State Universities Retirement System (SURS) Executive Director Suzanne Mayer today announced a vacancy on the SURS Board of Trustees. The elected active-member seat will be filled by a majority vote of the other five elected trustees.
SURS active members who are interested in being considered for the open seat on the board should request an application from Kelly Carson at [email protected]. Applications are due by Nov. 4, 2022, at close of business (4:30 p.m. CST). Candidates will be required to submit a resume with their application. Elected trustees will review all applications and may interview qualified candidates.
The vacancy is the result of the death of elected Trustee Scott Weisbenner on Sept. 29. Trustee Weisbenner’s term began on July 15, 2021. The candidate that is selected will serve until after the next trustee election in May 2024.
The Illinois Pension Code [40 ILCS 5/15-159(e)] directs the elected members of the board to fill any unexpired term of a fellow elected trustee by a majority vote.
The SURS Board of Trustees consists of 11 trustees including four elected active members, two elected annuitants, and five members appointed by the governor, of which one is the appointed chair of the Illinois Board of Higher Education. Trustees serve six-year terms.
The board meets at least quarterly, with additional committee meetings scheduled throughout the year. Trustees also are required to meet certain annual ethics, legislative and fiduciary training obligations, as well as complete eight hours of investments and public pension administration education. Additional board information can be found at http://surs.org/about-surs.
SURS encourages all active members to consider serving on the board of trustees.