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SURS Board of Trustees Announces Election Candidates

February 12, 2015 - 11:19

Champaign, IL – The State Universities Retirement System (SURS) will hold an election on May 1, 2015, to fill the expiring terms of trustee positions. In accordance with SURS Administrative Rule, 80 Ill. Adm. Code §1600.700 to 1600.710, the following candidates successfully completed the application and petition process.

Contributing Member Trustee Candidates:
Mr. Aaron Ammons, University of Illinois at Urbana-Champaign
Mr. Antonio Vasquez, City Colleges of Chicago

FY 2016 Effective Rates of Interest Announced

February 5, 2015 - 15:22

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 2016 rate of interest at 7.00 percent. Public Act 94-4 requires the IOC to annually set the effective rate of interest used in calculating accumulated normal contributions for use in the Money Purchase Formula.

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