Executive Director Martin Noven today announced a vacant elected annuitant seat on the SURS Board of Trustees. The seat will be filled by a majority vote of the other five elected trustees from interested candidates. Interested annuitants should contact Kelly Carson at firstname.lastname@example.org by July 5.
The State Universities Retirement System (SURS) is soliciting proposals for procurement of information technology research and advisory services from an experienced provider who offers these services as a core component of their business.
Two voluntary pension buyouts - the Vested Inactive Buyout and the Tier I Automatic Annual Increase (AAI) Buyout - will begin July 1, 2019, for SURS members who meet the criteria. Applications for both buyouts will be available in June.
The State Universities Retirement System (SURS) is soliciting proposals for external legal counsel to provide legal services and advice relative to the following areas: Investments, application of the Illinois Pension Code and administrative procedures, state and federal tax issues pertaining to 401(a) and 457(b) plans, board governance, labor and employment matters and fiduciary liability.
The FY 2020 Benefit Choice Period to make health insurance changes is May 1 through May 31, 2019. This affects 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 members experience a "qualifying change in status," that they may change their insurance coverage.
Gov. Pritzker has appointed Richard Figueroa, Jamie-Clare Flaherty and John Lyons to the State Universities Retirement System (SURS) Board of Trustees.