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Pending Pension Reform Legislation

State Capital

On May 2, 2013, the Illinois House passed Senate Bill 1, their version of comprehensive pension reform legislation. The bill is sponsored by Speaker of the House Michael Madigan. On May 9, 2013, the Senate passed SB 2404, a less aggressive pension reform bill sponsored by Senate President John Cullerton. Both bills would affect SURS’s members and annuitants. To read details click on the corresponding button.

SURS Board Approves Fixed-Income Asset Class Structure Analysis

The State Universities Retirement System (SURS) Board of Trustees on March 13, 2013, voted to approve recommendations from the recently completed Fixed Income Asset Structure Analysis. The modifications approved are designed to create a tiered, equal-weight strategy of investment manager allocations, and increase utilization of Minority-, Female-, and Persons with a Disability-Owned (MFDB) investment firms.

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