Since 1998, 20,000 members of the State Universities Retirement System have opted out of the pension plan and into the 401(k)-style Self-Managed Plan, or SMP.

Public employees in Illinois are part of a structured retirement system that determines when they can start receiving pension ...

Illinois Gov. Pat Quinn on Thursday signed into law an overhaul of the state's retirement system to stabilize pension funds for state workers, teachers and retirees, in part by cutting benefits.

Consequently, Illinois could be required to increase the benefit of approximately 78 percent of the employees not currently enrolled in Social Security (State of Illinois Report of the Pension ...

Public employees in Illinois are part of a structured retirement system that determines when they can start receiving pension benefits. The state offers several pension systems, including those ...

NEW YORK, Dec. 16, 2021 /PRNewswire/ -- Vitech Systems Group announced today that the Illinois State Universities Retirement System (SURS) has selected V3locity, Vitech's cloud-native ...

Illinois State Universities Retirement System’s investment committee recommended the system’s staff identify and evaluate additional active core-plus fixed-income managers to address concerns ...

Illinois’ unfunded pension liability grew by $9.8 billion, or 7.5 percent, in the fiscal year that ended June 30, ... The State University Retirement System lost 1.4 percent of its value.