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Human Resource Services

Tuesday, 04/22/2014

Reminder - Pension Reform Seminar April 24, 2014


NIU Pension Reform Seminar (PA98-599)

April 24, 2014

Carl Sandburg Auditorium

10:00 a.m. - 12:00 noon

UNDERSTANDING THE CHANGES AND HOW THEY IMPACT YOU

A SURS Retirement Counselor will present an overview of changes to SURS benefits based on PA 98-599 (SB1) that was signed by Governor Quinn December 5, 2013. This presentation will be most beneficial for SURS Tier I members. Tier I members are members who first began participation in SURS or another reciprocal system prior to 1/1/11. Items discussed will include:

  • Employee Contributions
  • Retirement Age Eligibility
  • Maximum Pensionable Earnings Cap
  • Effective Rate of Interest
  • Money Purchase Actuarial Changes
  • Automatic Annual Increase (AAI)
  • New Defined Contribution Plan
  • Funding Changes

SURS recommends members bring a copy of their 2013 Benefit Summary Statement to the presentation. Members can print this statement from their member account at www.surs.org.

Because of the high level of interest in this seminar and a large anticipated in-person turnout, a monitor will be placed in the Regency Room to accommodate possible room overflow. Additionally, arrangements are being made to live stream the seminar over the internet. The details of the streaming access will be announced closer to the date of the seminar in the NIU Today and on the NIU main webpage.

Additional information about SURS seminars and information resources can be accessed at: http://www.surs.com/news-article/021314/learn-facts-about-pension-reform

SURS recommends members bring a copy of their 2013 Benefit Summary Statement to the presentation. Members can print this statement from their member account at www.surs.org.

To print your 2013 SURS Benefit Summary Statement:

  1. Go to www.surs.org and sign in to Member Login.  If you haven’t registered before you will need to complete the registration process first.
  2. On the right hand side of the screen is a Quick Link menu. Click on the Benefit Summary Statement button.
  3. It will default to your last Benefit Summary Statement which is the 2013 statement.  You can view/print any of your past statements by selecting the statement year desired.
  4. To print the 2013 statement, click on the Printer Friendly Page link to print.

A notification was sent to all NIU employees concerning the availability of on-campus SURS counseling sessions on April 23 and 24, 2014.

We understand the perspective of all of our employees in working through the scope and complexity of the pension reform amendments. We will make every effort to assist you in obtaining the most recent information as provided by SURS. If you have inquiries that NIU can assist with, please feel free to contact Human Resource Services at (815) 753-6000.




Contact Us

Main Location
1515 West Lincoln Highway
DeKalb, IL 60115
815-753-6000

Campus Service Center
Swen Parson 110
DeKalb, IL 60115
815-753-6000

Affirmative Action and Diversity Resources
1515 West Lincoln Highway
DeKalb, IL 60115
815-753-1118

Payroll/Compensation
1515 West Lincoln Highway
DeKalb, IL 60115
815-753-6000

Benefits
1515 West Lincoln Highway
DeKalb, IL 60115
815-753-6000

Employee Assistance
Holmes Student Center Room 709
DeKalb, IL 60115
815-753-9191

Student Employment
Swen Parson 232
DeKalb, IL 60115
815-753-1394