News Features

Feb-09-18 SURS Announces Candidates for Upcoming Board Election

Champaign, IL - The State Universities Retirement System (SURS) will hold an election on May 2, 2018, to fill the expiring terms of two active-member trustee positions. In accordance with SURS Administrative Rule, 80 Ill. Adm. Code §§1600.700 to 1600.710, the following candidates successfully completed the application and petition process.

Feb-07-18 Understanding Your SURS Benefits Webinar - Tier I and Tier II

This webinar will provide an overview of SURS Tier I and Tier II benefits, with a focus on retirement. Earning & purchasing service credit, sick leave, refunds, reciprocal time, disability, death & survivor benefits, insurance, retirement calculations, & applying for retirement will all be discussed.

Jan-30-18 Understanding Your SURS Benefits Webinar - Tier II

This webinar will provide an overview of SURS Tier II benefits, with a focus on retirement. Earning & purchasing service credit, sick leave, refunds, reciprocal time, disability, death & survivor benefits, insurance, retirement calculations, & applying for retirement will all be discussed.

Jan-30-18 SURS FY 2017 Annual Report

SURS 102-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.

SURS Annual Financial Report

Jan-25-18 SURS Announces New Deputy Chief Investment Officer

Champaign, IL – The State Universities Retirement System (SURS) is pleased to announce the appointment of Ellen Hung, CFA, as deputy chief investment officer (deputy CIO), effective Jan. 30.

Jan-22-18 SURS Members Receiving Unwanted Solicitations from Compass Investors, LLC

To all SURS SMP Members:

SURS previously received notice that a company called Compass Investors, LLC has been sending email solicitations to our SURS Self-Managed Plan (SMP) members through the following email addresses:

Oct-05-17 Medicare Advantage Open Enrollment

The State of Illinois TRAIL Medicare Advantage open enrollment period for participating annuitants and survivors is October 16 - November 16, 2017. The 2018 plan year will begin January 1, 2018, and will run through December 31, 2018.

Oct-03-17 SURS 2018 Board of Trustees Election

Martin Noven, board secretary and executive director of the State Universities Retirement System (SURS), has announced the System will hold a board election during April 2018 to fill three expiring trustee positions. An impartial election services company will conduct the election. Candidate packets and petition forms are available from SURS. Candidates should contact Kelly Carson at kcarson@surs.org for information. Completed petitions will be due to SURS on Jan. 31, 2018.

Jul-31-17 SURS July Newsletter Available
Jul-07-17 Legislature Passes FY 18 Budget including Optional Hybrid Plan

The Illinois General Assembly, on July 6, successfully voted to override the governor's veto and passed a FY 18 budget that identifies the appropriation of funds for SURS and includes provisions for creating an optional hybrid pension plan that will be available to current Tier II members and future new hires. The new plan will not affect Tier I members, retirees or SMP members.

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