|Dec-30-16||Credit granted for furlough and voluntary pay reduction||
On Aug. 26, 2016, PA 99-0897 was signed into law allowing certain SURS participants to establish service and earnings credit for periods of furlough or periods of voluntary pay reduction taken in lieu of furlough. Eligible SURS participants must have periods of furlough or periods of voluntary pay reduction taken in lieu of furlough beginning on or after July 1, 2015, and ending on or before June 30, 2017.
|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.
|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.
|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.
|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.
|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.