Press Releases

Are you saving enough for your retirement? SURS offers the 457(b) Deferred Compensation Plan (DCP) as an additional savings plan for our members. If you are not already enrolled in the DCP you can learn more by attending the DCP Informational Webinar on April 16....

Voting has started in the 2024 SURS trustee election. Six candidates have met the requirements to be included on the ballot. Voting is open through May 1. SURS members who are eligible to vote should have received voting materials from YesElections either by mail or...

We salute the staff members and students of the 48 Illinois community colleges in the SURS family. Each college offers their students excellent educational opportunities. The proclamation recognizes that America's first public community college was established in...

Check it out! Important news on the 2024 trustee election candidates, legislation, year-end investment performance and more. https://surs.org/news-publications/publications/newsletter/

Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees on March 1 voted to implement automatic contribution escalation for the System’s Deferred Compensation Plan (DCP) participants effective July 1, 2024. DCP participants who are...

Six candidates have met the requirements to be included on the ballot for SURS board election set for May 1. Voting will take place April 1 – May 1. SURS members will elect three active-member trustees and one annuitant trustee. Two of the active-member trustee seats...

Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees on Dec. 8 voted to commit the lesser of $50 million or 10% of total fund commitments to Ember Infrastructure Fund II, subject to successful contract negotiations. Ember...

Champaign, IL. – Gov. Pritzker has appointed John Lyons to chair the SURS Board of Trustees. He replaces John Atkinson who stepped down as chair last month to head Intersect Illinois. Lyons has served as an appointed SURS trustee since 2019 and was elected board...

Champaign, IL – The SURS Board of Trustees has hired Michael Schlachter, CFA, as the System’s new chief investment officer (CIO). Schlachter will replace current CIO Doug Wesley when he retires in March of 2024. In the interim, the two will share responsibilities with...

Doug Wesley, SURS chief investment officer (CIO) for nearly seven years, is set to retire March 1, 2024. "It has been an honor and privilege to serve SURS board and members,” said Wesley. “I strongly believe that SURS makes a difference in people’s lives and I’m...