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Advocate Cover 2015 February Newsletter Now Available February 20, 2015

The February Advocate is now available online, featuring articles on the board of trustees election, SURS investment team, the Self-Managed Plan, legislation passed during veto session, Money Purchase Factor changes, and our 2014 Employee of the Year.

Calculation Image New Money Purchase Factors Effective Date Set February 18, 2015

The SURS Board of Trustees recently set the effective date for changes to the Money Purchase factors as January 4, 2016.

gavel Retiree Health Insurance Premiums Class Action Lawsuit Information January 29, 2015

Affected SURS members will soon receive a letter and form explaining their rights and opt-out option in the “percent of annuity” insurance premium settlement (i.e., Kanerva v. Weems).

SURS 2014 Annual Report Cover SURS 2014 Annual Report Released January 27, 2015

SURS has posted its 2014 Comprehensive Annual Financial Report. The 104-page report outlines the System’s financial statements, investment results, funding analyses, and benefit payments.

judge and gavel Circuit Judge Finds Pension Reform Unconstitutional November 21, 2014

Sangamon County Circuit Court Judge John Belz today sided with state workers and retirees finding P.A. 98-599 unconstitutional. The state has 30 days to appeal directly to the Illinois Supreme Court.

TRAIL LOGO Medicare Advantage 2014 Open Enrollment Information November 20, 2014

The State of Illinois offers annuitants and survivors a healthcare program called Total Retiree Advantage Illinois (TRAIL). The 2015 plan year started January 1, 2015, and will run through December 31, 2015.

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