|Feb-06-19||Real Assets Investment Searches||
Callan, on behalf of the State Universities Retirement System (SURS), is requesting information from qualified firms interested in providing real asset investment services, which are limited to private real estate and infrastructure. All information and required documents are available on Callan’s website (www.callan.com) and on the SURS website (www.surs.org).
SURS has been made aware of a spam messaging campaign that looks to have originated from one of our accounts – . Please be aware that these messages are not authentic. Our information security team has taken the necessary steps to remedy the situation. We apologize for any inconvenience this may have caused.
|Jan-18-19||Recordkeeping Services and Investment Services for the SURS 401(a) and 457(b) Retirement Plans||
The State Universities Retirement System (SURS) has issued this Request for Proposal (RFP) to procure full service recordkeeping, custodial, and investment services for the Self-Managed Plan ("SMP"), an IRC Section 401(a) retirement plan, and a new supplemental plan under IRC Section 457(b) ("Supplemental Plan").
SURS is seeking to redesign the SMP to help better enable participants to maintain their standard of living in retirement. SURS is launching the Supplemental Plan to provide members with the tools they need to address any retirement readiness gaps.
|Jan-15-19||SURS FY 2018 Financial Report||
SURS 100-page annual report outlining assets; liabilities; employer contributions; investment policies, objectives and performance highlights; manager fees; membership and benefit statistics and more is available online for members to review. It is divided into five sections for easy navigation.
|Dec-10-18||SURS to Recoup Over $4 Million from Wells Fargo in Settlement||
The State Universities Retirement System (SURS) will receive a $4,312,500 settlement from Wells Fargo as a result of legal action against the bank by Illinois Attorney General Lisa Madigan.
On Dec. 4, Madigan’s office announced a $17.25 million settlement with Wells Fargo over the sale of risky residential mortgage-backed securities leading up to the 2008 economic collapse.
The settlement resolves an investigation into the bank’s failure to disclose the true risk of residential mortgage-backed investments.
|Nov-29-18||Member Summaries Available Online||
You are invited to log in to SURS secure Member Website and view your most current account information via your personal Member Summary page. It’s easy! Just click on the gold login button in the upper right-hand corner of the homepage and follow the prompts.
First-time users will need to complete the secure Member Website registration process to access their homepage. Once you’re logged in, click on the “My SURS” tab from your homepage to view the Member Summary page.
|Sep-26-18||Governor Appoints Schumacher to SURS Board||
Gov. Bruce Rauner has appointed Lisa Schumacher of Chicago to the State Universities Retirement System (SURS) Board of Trustees.
|Sep-26-18||Medicare Advantage Open Enrollment||
The State of Illinois TRAIL Medicare Advantage open enrollment period for participating annuitants and survivors is October 15 - November 15, 2018. The 2019 plan year will begin January 1, 2019, and will run through December 31, 2019.
|Sep-13-18||New Law Allows CIP Eligible Members to Opt Back Into Plan||
On Aug. 22, 2018, SB 3046 was signed into law by Gov. Bruce Rauner, amending legislation to allow former Community College Insurance Program members and their dependents who previously opted-out of their health benefits plan, to opt-back-in during an open enrollment period or other qualifying enrollment opportunity.
|Jul-31-18||SURS July Newsletter||
The July Advocate is now available online, featuring articles on the board of trustees election, upcoming optional buyout plans, Money Purchase Factor changes, SURS asset liability study, investments, SURS IT team, and fall webinars and seminars.