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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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