News Features

Mar-28-14 SURS Pension Reform Education Efforts

In light of the imminent start date of P.A. 98-599, SURS staff is doing all it can to provide the most comprehensive pension reform information for members.

Website - SURS website has a dedicated page on pension reform education that includes a synopsis of the bill, a pension reform video presentation, Frequently Asked Questions (FAQs), a retirement plan comparison chart, the Money Purchase Factor Fact Sheet, links to the bill and the General Assembly votes, information on the legal challenges to the bill, and webinar information. 

Mar-25-14 Governor Appoints SURS Trustee

Governor Pat Quinn has appointed Peter Newell to the State Universities Retirement System (SURS) Board of Trustees. 

Newell is a vice president at the venture capital firm Sandbox Industries in Chicago, where he is part of the founding team of its new practice, Sandbox Innovation Partners, which helps corporations innovate by connecting them with emerging technology companies from around the world. 

Mar-24-14 Learn the Facts about Pension Reform
On May 14, 2014, the Illinois Circuit Court granted a temporary restraining order and a preliminary injunction stopping implementation of Public Act 98-599, the pension reform law passed Dec. 5, 2013. In accordance with the order, SURS will continue administering contributions and benefits as the law existed prior to amendment by P.A. 98-599 until otherwise ordered by the court.
Feb-25-14 CMS Medicare Update

PLEASE NOTE: If your 2012 Modified Adjusted Gross Income (as reported on your 2013 tax return) is $85,000 or less for an individual/ $170,000 or less for a married couple, this information does not affect you.
                            For more information please contact your local Social Security office.

Feb-07-14 Temporary Staffing Services RFP

The State Universities Retirement System of Illinois (SURS) is soliciting proposals from qualified firms to provide temporary staffing services.  A firm submitting a proposal is referred to as the “Responder”.

Minority-, Female- and/or Disabled-Owned Business Enterprises, as those terms are defined in the Business Enterprise for Minorities, Females, and Persons with Disabilities Act (30 ILCS 575/), are encouraged to submit Proposals.

Jan-27-14 SURS 2013 Annual Report Posted

The SURS 2013 Comprehensive Annual Financial Report has been posted online for public viewing. SURS annual reports dating back to 2006 are also available.

Questions regarding the contents of the report should be directed to SURS Chief Financial Officer Phyllis Walker at 1-800-275-7877.

Click here to view the SURS 2013 Comprehensive Annual Financial Report

Jan-24-14 January Newsletter Now Available

Read the Advocate

Dec-13-13 Investment, Legislative and Tax Related Legal Services RFP

The State Universities Retirement System of Illinois (SURS) requests proposals from private law firms to provide various investment, legislative and tax related legal services for the Board of Trustees and the System. Responding firms must demonstrate experience and expertise in specific legal matters related to:

Dec-03-13 CMS Has Extended the Dependent Eligibility Verification Audit Deadline

The deadline for returning Dependent Eligibility Verification Audit (DEVA) forms has been extended until January 31, 2014.

SURS members should continue to call the HMS Employer Solutions call center with their questions – 877-658-0596.

In October, the Illinois Department of Central Management Services (CMS) retained the services of HMS Employer Solutions (HMS) to conduct a Dependent Eligibility Verification Audit.

Dec-03-13 SURS Helping Members With Medicare Advantage Questions

The SURS staff has been preparing over the past several months for the Medicare Advantage Enrollment Period. An “increase in traffic” plan of action started on November 12, the first day of enrollment, and will continue through December 13, the final day of enrollment.

To help with increased calls, all Member Service Representatives (MSRs) within the agency are helping with phone calls and SURS Counselors are providing on-site counseling sessions and Power Point presentations for those who stop by the office looking for help.

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