|Jul-03-13||IBM System Storage N3240 Model A24 or NetApp Equivalent||
The State Universities Retirement System (SURS), 1901 Fox Drive, Champaign, IL 61820, is seeking bids for an IBM System Storage N3240 Model A24 or NetApp equivalent, including installation and setup services. Detailed information may be found at www.surs.org. Businesses owned by minorities, women, and persons with disabilities are encouraged to submit bids.
|Jul-03-13||IBM x3550 M4 Servers and DataRam Memory||
The State Universities Retirement System (SURS), 1901 Fox Drive, Champaign, IL 61820, is seeking bids for IBM x series Servers. We are also seeking bids for DataRam memory. You may bid on either or both requests. Detailed specifications may be found at www.surs.org. Businesses owned by minorities, women, and persons with disabilities are encouraged to submit bids.
|Jun-20-13||Securities Litigation Counsel RFP||
The State Universities Retirement System of Illinois (SURS) is soliciting proposals to provide securities litigation monitoring and evaluation services for SURS. Such services would be related to issues arising from SURS' interests in matters of securities litigation, whether under the PSLRA or otherwise (including potential actions involving securities purchased on foreign stock exchanges located outside the United States, as well as independent securities actions based on state law fraud claims).
|Jun-14-13||General Assembly to Meet June 19||
Illinois General Assembly Special Session Scheduled for June 19
Governor Quinn has called General Assembly members back to Springfield on June 19 for a Special Session.
|Jun-07-13||New SURS Chairperson Appointed||
Champaign, IL – On June 4, 2013, Governor Pat Quinn announced the appointment of Lindsay Anderson to head the Illinois Board of Higher Education. According to the Illinois Pension Code, Anderson will also serve as chairperson of the State Universities Retirement System (SURS) Board of Trustees.
|Jun-07-13||Legislative Session Update||
The General Assembly adjourned Spring Session on May 31. Learn where key pension reform legislation stands.
|Jun-07-13||SURS FY 2014 Funding Approved||
HB 206, which appropriates $1.5 billion to SURS for the coming fiscal year, was passed by the General Assembly.
|May-23-13||New Retiree Health Plan Rates||
The State of Illinois has released Retiree Health Plan Contribution Rates for Fiscal Year 2014.
SURS’s annuitants with less than 20 years of creditable service credit are required to share in the cost of their State of Illinois Insurance. All affected SURS annuitants will receive a letter and a chart outlining the contribution rates for FY 2014 (effective July 1, 2013).* The rates are based upon the number of years of creditable service credit each member has with SURS, as well as their Medicare status.
|May-23-13||Pending Pension Reform Legislation||
On May 2, 2013, the Illinois House passed Senate Bill 1, their version of comprehensive pension reform legislation. The bill is sponsored by Speaker of the House Michael Madigan. On May 9, 2013, the Senate passed SB 2404, a less aggressive pension reform bill sponsored by Senate President John Cullerton. Both bills would affect SURS’s members and annuitants. To read details click on the corresponding button.
|May-02-13||Annuitant Health Insurance Cost||
Beginning July 1, 2013, per Public Act 97-0695, all SURS retirees, annuitants and survivors covered under the State of Illinois Group Health Insurance Program, will be charged a percentage of their combined annuities from all five state retirement systems to cover the cost of health insurance benefits. CMS will be mailing a letter dated May 1, 2013 that will provide details of how this amount is calculated. In addition, the letter contains helpful illustrations of contributio