|Feb-13-13||FY 2014 Effective Rates of Interest||
The Effective Rates of Interest pertaining to the State Universities Retirement System (SURS) have been released.
The Illinois Office of Comptroller (IOC) has set the Fiscal Year 2014 rate of interest at 6.75 percent. Public Act 94-4 requires the IOC to annually set the effective rate of interest used in computing the Money Purchase Formula.
|Feb-12-13||New Website Design||
SURS is pleased to announce the launch of our new and improved website! The new design was created in-house by SURS staff to provide a more contemporary look with more efficient navigation. Now you can easily read the latest news, access the SURS Member Website, and find and print forms.
|Feb-12-13||Payment Date Changes||
The State Universities Retirement System will begin releasing funds for electronic direct-deposit annuity payments on the first day of each month. Previously the funds were released on the first working day of the month. Disability payments which had been released on the last working day of the month will now be released on the last day of the month.
|Feb-12-13||Upcoming Web Events||
SURS will be hosting several upcoming educational webinars for members and employers. Topics include Introduction to SURS for Newly Hired Employees, Navigating the Self-Managed Plan and Pre-Retirement.
|Feb-12-13||SURS 2012 Annual Report Posted||
The SURS 2012 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 2012 Comprehensive Annual Financial Report.
|Feb-12-13||New SURS Trustees||
Governor Quinn recently appointed three trustees to the State Universities Retirement System (SURS) Board.
New members include: Richard Figueroa, director of Capital Markets for The Opus Group in Chicago; Paul R.T. Johnson Jr., owner of LSU Trading in Chicago; and Craig McCrohon, a partner with Burke, Warren, MacKay & Serritella in Chicago.
|Oct-25-12||SURS to Implement Members-only Website Safeguards||
To further protect confidential member information, the State Universities Retirement System (SURS) will be adding new safeguards to the SURS Member Website which is accessible through www.surs.org.