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 by VRES, an impartial election service company.
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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.
The February Advocate is now available online, featuring articles on the board of trustees election, SURS investment team, the Self-Managed Plan, legislation passed during veto session, Money Purchase Factor changes, and our 2014 Employee of the Year.
Champaign, IL – The State Universities Retirement System (SURS) will hold an election on May 1, 2015, to fill the expiring terms of trustee positions. In accordance with SURS Administrative Rule, 80 Ill. Adm. Code §1600.700 to 1600.710, the following candidates successfully completed the application and petition process.
Contributing Member Trustee Candidates:
Mr. Aaron Ammons, University of Illinois at Urbana-Champaign
Mr. Antonio Vasquez, City Colleges of Chicago
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.