Retirement Savings Plans

City Colleges of Chicago offers valuable retirement savings plans.

City Colleges of Chicago employees are required to participate in the State Universities Retirement System (SURS). Employees contribute 8% pre-tax savings to SURS in lieu of contributing to Social Security. Within six months of hire, new members of SURS must choose from 3 retirement plans. For additional information, visit SURS at www.surs.org.

City Colleges of Chicago offers voluntary 403(b) and 457(b) retirement savings plans which are valuable tax-advantaged retirement savings plans. Employees may contribute up to the annual IRS maximum contributions set each year. TSA Consulting (TSACG) is the administrator for the 403(b) and 457(b) plans at City Colleges of Chicago. As a new participant, you can enroll in the 403(b) and/or 457(b) Plans at any time. For more information on 403(b) and 457(b) savings plans offered through City Colleges, visit the 403(b) and 457(b) Retirement Savings Plans page.

How to Participate

To Enroll, follow the steps below:

Step 1: Open an account

To open an account with one of the Authorized Investment Providers, contact the vendor directly.

Step 2: Submit a Salary Reduction Agreement

In order to sign up, you will need to submit your salary reduction agreement online through the website for CCC Employees. Additional Information on accessing and completing the forms online can be found here.

Step 3: Review the confirmation
You will receive an email confirmation of your requested transaction.

If you have any questions about the CCC Retirement Savings Plans, contact TSA by phone at (888) 796-3786 or visit TSA’s dedicated website for CCC employees.

Changing Salary Reductions

Current participants can increase, decrease, resume or discontinue contributions at any time. Go to Step 2 above for directions. It may take up to two pay periods for the change to take effect.