|May-20-14||Judge Halts Implementation of PA 98-599||
On May 14, Circuit Court Judge John Belz granted a temporary restraining order and a preliminary injunction stopping implementation of Public Act 98-599, the pension reform law passed Dec. 5, 2013.
The judge ruled on a lawsuit filed by several groups representing state workers and retirees, requesting that P.A. 98-599 be halted until Illinois courts can decide its constitutionality.
|May-15-14||Outside Legislative Liaison Services RFP Updated May 15, 2014 – Due date extended||
The due date for proposals for the Outside Legislative Liaison Services RFP has been extended from Friday, May 16, 2014 at 4:30 pm to Monday, June 16, 2014 at 4:30 pm.
The State Universities Retirement System (SURS), a multi-employer retirement system serving over 57,000 beneficiaries and 163,000 active and deferred employees of the Illinois Higher Education and Community College systems is requesting proposals from qualified individuals or firms to provide outside legislative liaison services at the state level.
|May-01-14||2015 Benefit Choice Enrollment Period Begins May 1||
The Fiscal Year 2015 Benefit Choice Period is May 1 – June 2, 2014, for all SURS members. This is the only time of the year, other than when you experience a “qualifying change in status,” that you may change your coverage.
If you would like to make changes to your benefit plan, you must complete the Benefit Choice Form (see below) and return it to SURS by June 2, 2014. Elections will be effective July 1, 2014. If you do not want to make changes to your insurance benefits, you do NOT need to compete the form.
|Apr-29-14||Special Advocate for SMP Members|
|Apr-18-14||Special Advocate for Tier II Members|
|Apr-14-14||Special Advocate for Tier I Members|
|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|
|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.