The State Universities Retirement System Board of Trustees today unanimously selected W. Bryan Lewis as the new executive director of the $17.4 billion state pension fund.
The State Universities Retirement System (“SURS” or the “System”) is requesting proposals from qualified firms to to oversee and administer a Diversified Multi-Strategy Fund of Hedge Funds program which, after fees, exceeds the return of the agreed upon benchmark.
In a recent online survey conducted by SURS, website users overwhelmingly describe the site as well done and easy to navigate. Over 80 percent said they found exactly what they were looking for when they logged on.
The February Advocate is now available online, featuring articles on the board of trustees election, SURS investment team, the Self-Managed Plan, legislation passed during veto session, Money Purchase Factor changes, and our 2014 Employee of the Year.
The SURS Board of Trustees recently set the effective date for changes to the Money Purchase factors as January 4, 2016.
The Effective Rates of Interest pertaining to the State Universities Retirement System (SURS) have been released.
The Illinois Office of Comptroller (IOC) has set the Fiscal Year 2016 rate of interest at 7.00 percent. Public Act 94-4 requires the IOC to annually set the effective rate of interest used in calculating accumulated normal contributions for use in the Money Purchase Formula.