The SURS Board of Trustees recently set the effective
date for changes to the Money Purchase factors as
January 4, 2016. The changes to the factors are a result
of a recent actuarial experience study which recommended a
reduction of the assumed rate of investment return and updated
mortality tables to reflect an overall increased life
expectancy. An actuarial experience study is required by
state statute at least once every five years.
The changes to the Money Purchase factors will NOT affect:
Survivor benefit recipients
Self-Managed Plan members
Members who began participation on or after July 1, 2005
Members whose benefit is highest under the General Formula calculation
Come Join Us on a Journey of Discovery into Affirmative Action, Diversity, & Equal Opportunity
All NIU Students, Faculty, Supportive Professional Staff, Civil Service Staff, and Alumni are invited to join in this Journey of Discovery and are encouraged to submit a proposal and/or attend the conference.
Mark your Calendar for the AADR Spring 2015 Conference
Date: Wednesday, March 25, 2015
Location: Holmes Student Center
Time: 8:00 a.m. to 4:30 p.m.
Call for Proposals & Nominations Deadline: Monday, March 2, 2015
We hope that you will join us in this Journey of Discovery by submitting a proposal and attending the AADR Spring 2015 Conference.
President Baker, following consultation with the University Council, Operating Staff Council, Supportive Professional Staff Council, the divisional Vice Presidents, and other area representatives, has approved an extension of the 2014 university winter holiday closure schedule to include Friday, January 2, 2015, as a Scheduled Closure Day. This will allow for an additional one-day extension of the winter closure period resulting in a total closure period of 12 days, extending from the close of business on Tuesday, December 23, 2014, until operations resume on Monday, January 5, 2015. This measure is consistent with the continuing efforts of President Baker and the university community to identify operational and utility cost savings.