News Features

May-01-13 Benefit Choice Period is May 1-31

The Fiscal Year 2014 Benefit Choice Period is May 1 through May 31, 2013, for all SURS members. This is the only time of the year, other than when you experience a "qualifying change in status," that you may change your coverage.

If you would like to make changes to your benefit plan, you must complete the Benefit Choice Form (see below) and return it to SURS by May 31, 2013. Elections will be effective July 1, 2013. If you do not want to make changes to your insurance benefits, you do NOT need to complete the form.

Apr-02-13 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. The process will complete the Asset Structure Analysis of the Fixed Income asset class. Previously, in 2011, a structure analysis was conducted for the U.S. Equity, Non-U.S.

Mar-29-13 April Newsletter Now Available

The Legislative Advocate is now available. Learn more about recent pension legislation.

Mar-12-13 SURS Board Selects Real Estate Managers

The State Universities Retirement System (SURS) Board of Trustees approved the selection of core real estate managers J.P. Morgan and Heitman at their February 14, 2013, meeting in Chicago.

The System awarded $150 million each to J.P. Morgan’s JPMCB Strategic Property Fund and the Heitman America Real Estate Trust (HART). The search process began in September 2012.

Separately, the Board voted to terminate both a U.S. REIT and Global REIT relationship with RREEF, transferring approximately $200 million into the BlackRock Global Real Estate Securities Index Fund.

Mar-08-13 FY 2014 Benefit Fairs Scheduled

The Illinois Department of Central Management Services has scheduled health benefit fairs at 17 locations throughout the state from Chicago to Carbondale.  All members of the Group Insurance Program, including active state and university employees, retirees and survivors can attend.  The state-sponsored vendors for health, dental, vision and life insurance plans will be available to answer questions.

Click here for the complete schedule.

Mar-04-13 March Newsletter Now Available

The Technology Advocate is now available. Learn more about electronic services and educational webinars.

Feb-21-13 SURS seeks Mechanical Engineering firm to assist with 100 ton Chiller replacement - Awarded

The State Universities Retirement System of Illinois at 1901 Fox Drive, Champaign, Il., is seeking a mechanical engineering firm to assist with the replacement of a 100 ton chiller air conditioning system. Please contact David Scott at dscott@surs.org or (217) 378-8890 to receive a list of responsibilities and details about the project.

Businesses owned by minorities, women, and persons with disabilities are encouraged to submit bids.

This project has been awarded to E. L. Pruitt Co.

Feb-20-13 LANSA VL - Web Application Development RFP

The State Universities Retirement System is requesting proposals from qualified firms to provide programming resources for application development of the SURS web applications using LANSA VL application development software.

SURS desires to contract with an established vendor providing resources with a high level of expertise in developing web applications using the LANSA VL to produce Web Access Modules (WAM) accessing business data from an i-Series backend system.

Businesses owned by minorities, women, and persons with disabilities are encouraged to submit bids.

Feb-13-13 FY 2014 Effective Rates of Interest

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 2014 rate of interest at 6.75 percent. Public Act 94-4 requires the IOC to annually set the effective rate of interest used in computing the Money Purchase Formula.

Feb-12-13 New Website Design

SURS is pleased to announce the launch of our new and improved website! The new design was created in-house by SURS staff to provide a more contemporary look with more efficient navigation. Now you can easily read the latest news, access the SURS Member Website, and find and print forms.

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