The July Advocate is now available online, featuring articles on SURS new trustees, buyout extensions, the SMP redesign, a new supplemental plan, webinars, seminars, investments, legislation and more.
Executive Director Martin Noven today announced a vacant elected annuitant seat on the SURS Board of Trustees. The seat will be filled by a majority vote of the other five elected trustees from interested candidates. Interested annuitants should contact Kelly Carson at firstname.lastname@example.org by July 5.
Two voluntary pension buyouts - the Vested Inactive Buyout and the Tier I Automatic Annual Increase (AAI) Buyout - will begin July 1, 2019, for SURS members who meet the criteria. Applications for both buyouts will be available in June.
The FY 2020 Benefit Choice Period to make health insurance changes is May 1 through May 31, 2019. This affects SURS active members as well as annuitants and survivors not enrolled in the Medicare Advantage 'TRAIL' Program. This is the only time of the year, other than when members experience a "qualifying change in status," that they may change their insurance coverage.
Gov. Pritzker has appointed Richard Figueroa, Jamie-Clare Flaherty and John Lyons to the State Universities Retirement System (SURS) Board of Trustees.
SURS has learned that many of our members recently received a letter from the Illinois Policy Institute (IPI) urging them to end their automatic deductions for union dues and/or dues to retirement organizations.