• Reminders

    Important Dates:
    HCAFA Executive Committee Meetings
    Light Meal Served
    At Harper College, Rooms Listed Below
    12:00 - 2:30, L200

    Summer 2017
    • Friday, May 12, 2017
    • Friday, June 9,2017
    • Friday, July 14, 2017
    • Friday, Aug. 11, 2017

    For information or to check if the time or location has been changed, call Hasmig or Amy at the IEA office
    (847 359-0300).

There Remains Some Hope That the Pension Reform Bill May Not Be in Effect Immediately

We are forwarding the update below from SUAA.  They suggest it may not be necessary to retire now in order to avoid losing significant pension benefits.

The HCAFA Executive Committee

*To the SUAA Membership and Friends!

 As most of you know, SUAA filed a motion on Friday, May 2nd for the Court to enter a temporary restraining order and preliminary injunction prohibiting the implementation of PA 98-0599 (SB 1).
At this time, we would ask that no one make any decision to retire that is irrevocable (permanent, cannot be over-turned).  We will keep you updated on what transpires.

Also, SB 2505 SAM 1 is on the Senate Floor for the third reading scheduled for May 6.  If passed, it will go to the House to hopefully be passed as quickly.  The language changes the June 30, 2013 date to June 30, 2014 for the purposes of calculating a SURS participant’s retirement annuity.  If you want to read the whole amendment click here.  The Amendment was filed by Senator Chapin Rose.

Keep watching….

Linda L. Brookhart
Executive Director
State Universities Annuitants Association
217 East Monroe Street
Springfield, Illinois 62701
217.523.4040 Office
217.523.4044 Fax
217.553.1091 Cell

 

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