Recently, the Center for Tax and Budget Accountability published an article on the Optional Hybrid Plan (referred to as the "Tier 3 Plan") created by Public Act 100-0023. However, this article misrepresented some key issues.
The State of Illinois TRAIL Medicare Advantage open enrollment period for participating annuitants and survivors is October 16 - November 16, 2017. The 2018 plan year will begin January 1, 2018, and will run through December 31, 2018.
The July Advocate is now available online, featuring articles on the FY 2018 budget, the forthcoming optional hybrid retirement plan, beneficiary designations, new SMP fund choices, investments and upcoming fall webinars and seminars.
The fiscal year 2018 Benefit Choice Period has been extended through June 1, 2017, for SURS active members as well as annuitants and survivors not enrolled in the Medicare Advantage 'TRAIL' Program.
On April 5, SURS partnered with the State Universities Annuitants Association for our annual legislative “Meet and Greet” reception in Springfield.
The State Universities Retirement System Board of Trustees has hired Douglas Wesley as Chief Investment Officer.