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January Advocate Cover SURS January Newsletter Available January 31, 2017

The January Advocate is now available online, featuring articles on our new executive director, the legal and legislative team, employee of the year, investments, the Self-Managed Plan, legislation and upcoming webinars and seminars.

Group of people Credit granted for furlough and voluntary pay reduction December 30, 2016

On Aug. 26, 2016, PA 99–0897 was signed into law allowing certain SURS participants to establish service and earnings credit for periods of furlough or periods of voluntary pay reduction taken in lieu of furlough. Read more.

repayment of survivor refund image Repaying Survivor Refunds to Restore Survivor Benefits December 29, 2016

Beginning Dec. 29, 2016, certain Traditional Plan annuitants have the opportunity to repay their survivor refunds in order to make survivor benefits available to their spouse/civil union partner.

Martin Noven SURS Board of Trustees Names New Director October 17, 2016

The State Universities Retirement System (SURS) Board of Trustees has selected Martin Noven as the new executive director of the $18 billion state pension fund. Noven’s appointment becomes effective November 2, 2016.

Medicare Advantage Image Medicare Advantage Open Enrollment October 6, 2016

The State of Illinois TRAIL Medicare Advantage open enrollment period for participating annuitants and survivors is October 14 – November 15, 2016. The 2017 plan year will begin January 1, 2017, and will run through December 31, 2017.

Health Insurance Change Image State Switching to Electronic Insurance Forms via Third-Party Vendor Website September 30, 2016

Effective September 30, 2016, the State Universities Retirement System’s (SURS) assistance with the enrollment of all member, retiree and survivor health insurance coverage will change.

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