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Bruce Rauner, Governor

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   Retiree Insurance Premiums Class Action Lawsuit   


Retiree Health Insurance Premiums Class Action Lawsuit Information


Beginning in July of 2013, SERS annuitants and beneficiaries had a percentage of their annuity payments withheld by the State of Illinois as medical insurance premiums pursuant to Public Act 97-695.  In the Supreme Court’s decision of the lawsuit challenging this Act, it ruled the law invalid, ordered the withholding to stop, and for premiums withheld prior to the Court’s decision to be refunded.  Furthermore, annuitants and beneficiaries were given the option to opt out of the plaintiff class by March 11, 2015.  Below is the remaining timeline for refunding the withheld premiums.


April 13, 2015 – The Court determined the amount of attorneys’ fees of $1,502,011, payable to the attorneys representing SERS members entitled to a refund of premiums withheld by Public Act 97-1313.


April 13, 2015 – CMS shall report to the Court the amount of accrued interest on the premiums withheld in the Escrow account.  Beginning on this date, interest will no longer accrue in such account.


May 14, 2015 – The State shall transfer an amount from the Escrow account to the Attorneys’ Fee Account.  The payment determined by the Court is payable to the attorneys representing SERS members, but shall not include amounts of withheld premiums of those members that opted out of the plaintiff class of the lawsuit.


June 15, 2015 – SERS shall pay members that did not opt out of the plaintiff class the amount of the premiums withheld less the Court ordered attorneys’ fees.


September 15, 2015 – SERS shall pay the estate of deceased members that did not opt out of the plaintiff class the amount of the premiums withheld less the Court ordered attorneys’ fees.


June 30, 2016 – Amounts representing unclaimed payments to SERS members entitled to a refund shall be deposited into the Unclaimed Property Trust Fund.


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