News Features

May-05-16 Direct Digital Controls for HVAC

The State Universities Retirement System (hereinafter SURS) announces this invitation to bid (ITB) to solicit bids from responsible vendors. The scope of work entails the Installation of Direct Digital Controls, subject to continuing need and availability of funds. The work entails the replacement of existing pneumatic controls for air handling units, VAV boxes, finned tube radiation, and unit heaters as required for a complete and functional system.

Apr-29-16 Benefit Choice Enrollment Period Begins May 1

The Fiscal Year 2017 Benefit Choice Period is May 1 through May 31, 2016, for SURS active members as well as annuitants and survivors not enrolled in the Medicare Advantage 'TRAIL' Program. This is the only time of the year, other than when you experience a "qualifying change in status," that you may change your coverage.

Apr-12-16 Comprehensive Insurance Brokerage Services

The State Universities Retirement System (SURS) is requesting responses from qualified firms interested in providing comprehensive insurance brokerage services to a public pension plan. SURS intends to engage an insurance brokerage firm to assist in obtaining all necessary business insurance coverage (with the exception of employee health and dental insurance) and to serve as our consultant with respect to risk management issues and other insurance related matters.

Mar-23-16 Self-Managed Plan Webinars

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These webinars are for Self-Managed Plan participants who are new to the SURS System or just want information regarding SMP procedures including transfers, service credit purchases and accumulation, and contact information.

Mar-15-16 SURS Does Not Make Political Contributions

SURS has been made aware of a recently published article reporting that SURS made a campaign contribution to a candidate for state representative. The article is inaccurate. SURS does not make political contributions.

Statements referencing the State Universities Retirement System contained in an article in the East Central Reporter for the week of March 6-12, 2016, are inaccurate and misleading. The State Universities Retirement System has never “given” to Mr. Jim Acklin or his campaign.

Feb-26-16 SURS Chairperson Appointed

On February 26, 2016, Gov. Bruce Rauner announced the appointment of Tom Cross to head the Illinois Board of Higher Education. According to the Illinois Pension Code, Cross will also serve as chairperson of the State Universities Retirement System (SURS) Board of Trustees.

Feb-19-16 Proxy Services Provider

The State Universities Retirement System of Illinois (SURS) requests proposals from qualified Proxy Service Providers (Responders) to provide fiduciary proxy advisory and voting services. SURS is issuing the RFP for due diligence purposes, to ensure its receipt of quality services at cost-effective, market pricing.

Pursuant to SURS right to change the schedule as written in the RFP for Proxy Service Providers, answers to inquiries posed prior to the March 15, 2016 deadline will be posted on the SURS website and sent to responders no later than April 4, 2016.

Feb-11-16 SURS Chairperson to Step Down

Lindsay Anderson, current chairperson of the State Universities Retirement System’s (SURS) Board of Trustees, will step down effective Feb. 19, 2016, to accept a position with the University of Illinois.

Anderson has led the SURS board as well as the Illinois Board of Higher Education since being appointed by then-Governor Pat Quinn on June 3, 2013. She also chairs the SURS Board Governance, Legal and Legislative and Executive Committees.

Feb-01-16 Plan Choice Webinar - Tier II

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This webinar is for Tier II members who have not yet made a retirement plan choice. Tier II members are SURS participants who first begin their SURS (or other eligible Illinois reciprocal system) participation on or after January 1, 2011. The webinars are normally held on the last Tuesday of each month. See dates below.

Feb-01-16 Post-Retirement Seminar

There are no seminars scheduled at this time. Please check back later for upcoming dates.

SURS is offering a spring post-retirement seminar for Traditional and Portable Plan annuitants. This seminar will provide valuable information on survivor assistance, benefit statements, navigating the member website, community and more.  The University of Illinois Extension will also be on site presenting an enjoyable and informative session on memory and aging. 

 

 

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