Illinois General Assembly - Full Text of HJR0137

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Full Text of HJR0137 99th General Assembly

Introduced Engrossed
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HJ0137eng 99TH GENERAL ASSEMBLY

HJ0137 Engrossed LRB099 20941 GRL 45835 r

1 HOUSE JOINT RESOLUTION

2     WHEREAS, The University Retirement System of Illinois
3 became effective on September 1, 1941 to provide retirement
4 annuities and other benefits for employees of the University of
5 Illinois and other State colleges and universities; and

6     WHEREAS, The University Retirement System of Illinois
7 became known as the State Universities Retirement System on
8 March 18, 1963; and

9     WHEREAS, The State Universities Retirement System is
10 governed by a Board of Trustees, comprised of four elected
11 contributing members, two elected annuitant members, and five
12 appointed members, including the Chair of the Board of Higher
13 Education; and

14     WHEREAS, The State Universities Retirement System offers
15 three retirement plan options for its members, including the
16 Traditional Defined-Benefit Plan, Portable Defined-Benefit
17 Plan, and the Self-Managed Plan; and

18     WHEREAS, The State Universities Retirement System manages
19 $19.2 billion worth of assets and has achieved a 30-year rate
20 of return of 9.2% as of State Fiscal Year 2015; and

HJ0137 Engrossed - 2 - LRB099 20941 GRL 45835 r

1     WHEREAS, The State Universities Retirement System annually
2 processes more than $2.2 billion in member benefits as of State
3 Fiscal Year 2015; and

4     WHEREAS, The State Universities Retirement System
5 currently serves more than 60 employers and administers pension
6 benefits for more than 228,000 members as of State Fiscal Year
7 2015; and

8     WHEREAS, The State Universities Retirement System
9 continues to serve its mission of securing and delivering the
10 retirement benefits promised to its members; therefore, be it

11     RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
12 NINETY-NINTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE
13 SENATE CONCURRING HEREIN, that we congratulate the State
14 Universities Retirement System on its 75th anniversary and
15 thank them for their professionalism and dedication to public
16 service; and be it further

17     RESOLVED, That a suitable copy of this resolution be
18 presented to the Board of Trustees of the State Universities
19 Retirement System.

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