|Oct-04-13||CMS Conducting Dependent Eligibility Audit||
To ensure that only eligible dependents are covered under the State Employees Group Insurance Program (SEGIP) and the Teachers’ Retirement Insurance Program (TRIP), the Illinois Department of Central Management Services (CMS) has retained the services of HMS Employer Solutions (HMS) to conduct a Dependent Eligibility Verification Audit.
|Jul-31-13||July Newsletter Available Online||
The July Advocate includes articles on return-to-work laws, retiree health insurance premiums and much more.
|Jul-15-13||Annuitants Can Receive Incentives by Opting Out of State Insurance||
Effective July 1, 2013, Public Act 98-0019 allows Non-Medicare annuitants who opt out of the State of Illinois Health Insurance Program the opportunity to enroll in a financial incentive program. Non-Medicare annuitants with 20 or more years of service are eligible for $500.00 per month and Non-Medicare annuitants with less than 20 years of service are eligible for $150.00 per month.
|Jul-11-13||2012 Annual Report Summary Available Online||
SURS has posted its 2012 Annual Financial Report Summary for viewing.
|Jun-14-13||General Assembly to Meet June 19||
Illinois General Assembly Special Session Scheduled for June 19
Governor Quinn has called General Assembly members back to Springfield on June 19 for a Special Session.
|Jun-07-13||New SURS Chairperson Appointed||
Champaign, IL – On June 4, 2013, Governor Pat Quinn announced the appointment of Lindsay Anderson to head the Illinois Board of Higher Education. According to the Illinois Pension Code, Anderson will also serve as chairperson of the State Universities Retirement System (SURS) Board of Trustees.
|Jun-07-13||Legislative Session Update||
The General Assembly adjourned Spring Session on May 31. Learn where key pension reform legislation stands.
|Jun-07-13||SURS FY 2014 Funding Approved||
HB 206, which appropriates $1.5 billion to SURS for the coming fiscal year, was passed by the General Assembly.
|May-23-13||New Retiree Health Plan Rates||
The State of Illinois has released Retiree Health Plan Contribution Rates for Fiscal Year 2014.
SURS’s annuitants with less than 20 years of creditable service credit are required to share in the cost of their State of Illinois Insurance. All affected SURS annuitants will receive a letter and a chart outlining the contribution rates for FY 2014 (effective July 1, 2013).* The rates are based upon the number of years of creditable service credit each member has with SURS, as well as their Medicare status.
|May-23-13||Pending Pension Reform Legislation||
On May 2, 2013, the Illinois House passed Senate Bill 1, their version of comprehensive pension reform legislation. The bill is sponsored by Speaker of the House Michael Madigan. On May 9, 2013, the Senate passed SB 2404, a less aggressive pension reform bill sponsored by Senate President John Cullerton. Both bills would affect SURS’s members and annuitants. To read details click on the corresponding button.