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.
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.
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.
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.
The SURS Board of Trustees recently set the effective date for changes to the Money Purchase factors as July 2, 2019.
SURS is currently not moving forward with the implementation of the optional hybrid plan created under PA 100-0023.