|Jan-15-15||SURS Retirement Seminars|
|Nov-21-14||Circuit Judge Finds Pension Reform Unconstitutional||
Circuit Judge Finds Pension Reform Unconstitutional
In a written decision dated November 21, 2014, Judge John Belz of the Sangamon County Circuit Court entered a final declaratory judgment that “Public Act 98-0599 is unconstitutional and void in its entirety.” The court also ordered that the preliminary injunction preventing State defendants (including SURS) from implementing the Act since May 14, 2014, become permanent.
|Nov-20-14||Medicare Advantage 2014 Open Enrollment Information||
Updated January 15, 2015
|Oct-02-14||Data Center Environment Systems RFP||
The State Universities Retirement System of Illinois is re-issuing the Bidding Documents/Project Manual for replacement of its Data Center environment systems since all previous bids exceeded the budget allocation. Please note that the project’s Scope of Work has been reduced. Contractors may obtain a set of the Bidding Documents/Project Manual from CityBlue Technologies, 313 North Mattis Ave., Suite 101, Champaign, Illinois, 61821 (phone 217-355-6980) or by contacting Nathan Alderman at email@example.com or at 217-359-1514.
|Oct-01-14||SURS SMP Unified Statements Now Available Online Only||
Beginning with the 3rd Quarter Unified Statements, as part of a continuing effort to create greater efficiencies, SURS will no longer mail paper copies to Self-Managed Plan members. Unified Statements will be available online only via the SURS Member Website. Quarterly statements are also available on Provider (TIAA-CREF and Fidelity) websites.
|Sep-26-14||Non-Core Real Estate Manager Search RFP||
The State Universities Retirement System (“SURS” or the “System”) is requesting proposals from qualified firms to provide direct non-core real estate commingled fund or fund of funds investment management services which, after fees, exceeds the return of the agreed upon benchmark.
|Sep-24-14||Executive Search Firm RFP||
The State Universities Retirement System of Illinois (SURS) is soliciting proposals for an executive search firm to assist the Board of Trustees with filling the position of Executive Director. A firm submitting a proposal is referred to as the “Responder.”
Minority-, Female- and/or Disabled-Owned Business Enterprises (MWDBE), as those terms are defined in the Business Enterprise for Minorities, Females, and Persons with Disabilities Act (30 ILCS 575/), are encouraged to submit Proposals. Illinois-based entities are also encouraged to submit Proposals.
|Sep-23-14||SURS 2015 Board of Trustees Election||
William Mabe, board secretary and executive director of the State Universities Retirement System (SURS), has announced the System will hold a board election during April 2015 to fill three expiring trustee positions. An impartial election services company will conduct the election. Candidate packets and petition forms will be available October 1, 2014, from SURS.
|Aug-29-14||Court Orders End to State Retiree Percentage-of-Annuity Insurance Premiums||
On August 28, 2014, Sangamon County Circuit Court Judge Steven Nardulli ordered the state to stop deducting monthly percentage-of-annuity health care premiums from annuity checks of state retirees and survivors enrolled in the State of Illinois Group Health Insurance Plan. This decision brings the Kanerva vs. Weems (No. 115811) case, filed last July by several state employee groups seeking to protect their premium-free state health insurance, one step closer to resolution.
|Aug-29-14||SURS to Recoup Millions from Bank of America Settlement||
The State Universities Retirement System (SURS) will receive a $2.6 million settlement from Bank of America for losses the System incurred from fraudulent mortgage-backed securities investments dating back to 2006.
On August 21, Attorney General Lisa Madigan announced Illinois would receive a total of $300 million as its portion of the national $16.65 billion settlement with Bank of America, stemming from a federal investigation into risky residential mortgage-backed securities (RMBS).