|Dec-29-16||Repaying Survivor Refunds to Restore Survivor Benefits||
On July 29, 2016, Public Act 99-0682 was signed into law allowing certain Traditional Plan annuitants the opportunity to repay their survivor refunds taken at retirement in order to make survivor benefits available to their spouse/civil union partner. Eligible SURS retirees may restore their survivor's benefits by making a one-time, irrevocable election to repay their lump-sum survivor contribution refund or additional annuity, with interest.
To be eligible, a SURS annuitant must meet the following requirements:
|Oct-17-16||SURS Board of Trustees Names New Director||
The State Universities Retirement System (SURS) Board of Trustees has selected Martin Noven as the new executive director of the $18 billion state pension fund. Noven’s appointment becomes effective November 2, 2016.
|Oct-06-16||Medicare Advantage Open Enrollment||
The state of Illinois offers annuitants and survivors a healthcare program called Total Retiree Advantage Illinois (TRAIL). This program provides eligible members and their covered dependents comprehensive medical and prescription drug coverage through Medicare Advantage plans (commonly referred to as "MAPD" plans). The State of Illinois Group Insurance Program also includes vision coverage and optional dental and life insurance coverage.
|Sep-30-16||State Switching to Electronic Insurance Forms via Third-Party Vendor Website||
Effective September 30, 2016, the State Universities Retirement System’s (SURS) assistance with the enrollment of all member, retiree and survivor health insurance coverage will change.
|Sep-12-16||Cloud-based Contact Center Infrastructure Services||
The State Universities Retirement System of Illinois (SURS) is seeking a qualified provider of Cloud-based Contact Center Infrastructure Services to replace existing contact center technology. The goal is to improve contact center performance as well as customer satisfaction. Scheduled implementation is planned for early 2017.
|Jul-28-16||SURS July Newsletter Available||
The July Advocate is now available online, featuring articles on our electronic check stubs, our 75th anniversary, the employer services team, executive director and CIO searches, investments, the Self-Managed Plan, legislation and upcoming webinars and seminars.
|Jul-01-16||Governance Risk Compliance Consultant Services||
The State Universities Retirement System of Illinois (SURS) requests proposals from an individual/firm to provide a Governance Risk Compliance Assessment (GRC) for the purpose of assessing strategic and operational risks in all areas of operations at SURS. SURS is requesting the development of a GRC framework that will coordinate with its Internal Audit Program and Compliance Programs.
|Jun-13-16||Private Equity Fund of Funds Advisory Services||
The State Universities Retirement System of Illinois (SURS) is seeking proposals from qualified firms interested in providing global, diversified Private Equity Fund of Funds advisory services.
|Jun-09-16||SURS Discontinuing Paper Check Stubs||
SURS July 2016 benefit payment notifications (check stubs) will be mailed at the end of June. It will be the final time most members will receive a paper check stub. Beginning in July, all members who have a valid email address on file with SURS and who receive payment through direct deposit will receive an electronic notification when a payment has been issued. The notice will direct members to log in to their secure Member Website to view their payment details.
|May-16-16||Illinois Legislature Honors SURS on 75th Anniversary||
On May 3, SURS was presented with a legislative resolution and certificates of recognition from the Illinois House and Senate commemorating the System's 75th anniversary.