On behalf of the State Universities Civil Service System, we respectfully submit our 63rd Annual Report. This Report provides an overview of our business operations, our many programs and initiatives, and a brief description of our FY 2015 agency action plan. Our business objectives remain consistent with our statutory directive, our mission, and our purpose. This Report again demonstrates our commitment and effort to incorporate many 'best practice' human resource concepts into our operational procedures and to modernize the overall delivery of human resource services to the State of Illinois public university system.

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"The State Universities Annuitants Association and Illinois Attorney General Lisa Madigan reached a tentative agreement to postpone implementation of the State’s new pension law (PA 98-599). The agreement is pending as it requires judicial approval before going into effect. The agreement delays implementation of the pension law until July 1, 2015. Specifically, the agreement protects SURS members currently eligible for retirement by allowing them to delay their retirement decision until the constitutionality of the new pension law is determined. It allows them to calculate their money purchase annuity based on the effective rates as of June 30, 2014 and allows them to avoid the skips in the annual increases if the changes to the pension are upheld. The agreement also ensures that any unnecessary pension contributions will be refunded."

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