61 (including the dashes).