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   Retiree Opt-Out   


Retiree Health Insurance Premiums Class Action Lawsuit Information


In connection with pending lawsuits in which the court has certified a class of plaintiffs, SRS will by February 9, 2015 mail to all retirees and survivors participating in the program of health insurance benefits under the Illinois Group Insurance Act a special notice advising them of their right (1) to opt-out of the class (in which event they will not receive any refund of the disputed premiums withheld from their annuities as part of the case, and are not guaranteed to receive any refund of those premiums); (2) for persons who do not opt out, to object to the class attorneys’ request for fees to be deducted from all refunds paid as part of the case; or (3) to do neither of these things and remain a member of the class entitled to a net refund of premiums as part of the case without submitting any objection to the class attorneys’ fee request.  The notice will also be e-mailed to all SRS retirees and survivors who have provided us with a valid e-mail address. Click here for the JRS Opt-Out form.


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