Retirement Education
SURS Plan Options
Upon becoming employed at McHenry County College, eligible participants must complete and submit the Retirement Choice Election Form within the 6-month deadline. If you do not make an election within this time frame, you will be placed permanently in the Traditional Plan. SURS has developed documentation that will assist you in choosing which plan bests suits you and your individual needs.
There are three plans to choose from:
All three plans are tax-deferred (contributions and earnings) meaning that you do not pay any income tax on these amounts until you withdraw from the funds.