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STATE UNIVERSITIES RETIREMENT SYSTEM

Executive Director: William E. Mabe

Chairperson:  Lindsay Anderson

About SURS

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Locations

   

Main Office

1901 Fox Drive
Champaign, Illinois 61820

 

Satellite Office

NIU Naperville Outreach Center
1120 E. Diehl Road
Naperville, Illinois 60563
(By appointment only - no mail delivery)

 

For contact information go to www.surs.org/contact-us.

SURS Mission

To secure and deliver the retirement benefits promised to our members.

SURS Comprehensive Annual Financial Report

The Comprehensive Annual Financial Report for the State Universities Retirement System of Illinois (SURS or the System, a component unit of the State of Illinois).

All About SURS

This booklet is a brief, yet comprehensive look at the System, our investment and funding history, membership, benefit distribution and relevant legislation. Information is updated on a regular basis.

SURS In Brief

This fact sheet succinctly outlines membership, investment and benefit figures, and provides a retirement-plan comparison chart.

SURS History and Membership

In 1941, a four-year study concluded with the formation of the University Retirement System. The act provided "for the creation, maintenance, and administration of a Retirement System for the benefit of the staff members and employees of the University of Illinois and certain other state educational and scientific agencies." Ruth Ellen Kunkel was the System's first employee and administrator.

In 1942, the System had 3,760 participants and added two additional staff members. In the following years, the University Retirement System grew to include other universities, colleges, and affiliated agencies throughout the state.

In 1963, the System adopted its current name, State Universities Retirement System (SURS).

Today SURS serves 65 employers* in Illinois including state universities, community colleges, and state agencies. It employs more than 120 people in offices in Champaign and Naperville and provides benefit services to 220,000 members throughout the world.

*Number denotes combining of several campuses.

SURS Governance

SURS is governed by an eleven-member Board of Trustees. Four trustees are elected by active SURS members, two trustees are elected by retired SURS members, and four trustees are appointed by the Governor. The Chairperson of the Illinois Board of Higher Education, who is appointed by the Governor, also serves as the Chairperson for the SURS Board of Trustees.

The SURS Board of Trustees has a fiduciary duty to administer the System in compliance with the requirements of Articles 1 and 15 of the Illinois Pension Code.

Senior Administrative Staff

Name Title E-mail
William E. Mabe Executive Director Executive_Director@surs.org
Daniel L. Allen Chief Investment Officer Chief_Investment_Officer@surs.org
Michael B. Weinstein General Counsel & Freedom of Information Act Officer General_Counsel@surs.org
Angie Lieb Director of Member Services Director_of_Member_Services@surs.org
Douglas Wesley Deputy Chief Investment Officer Deputy_Chief_Investment_Officer@surs.org
Phyllis Walker Chief Financial Officer Chief_Financial_Officer@surs.org
Suzanne Mayer Interim Director of Outreach Director_of_Outreach@surs.org
Brenda Dunn Director of Human Resources Director_of_Human_Resources@surs.org
Steven L. Hayward Internal Auditor Director_of_Internal_Audit@surs.org
Chris Hansen Director of Operations Director_of_Operations@surs.org
Douglas J. Steele Director of Application Development & Research Director_of_Application_Development@surs.org

Legislation Affecting SURS

SURS was created by the Governor and General Assembly in 1941. Consistent with that, changes to the existing benefit program must be enacted through legislation. Examples of SURS-related legislative action can be found in the passage of yearly appropriation bills and the pension reform acts of 2010 and 2013. Changes in state law will continue to affect the agencies we serve, the benefits we provide, and how we are funded.

For more information on legislation affecting SURS, go to www.surs.org/legislation.

SURS is an IRS Qualified Plan

View SURS 401(a) Defined Benefit Favorable Determination Letter from the IRS.
View SURS 401(a) Defined Contribution Favorable Determination Letter from the IRS.