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1
HOUSE JOINT RESOLUTION

  
 
2    WHEREAS, The University Retirement System of Illinois 
3became effective on September 1, 1941 to provide retirement 
4annuities and other benefits for employees of the University of 
5Illinois and other State colleges and universities; and
  
 
6    WHEREAS, The University Retirement System of Illinois 
7became known as the State Universities Retirement System on 
8March 18, 1963; and
  
 
9    WHEREAS, The State Universities Retirement System is 
10governed by a Board of Trustees, comprised of four elected 
11contributing members, two elected annuitant members, and five 
12appointed members, including the Chair of the Board of Higher 
13Education; and

  
 
14    WHEREAS, The State Universities Retirement System offers 
15three retirement plan options for its members, including the 
16Traditional Defined-Benefit Plan, Portable Defined-Benefit 
17Plan, 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 
20of return of 9.2% as of State Fiscal Year 2015; and
  
 
 
 
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1    WHEREAS, The State Universities Retirement System annually 
2processes more than $2.2 billion in member benefits as of State 
3Fiscal Year 2015; and
 
4    WHEREAS, The State Universities Retirement System 
5currently serves more than 60 employers and administers pension 
6benefits for more than 228,000 members as of State Fiscal Year 
72015; and
  
 
8    WHEREAS, The State Universities Retirement System 
9continues to serve its mission of securing and delivering the 
10retirement benefits promised to its members; therefore, be it
  
 
11    RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE 
12NINETY-NINTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE 
13SENATE CONCURRING HEREIN, that we congratulate the State 
14Universities Retirement System on its 75th anniversary and 
15thank them for their professionalism and dedication to public 
16service; and be it further
  
 
17    RESOLVED, That a suitable copy of this resolution be 
18presented to the Board of Trustees of the State Universities 
19Retirement System.