Tom Cross, chairperson of the State Universities Retirement System’s (SURS) Board of Trustees, announced today that SURS Executive Director W. Bryan Lewis will step down effective the end of June, to accept a position with the Pennsylvania State Employees' Retirement System (PA SERS).
All Plan Types
The Fiscal Year 2017 Benefit Choice Period is May 1 through May 31, 2016, for SURS active members as well as annuitants and survivors not enrolled in the Medicare Advantage 'TRAIL' Program.
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.
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.