The State Universities Retirement System Board of Trustees today unanimously selected W. Bryan Lewis as the new executive director of the $17.4 billion state pension fund.
In a recent online survey conducted by SURS, website users overwhelmingly describe the site as well done and easy to navigate. Over 80 percent said they found exactly what they were looking for when they logged on.
The February Advocate is now available online, featuring articles on the board of trustees election, SURS investment team, the Self-Managed Plan, legislation passed during veto session, Money Purchase Factor changes, and our 2014 Employee of the Year.
The SURS Board of Trustees recently set the effective date for changes to the Money Purchase factors as January 4, 2016.
Affected SURS members will soon receive a letter and form explaining their rights and opt-out option in the “percent of annuity” insurance premium settlement (i.e., Kanerva v. Weems).
SURS has posted its 2014 Comprehensive Annual Financial Report. The 104-page report outlines the System’s financial statements, investment results, funding analyses, and benefit payments.