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Update on Optional Hybrid Plan

Update on Optional Hybrid Plan

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Posted: 
April 2, 2018
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SURS is currently not moving forward with the implementation of the optional hybrid plan created under PA 100-0023. Additional clarifying legislation is needed for SURS to be able to do so. SURS staff worked extensively last year with the General Assembly on a trailer bill that would have provided necessary clarifications; but that bill failed to pass. At this time, it appears unlikely that the General Assembly will pass legislation to implement the optional hybrid plan.

SURS will communicate any changes if they occur.