11/30/2021
For highly paid staff, federal contribution limits will impact liability amounts. Specifically, participants in SURS hired after 7/1/96 are subject to the 401a(17) earnings limit which is set at $265,000 for fiscal year 7/1/16-6/30/17. For employees subject to the limit, contributions to SURS are limited to earnings up to the 401a(17) limit. Therefore, the maximum liability would be calculated on earnings up to $265,000.
Group (Subgroup): Retirement
Tag(s): Surs 6% Bills
Southern Illinois University Edwardsville is authorized to operate as a postsecondary educational institution by the Illinois Board of Higher Education.
