SURS January 2016 Newsletter Online

The January 2016 edition of The Advocate is online now at http://www.surs.org/pdfs/advocate/Jan-2016-Advocate.pdf.

Check it out!

 

May 2015 SUAA Newsletter

Please find linked below the May 2015 SUAA Newsletter.

Also note that the Annual SUAA Luncheon sponsored by the President’s Office will be held on Thursday, June 25. Your invitation is on the last page of the newsletter. Hope you can attend!

SUAA Newsletter – May 2015 Final.pdf

 

SUAA Mini Briefing 10.09.2013

Here is the latest information on the Central Management Services website! Please read the information provided. For those of you who have doctors and clinics that will not accept Medicare Advantage Plans, note what you can do!

We hope this information is beneficial to our readers and that you will share with others who are affected by the retirees health insurance changes.

Click Here to read the Mini Briefing

Linda L. Brookhart

Executive Director

State Universities Annuitants Association

MiniBriefing10.09.2013.pdf

 

SUAA Mini Briefing for Oct 3, 2013

This Mini Briefing addresses current information about the Dependent Verification due to Federal Government Shutdown and more information about the State sponsored Medicare Advantage Plan.

Click Here to read the Mini Briefing

By:
Linda L. Brookhart
Executive Director
State Universities Annuitants Association

 

Your GSU SUAA September 2013 Newsletter!

Your Connection, the newsletter of GSU SUAA, has hit the streets!

Click here to view or download the GSU SUAA Your Connection for September 2013

 

SUAA Mini Briefing and Legislation Tracker

Check out the documents linked below for the latest news from SUAA and synopses of current legislation of interest in Springfield.

SUAA_MiniBriefing_02-08-2013

actionTRACKreport_02-08-2013

 

Woodward presentation: change of venue

Join us for Addison Woodward’s PowerPoint presentation “Illinois Pensions: Gold Plated Cadillac or Cadillac Clunker?”

When?
Thursday, May 26, 12 Noon
ROOM D34115
(NOT the Hall of Honors, as was originally noted in the May 2011 newsletter)

 

May 2011 GSU SUAA Newsletter

Click here to read the GSU SUAA Newsletter for May2011 (pdf file)

 

Plain Talk About Illinois Pension Systems

by Addison Woodward

There is virtually no dispute about how the state has become ensnared in the huge pension liability that it now faces. It has resulted from irresponsible funding practices that relied on the principle “defer now, pay later.”  Some try to “spin” the problem into the overly generous pension benefits the state affords its employees. Admittedly, there are those whose pensions are truly significant; however there are several unmitigated facts that remain. The few large pensions that some receive are the exception and should not be used as a basis to generalize about all pensions. Second, the fact remains that those who are so fortunate to have large pensions earned them and contributed accordingly. Third, and make no mistake about it, the rather rare “overly generous” pensions that some receive are not the cause of the pension liability the state now faces.  – read more of Addison Woodward’s essay

 

Pension Media Advisory: Pension Information

Sent: Mon 10/13/08 1:43 PM

To the SUAA Membership:
The attached Media Advisory was received this morning.  We are hopeful that the content will set your minds at ease.  If you have any questions, please contact the State Office.  We also ask that you contact others who do not have email.  Thank you for spreading the word of this important message.

Pension Information

On this morning of October 9, 2008, Jon Bauman (TRS), William Atwood (ISBI), and Dan Slack (SURS) sent a media release stating the following:

A Joint Statement of the Teacher’s Retirement System of the State of Illinois, the Illinois State Board of Investment, and the Illinois State Universities Retirement System

Members of the Illinois state retirement systems can rest assured that their retirement benefits remain secure despite the current volatility in the global financial markets.  The benefits delivered by the state pension systems are constitutionally protected and cannot be reduced due to investment losses or for any reason.  Those protections also exist under the contracts clause of the U.S. Constitution.

Additionally, the state retirement systems have structured their investment portfolios to effectively endure market declines over the long term.

The Teachers’ Retirement System, the Illinois State Board of Investment, and the Illinois State Universities Retirement System each have investments in a number of different asset classes.  This diversification has minimized recent investment losses and maximized returns when the financial markets have performed well.  Each system employs a stable of investment professionals that have the expertise and experience needed to effectively navigate the plans through the unstable market conditions.

Finally, while the systems recognize the grave realities of the current financial markets, we are well-equipped to look beyond the fear that has permeated our society in order to make investment decisions that are in the best interests of our members.  The state retirement systems remain stable and our benefits are reliable. -End-

State Universities Annuitants Association
3085 Stevenson Dr., Suite 301
Springfield, IL 62703
(217) 585-2370
(888) 547-8473  Toll Free
(217) 585-2372 Fax
suaa@suaa.org
http://www.suaa.org