Press Release

SURS Lowers Assumed Rate to 6.5%, Assigns Millions to Real Assets Funds, Hires Executive Search Firm

June 8, 2021 - 10:46

Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees on June 4 voted to decrease their long-term investment return assumption rate from 6.75% to 6.5%, effective June 30. The rate was last reduced in June 2018 from 7.25% to 6.75%. The reduction was made following a review of the June 30, 2017 – June 30, 2020 Actuarial Experience Study presented by Gabriel Roeder Smith and Company. The report is posted at http://www.surs.org/actuarial-valuation-reports-experience-studies.

State Universities Retirement System Board Meetings

June 1, 2021 - 08:54

Champaign, IL- The Investment Committee, Executive Committee, Administration Committee, Diversity Committee, Audit & Risk Committee, Legal & Legislative Committee, Board Governance Committee and the Board of Trustees of the State Universities Retirement System (SURS) will meet on Thursday, June 3 and Friday, June 4, 2021, via remote access only due to COVID-19 statewide restrictions.

Times shown on the agendas that follow are approximate.

SURS Assigns Up to $30 Million to Real Estate Fund

April 26, 2021 - 12:15

Champaign, IL - The State Universities Retirement System (SURS) Board of Trustees approved a commitment of the lesser of $30 million or 10 percent of total fund commitments to Newport Capital Fund III, the closed-end, non-core real estate fund managed by Newport Capital Partners. The vote was taken during the April 22 remote board meeting. The allocation is subject to successful completion of contract negotiations.

The System previously made a commitment to Newport Capital Fund I in 2012 along with two co-investment opportunities in 2018 and 2019.

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