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State Budget Includes Pension Code Changes that Affect SURS Members
June 12, 2018
The FY 2019 state budget includes an accelerated pension buyout option for vested, inactive members; a 3 percent automatic annual increase (AAI) buyout option for Tier I members; and increased employer contributions for employee raises over 3 percent. |
SURS Members Elect New Trustees
May 4, 2018
Steven Rock and Collin Van Meter have been elected to serve on the SURS Board of Trustees by the System’s active members. John Engstrom was elected to serve as an annuitant trustee. |
Benefit Choice Period for Health Insurance is May 1 -31, 2018
April 30, 2018
The FY 2019 Benefit Choice Period to make health insurance changes is May 1 through May 31, 2018. This affects SURS active members as well as annuitants and survivors not enrolled in the Medicare Advantage 'TRAIL' Program. |
TRAIL/SEGIP Enrollees - Special Dental Only Benefit Choice Period
April 30, 2018
A special Dental Only Benefit Choice Enrollment Period will be available to SURS members enrolled in the State Employees Group Insurance Program and Medicare Advantage TRAIL during May 1-31. |
New Money Purchase Factors Effective Date Set
April 30, 2018
The SURS Board of Trustees recently set the effective date for changes to the Money Purchase factors as July 2, 2019. |
Update on Optional Hybrid Plan
April 2, 2018
SURS is currently not moving forward with the implementation of the optional hybrid plan created under PA 100-0023. |