The retirement benefit is known, based on specific formulas. SURS hires and supervises professional investment managers. Members get a guaranteed minimum benefit. Disadvantages For younger members, it may take many years of service to build a large benefit. Members with short service, or those who expect to leave their job soon, will not earn a large benefit.
Members have no control over account investment decisions.
Prefer no involvement with your account. Members can transfer balances to other Defined Contribution plans should they change employers Members have control over investment decisions. There is no limitation on maximum benefit. Disadvantages Members bear the investment risk and therefore should monitor their investments. The benefit is not known until retirement.