2019 Annual Meeting
The annual meeting was held on April 1, 2019 at the UIC Student Center West. The business meeting, including election of new officers, was followed by a presentation by S. Jay Olshansky, UIC Professor of Epidemiology, entitled “Lifespan vs Healthspan.” A video of his presentation may be viewed on the chapter’s YouTube channel. Attendees enjoyed a delicious luncheon afterwards. Thanks to chapter programs director Karen Scherman and social director Debbie Matthews for making the arrangements for a successful event. Outgoing President Brenda Russell‘s annual report may be read here while 2nd Vice President William Peterman‘s annual legislative report may be read here.
Brown Bag Panel on the Tier II Pension
More than 100 people — most of them current employees — heard the bad news about Tier II SURS pensions, the retirement system for employees hired after Jan. 1, 2011, at a brownbag presentation on Feb. 27 sponsored by UIC SUAA. They also learned that their options to improve Tier II are limited, although SUAA is considering a future legal challenge.
Larry Curtis, employer services manager for the State Universities Retirement System (SURS), explained the disadvantages of the Tier II pension system, which applies to employees hired after Jan. 1, 2011, as compared to the Tier I system, for employees hired before that date. His presentation may be viewed here.
Sarah Wetmore, vice president and research director at the Civic Federation, gave a brief history of the state’s unmet promises to pay into pension funds that have led to nearly $140 billion in unfunded liability. She outlined Gov. J. B. Pritzker’s recent proposals to reduce the state’s pension debt, including a graduated income tax, state bonds, more buyout plans, and extending the payment schedule. Her presentation may be viewed here.
Holiday Luncheon 2018
The annual holiday luncheon was held on Dec. 14, 2018 at the Greek Islands Restaurant in Greektown, Chicago. An excellent repast was enjoyed by all, thanks to the efforts of chapter program director Karen Scherman and social director Debbie Matthews.
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2018 Post-Election Analysis by Prof. Dick Simpson
Dick Simpson, Professor of Political Science at UIC, presented an analysis of the Nov. 6th election results on Nov. 16th on the UIC east campus. A video recording of his presentation may be viewed on the chapter’s YouTube channel. Thanks to chapter member Jim Limber for recording the presentation and to chapter Program director Karen Scherman and Social director Debbie Matthews for making the arrangements for the event.
2018 Fall Forum
The annual fall forum was held on Monday, October 29, 2018 in the Student Center West of the UIC campus. About 150 attended, including SUAA Executive Director Linda Brookhart. The title was “Our Pensions: Changes, Choices, Funding.” The panelists were Dean Jeffrey R. Brown, Gies College of Business, UIUC; Lee A. Bridges, CFP; Retirement Specialist, State Universities Retirement System of Illinois; and John Prochaska, CPA (ret); Retirement Educator, Social Security Issues. A videorecording of the event may be viewed on the chapter’s YouTube channel; photos may be viewed here. A big “thank you” to the chapter’s 2nd Vice President Bill Peterman for producing the program, and to Program director Karen Scherman and Social director Debbie Matthews for making the arrangements.