How do I contact Urs?
URS Telephone Numbers
| DEPARTMENT |
LOCAL PHONE |
TOLL FREE |
| Operator |
801-366-7700 |
800-365-8772 |
| Southern Utah Office |
435-673-6300 |
800-950-4877 |
| For Numbers Not Listed Above |
801-366-7700 |
800-365-8772 |
| PEHP Health & Benefits |
801-366-7500 |
800-365-8772 |
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Can you buy years of service from URS?
When you're ready to act and need an exact cost, file an APPLICATION FOR PURCHASE OF FUTURE SERVICE CREDIT with URS no earlier than 90 days before your proposed retirement date. Plan ahead: It may take up to 45 days to give you an exact cost. credit may allow you to retire earlier than you otherwise would.
What is retirement age in Utah?
You qualify for a monthly retirement benefit if you are: —65 with 4 years of service. —62 with 10 years of service. —60 with 20 years of service. —Any age with 25 years of service with full actuarial age reduction.
How does the Utah retirement System work?
Utah Retirement Systems administers a defined benefit plan intended to provide a meaningful retirement benefit to employees who have chosen a career in public service. It's a qualified tax-deferred plan under Internal Revenue Code Section 401(a). The laws governing this retirement system are set forth in Utah Code Ann.
Can you collect Social Security and SURS?
Do I also pay Social Security taxes while I am in SURS? Social Security taxes will not be withheld from your SURS earnings. SURS participants are not eligible for Social Security coverage based on their employment with a SURS-covered employer.
Is SURS a good pension?
Among the many wonderful benefits of your new position, you are now eligible to participate in the State Universities Retirement System, also known as SURS. It is a great benefit where you and the university you work for contribute to your future retirement.
What is the best SURS plan?
If you are new to SURS, you must decide which of our three plans – Traditional, Portable, or Retirement Savings Plan (RSP) – is the best choice for your retirement fund. This is a one-time, irrevocable selection.
Is SURS a tax deferred retirement plan?
The SURS Deferred Compensation 457 Plan (SURS DCP) is another voluntary option for making tax-deferred or Roth contributions for actively contributing SURS employees. The minimum contribution is $10 per pay period or 1% of your gross pay per pay period.
Where can I find my SURS member ID?
How to Retrieve Your Member ID Number
- Call us at 800-275-7877 and press 5 or.
- Check your retirement estimates or any other piece of personalized written communication mailed to you from SURS.
How is SURS retirement calculated?
How is the SURS Money Purchase Formula calculated? The Money Purchase Formula is based on the employee's normal retirement contributions and interest, and an imputed employer (State of Illinois) contribution. This total dollar amount is then divided by an age annuity conversion factor, determined by the SURS actuary.
Is SURS a government pension?
Unlike many other public pension systems, SURS is the sole source of retirement income for its participants. The state/employer does not contribute to Social Security on the employee's behalf and there is no coordinated benefit for SURS-covered employment from Social Security upon retirement.