02.25.15

KUDOS award nominations being accepted through March 3

KUDOS award nominations are being accepted through Tuesday, March 3. The next KUDOS award recipients will be announced next Friday, March 6. Click on the KUDOS tab in the upper right corner of LincIn to nominate a deserving colleague.

The KUDOS award is an informal way to recognize the small and large ways Kudos logoour faculty and staff contribute to the positive environment that is LLCC. The person you nominate will receive a KUDOS certificate, with winners announced in LincIn, along with what they did to deserve the award. You can make an anonymous nomination if you wish. Brighten someone’s day and say “thank you, great job!” with the KUDOS award.

02.24.15

SURS Update: Money Purchase Factor Change

Effective Jan. 4, 2016, the Money Purchase factors will change. The changes to the factors are a result of a recent actuarial experience study which recommended a reduction of the assumed rate of investment return and updated mortality tables to reflect an overall increased life expectancy. An actuarial experience study is required by state statute at least once every five years.

When SURS calculates a retirement benefit, all eligible calculation types are performed and the annuity is based on the calculation that provides the highest benefit. For members retiring on or after Jan. 4, 2016, under the Money Purchase formula, the change in Money Purchase factors will result in an average 6-7% downward adjustment in their monthly annuity. Members can offset the adjustment by delaying retirement by approximately nine (9) months for active participants and 11 months for inactive participants.

The changes to the Money Purchase factors will not affect:
• Current annuitants
• Survivor benefit recipients
• Self-managed plan members
• Members who began participation on or after July 1, 2005
• Member whose benefit is highest under the General Formula calculation
• Members retiring under the Money Purchase formula prior to Jan. 4, 2016

Retirement calculations are unique to each individual member. For this reason, SURS encourages all members who are considering retirement in the next year and who might be affected by the Money Purchase factor changes to log on to their personal account on the SURS Member website and utilize the benefit estimator. By calculating estimates for retirement dates before and after the January 4, 2016, effective date, members can gain a clearer picture of how the factor changes will impact benefits.

For more information, read the Money Purchase Factor Change Fact Sheet or view the Money Purchase Factor Change video, both available at www.surs.org

Posted in HR |
02.24.15

Notice regarding deposits–deadline Feb. 26

The deadline to submit your deposits to the Finance Department is Thursday, Feb. 26. As a reminder, if you’ve taken in funds, it is necessary to submit them and corresponding deposit slips to the Finance Department on a daily basis.

If you have questions, please contact Elyse Calhoun at ext 62204 or Robin Ackman at ext 62762. Thank you!

02.24.15

Today at LLCC

12th annual Central Illinois Composting Symposium, 9 a.m. to 3 p.m., Trutter Center. Participants learn about composting organic materials and other resources to help them be a successful composter. For more info: www.llcc.edu/green-center.

02.24.15

LLCC’s Culinary Institute hosts Academy Tea

LLCC’s Culinary Institute hosted 30 young women at the 33rd Annual Dr. Betty Shabbazz La Petite Delta Academy Tea, sponsored Teaby the Springfield Chapter of Delta Sigma Theta. LLCC adjunct instructor Lesa Schaive gave a presentation on the history of teas and etiquette. LLCC hospitality student Kimsimone Manning is a former member of La Petite Delta and assisted as a hostess.

02.23.15

This week at LLCC

Monday, Feb. 23 – “A Musical Celebration,” noon to 1 p.m., A. Lincoln Commons. The musical performance features LLCC alum Kenneth Humble with the Kenny Humble Trio.

First-Year Experience Course forum – 3 p.m., Menard 1177. For more info, see Linc article dated Feb. 20.

Tuesday, Feb. 24 – 12th annual Central Illinois Composting Symposium, 9 a.m. to 3 p.m., Trutter Center. Participants learn about composting organic materials and other resources to help them be a successful composter. For more info: www.llcc.edu/green-center.

Wednesday, Feb. 25 –  First-Year Experience Course forum, 9 a.m. Sangamon 2212. For more info, see LincIn article dated Feb. 20.

African-American Food and Vendor Day, 10 a.m. to 2 p.m., A. Lincoln Commons. The event features free samples of African-American food, displays exhibiting the wares of African-American entrepreneurs, in addition to “Saxophone and African-American Poetry Improvisations” performed by LLCC retired business law professor and jazz musician Virgil Rhodes, J.D.

Farmer’s Share Luncheon, 11 a.m.-12:30 p.m., Student Union, Menard Hall. Sen. Sam McCann will speak at noon on agriculture and its importance to central Illinois. Cost to diners is 50 cents, to illustrate what a farmer receives from the cost of a meal.

LLCC Board of Trustees meeting, 5:15 p.m., R.H. Stephens Room. For the agenda, click HERE.

Saturday, Feb. 28 – “The Vagina Monologues, ” 8 p.m., Trutter Center. A special alumni cast will present a benefit reading of Eve Ensler’s award-winning play. Tickets are $15 for general admission and $10 for students with ID and may be purchased at the door beginning at 7 p.m. the night of the performance.

02.23.15

Jan Terry has new internal phone extension

Jan Terry, executive director, LLCC-Jacksonville and Beardstown, has a new internal LLCC phone extension. Her full phone number of 245-1097 will remain unchanged; however, her internal extension will be changed  to 5.1097.

02.23.15

In the news

Victor Broderick, Ph.D., dean of social sciences, was interviewed by WICS Feb. 20 on mental illness and the homeless. His comments will be aired Monday, Feb. 23 on the WICS Sunrise and FOX-55 Good Day Illinois programs. Click HERE to view the story.

Karen Sanders, executive director, LLCC Foundation and Lorie McDonald, director, LLCC-Litchfield and Hillsboro were interviewed on WSMI’s Wednesday Morning Talkshow on Feb. 18. Karen discussed Foundation scholarships and Lorie discussed important dates for the upcoming summer and fall semesters.