News Features

May-29-20 Disability Reevaluation Orders Resume

SURS will resume sending medical recheck requests to disability benefit (DB) and disability retirement annuity (DRA) recipients beginning this week. The requests had been temporarily discontinued due to the COVID-19 pandemic making it difficult to schedule required reevaluation appointments.

 

 

Mailing schedule:

April reevaluation orders will be mailed the week of May 25, 2020.
May reevaluation orders will be mailed the week of June 1, 2020.
June reevaluation orders will be mailed the week of June 8, 2020.

Apr-28-20 SURS Portfolio Designed to Weather Downturn, State Committed to Funding

Since the coronavirus outbreak, markets have been experiencing a period of heightened uncertainty. As a pension member, we understand that can be worrying. However, it is important to know that your pension is a long-term investment. SURS has a diverse investment portfolio specifically designed to protect against market risk and produce steady returns over a long-term period. Member retirement benefits continue to be secure.

Apr-27-20 Benefit Choice Period for Health Insurance is May 1 - June 1, 2020

The FY 2021 Benefit Choice Period to make health insurance changes is May 1 through June 1, 2020. This affects SURS active members as well as annuitants and survivors not enrolled in the Medicare Advantage 'TRAIL' Program. This is the only time of the year, other than when you experience a "qualifying change in status," that you may change your insurance coverage.

Members can view and make changes to their coverage through the MyBenefit’s website at MyBenefits.illinois.gov. Paper enrollment forms are no longer provided.

Apr-24-20 SURS Urges Members to Carefully Read Emails Offering Retirement Counseling

Many SURS members have recently received unsolicited, potentially misleading emails from companies not affiliated with SURS offering retirement counseling. These emails may appear to come from SURS or appear to represent SURS. They do not.

SURS encourages members to be cautious of email solicitations and skeptical of any attempts by outside firms to request personal or financial information.

Please read your emails carefully and respond accordingly.

Apr-23-20 Disability Reevaluation Orders Discontinued Until June 1

The COVID-19 pandemic is making it difficult for disability benefit (DB) and disability retirement annuity (DRA) recipients to see their physicians for required reevaluation appointments. As a result, effective April 1, 2020, SURS will discontinue issuing medical reevaluation requests to our DB and DRA recipients until June 1,2020.  

SURS will NOT be suspending monthly benefits for non-compliance of outstanding medical reevaluations and/or requests for medical records. 

Apr-09-20 SURS SMP Redesign Postponed

Over the last year, SURS staff has been working diligently to redesign the Self-Managed Plan (SMP) by adding new options and enlisting a new record keeper, all to benefit members. The rollout of the new plan was scheduled for June 1. However, due to the COVID-19 outbreak and current economic uncertainty, we have decided that June 1 is too soon to introduce a new plan and move member assets.  Therefore, the decision has been made to postpone implementation to Sept. 1, 2020.  

Advantages of the redesigned Self-Managed Plan will include:

Mar-31-20 COVID-19 Update

At SURS we have adopted and adapted to new working conditions, but our members will see the same excellent service, delivery of benefits and fiduciary responsibility they have come to expect and deserve.

Although our offices are closed to the public and most of our staff is working from home to protect their health, we are providing full service to our members. All services and resources are available to members, except in-person contacts. Our staff has risen to the work challenges caused by the coronavirus outbreak and will continue to change and adapt when necessary.

Mar-12-20 Hendrie Appointed to SURS Board

Gov. Pritzker has appointed Scott Hendrie of Savoy to serve on the State Universities Retirement System (SURS) Board of Trustees.

Hendrie is vice president of finance and treasury at the Carle Foundation, serving on both their Retirement Plan and Health and Welfare Committees. He is a member of the Carle Illinois College of Medicine Joint Liaison Committee and a Board Observer for Ascension Ventures IV, L.P. Previously, he worked for First Busey Corporation, a financial holding company, for 15 years.

Feb-25-20 SURS February Newsletter Available Now

Check out the latest SURS information including enhancements coming to the Self-Managed Plan in June, a new supplemental savings plan starting in September and more.

Feb-04-20 1099-R Mailing Update

SURS recently completed its paper mailing of the 2019 IRS Form 1099-R to each member or beneficiary who received a distribution in 2019.

Unfortunately, shortly after the forms were mailed an error was discovered with respect to Box 2b “Total Distribution.”

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