SURS

New Retiree Health Plan Rates

Bill Gutierrez — Thu, 23 May 2013 22:27:57 +0000

The State of Illinois has released Retiree Health Plan Contribution Rates for Fiscal Year 2014.

Investment Consulting Search

Tracy Childress — Fri, 10 May 2013 18:22:37 +0000

The State Universities Retirement System is requesting proposals from investment consulting firms.

Benefit Choice Period is May 1-31

Bill Gutierrez — Wed, 01 May 2013 16:45:17 +0000

The Fiscal Year 2014 Benefit Choice Period is May 1 through May 31, 2013, for all SURS members. This is the only time of the year, other than when you experience a "qualifying change in status," that you may change your coverage.

Pending Pension Reform Legislation

Bill Gutierrez — Thu, 23 May 2013 22:22:14 +0000

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 buttom.

Annuitant Health Insurance Cost

Bill Gutierrez — Thu, 02 May 2013 15:30:15 +0000

CMS to send letter to SURS annuitants regarding additional State health insurance premium.

SURS Board Approves Fixed-Income Asset Class Structure Analysis

Bill Gutierrez — Tue, 02 Apr 2013 18:42:06 +0000

The State Universities Retirement System (SURS) Board of Trustees on March 13, 2013, voted to approve recommendations from the recently completed Fixed Income Asset Structure Analysis. The modifications approved are designed to create a tiered, equal-weight strategy of investment manager allocations, and increase utilization of Minority-, Female-, and Persons with a Disability-Owned (MFDB) investment firms.

April Newsletter Now Available

Bill Gutierrez — Fri, 29 Mar 2013 16:10:55 +0000

The Legislative Advocate is now available. Learn more about recent pension legislation.

SURS Board Selects Real Estate Managers

Bill Gutierrez — Wed, 13 Mar 2013 03:06:05 +0000

The State Universities Retirement System (SURS) Board of Trustees approved the selection of core real estate managers J.P. Morgan and Heitman at their February 14, 2013, meeting in Chicago.

The System awarded $150 million each to J.P. Morgan’s JPMCB Strategic Property Fund and the Heitman America Real Estate Trust (HART). The search process began in September 2012.

FY 2014 Benefit Fairs Scheduled

Bill Gutierrez — Fri, 08 Mar 2013 22:14:39 +0000

CMS has scheduled statewide Benefit Fairs. Health, dental, vision and life insurance providers will be on site.

March Newsletter Now Available

Bill Gutierrez — Mon, 04 Mar 2013 22:22:04 +0000

The Technology Advocate is now available. Learn more about electronic services and educational webinars.