The Illinois Office of Comptroller (IOC) has set the Fiscal Year 2017 rate of interest at 6.75 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 calculation.
SURS has been made aware of a recently published article that reports SURS made a campaign contribution to a candidate for state representative. The article is inaccurate. SURS does not make political contributions.
Gov. Bruce Rauner today announced the appointment of Tom Cross to serve as chairperson of the SURS Board of Trustees.
Lindsay Anderson, current chairperson of the SURS Board of Trustees, is resigning to accept a positon as the executive director of governmental relations for the University of Illinois.
SURS has posted its 2015 Comprehensive Annual Financial Report. The 100-page report outlines the System’s financial statements, investment results, funding analyses, and benefit payments.
SURS January newsletter is available online. Catch up on investment, legislative and benefit information.