|Sep-13-18||New Law Allows CIP Eligible Members to Opt Back Into Plan||
On Aug. 22, 2018, SB 3046 was signed into law by Gov. Bruce Rauner, amending legislation to allow former Community College Insurance Program members and their dependents who previously opted-out of their health benefits plan, to opt-back-in during an open enrollment period or other qualifying enrollment opportunity.
|Sep-11-18||Project Manager Resource||
The State Universities Retirement System of Illinois (SURS) is requesting a combined, fixed-price proposal for the delivery of Project Management services . Specifically, we require a project manager resource to help with the execution of a mission critical project. This includes all business requirements gathering/scoping, task delivery oversight, meeting coordination, quality testing and status reporting as required. All SURS project staff will be located at headquarters, 1901 Fox Drive in Champaign, Illinois.
|Aug-01-18||Plan Choice Webinar - Tier II||
This webinar is for Tier II members who have not yet made a retirement plan choice. Tier II members are SURS participants who first begin their SURS (or other eligible Illinois reciprocal system) participation on or after January 1, 2011. The webinars are normally held on the last Tuesday of each month. See dates below.
|Jul-31-18||SURS July Newsletter||
The July Advocate is now available online, featuring articles on the board of trustees election, upcoming optional buyout plans, Money Purchase Factor changes, SURS asset liability study, investments, SURS IT team, and fall webinars and seminars.
The State Universities Retirement System of Illinois (SURS) requests proposals from qualified firms to provide transition management services. SURS is issuing the RFP for due diligence purposes, to ensure its receipt of quality services in a cost-effective manner.
|Jun-12-18||State Budget Includes Pension Code Changes that Affect SURS Members||
On June 4, a full-year state budget for FY 2019 was signed into law by Gov. Rauner. The actual budget bill (PA 100-586) appropriates $1,585,109,800 for SURS’ annual required state contribution. The certified FY 2019 state contribution to SURS is $1,655,154,000.
|Jun-06-18||Money Purchase Factor Change Webinar||
The SURS Board of Trustees recently set the effective date for changes to the Money Purchase factors as July 2, 2019.
This webinar will provide background information on the Money Purchase calculation as well as an explanation on the effects of upcoming changes.
The changes to the Money Purchase factors will not affect:
|May-04-18||SURS Members Elect New Trustees||
Steven Rock and Collin Van Meter have been elected to serve on the State Universities Retirement System (SURS) Board of Trustees by the System’s active members. John Engstrom was elected to serve as an annuitant trustee. Their six-year terms begin July 15.
|May-03-18||Operational Review of Public Pension System||
The State Universities Retirement System of Illinois (SURS) is seeking proposals from qualified candidates and eligible organizations for an operational review of the SURS organization. SURS strives to provide high quality, cost-effective and efficient service to its members and stakeholders.
|Apr-30-18||Benefit Choice Period for Health Insurance is May 1 -31, 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. 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.