The University of Illinois also contributes to the retirement fund for each employee. The deduction from the employee's gross pay is pre-tax and will not appear on the W2 form.
Employees now have the option of the type of account they have their money deposited into.
The three options are the traditional, the portable and the self -managed. All new employees have 60 days to make their election or they are defaulted to the traditional plan. For more information regarding these plans you should contact SURS or the Benefits Center .