|May-04-15||J. Fred Giertz Elected to SURS Board of Trustees||
J. Fred Giertz has been elected to serve a six-year term on the SURS Board of Trustees by the System’s annuitant members. His term begins July 15, 2015.
Trustee Giertz is a professor emeritus of economics at the University of Illinois in Urbana- Champaign. He previously served on the SURS Board from 1995-2005 as an appointed member and from 2009-2012 as an elected active member.
|May-01-15||Benefit Choice Enrollment Period Begins May 1||
The Fiscal Year 2016 Benefit Choice Period is May 1 through June 1, 2015, for SURS active members as well as annuitants and survivors not enrolled in the Medicare Advantage 'TRAIL' Program. This is the only time of the year, other than when you experience a "qualifying change in status," that you may change your coverage.
|Apr-17-15||Attorney Fees Awarded in Kanerva v. Weems|
|Apr-06-15||SURS Announces Board Vacancy||
State Universities Retirement System (SURS) Executive Director W. Bryan Lewis today announced a vacancy on the SURS Board of Trustees. The elected active (contributing) -member seat will be filled by a majority vote of the other five elected trustees on or before June 1, 2015.
|Apr-01-15||SURS Board Election April 1 - May 1||
SURS is currently holding an election to fill one annuitant-member seat on the Board of Trustees. Only annuitant members are allowed to vote. Election packets have been mailed to eligible members.
Two candidates are vying for the seat – J. Fred Giertz and Mitchell R. Vogel. Members may vote for one candidate.
|Mar-13-15||SURS Board of Trustees Names New Director||
The State Universities Retirement System Board of Trustees today unanimously selected W. Bryan Lewis as the new executive director of the $17.4 billion state pension fund. Lewis’ appointment becomes effective April 6, 2015.
“Mr. Lewis has more than 15 years of experience in institutional investments and financial management,” said Lindsay Anderson, SURS Board of Trustees chairperson. “His broad experience and in-depth knowledge will be a true asset to the System in the years to come as we strive to secure and deliver the retirement benefits promised to our members.”
|Mar-04-15||SURS Website Survey Results||
In a recent online survey conducted by SURS, our website users overwhelmingly describe the site as well done and easy to navigate. Over 80 percent said they found exactly what they were looking for when they logged on.
|Feb-20-15||February Newsletter Now Available||
|Feb-18-15||New Money Purchase Factors Effective Date Set||
The SURS Board of Trustees recently set the effective date for changes to the Money Purchase factors as January 4, 2016. The changes to the factors are a result of a recent actuarial experience study* which recommended a reduction of the assumed rate of investment return and updated mortality tables to reflect an overall increased life expectancy. An actuarial experience study is required by state statute at least once every five years.
|Jan-29-15||Retiree Health Insurance Premiums Class Action Lawsuit Information||
Updated Feb. 6, 2015
Retiree Health Insurance Premiums Class Action Lawsuit Information