The State Retirement System of Illinois (SRS) is a member of the National Conference on Public Employee Retirement Systems (NCPERS) Voluntary Life Insurance Plan.
The NCPERS program has been offered to SRS members since 1989, because it has a unique plan design. It is particularly well suited for public pension plan members and fills members needs not fully addressed by the pension plan. The SRS has this plan available because of its membership in NCPERS, but it has no role in the carrier selection, design, or operation of the plan.
There are more than 30,000 SRS members/retirees and their dependents insured under this plan. The overall NCPERS Plan, of which SRS is a part, insures more than 87,000 members, retirees and dependents, and has been providing added security for public employees for over thirty years. It has paid over $100 million to beneficiaries of public employees. NCPERS is the leading advocate for public pension plans and their members, and is dedicated to the protection and improvement of the financial security of public employees.