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Meeting of the Board of Trustees
June 6 @ 3:15 pm - 5:15 pm
Champaign, IL – The Board of Trustees of the State Universities Retirement System (SURS) will meet on Friday, June 6, 2025, at Northern Trust office at 50 S. LaSalle St., Chicago, IL.
Times shown on the agenda that follows are approximate.
Members of the public who would like to make public comments during any SURS Board of Trustees or Committee meetings that are open to the public must comply with the requirements found in Title 80, Subtitle D, Chapter II, Section 1600.120 (i)(1) and (2) of the Illinois Register. Click here for details.
Optional Remote Connection for Public Members
Zoom Meeting Number: 1-312-626-6799 | Meeting ID:812 8915 4308 Passcode: 004082
| Time | Item |
| 3:15 p.m. | 1. Roll Call of Trustees |
| 3:15 p.m. | 2.* Motion to Allow Trustees to Participate Via Electronic Means, if Necessary |
| 3:15 p.m. | 3. *Approval of the Board of Trustees Meeting Minutes of: a. April 17, 2025 Presenter: Chairman John Lyons |
| 3:15 p.m. | 4.* Approval of the Closed Session Board of Trustees Meeting Minutes of: a. April 17, 2025 Presenter: Chairman John Lyons |
| 3:20 p.m. | 5.* Closed Session – If Necessary – Privileged and Confidential Semi-Annual Review of Closed Board of Trustees Meeting Minutes of: a. June 21, 2021 – Executive Committee b. February 3, 2022 – Board of Trustees c. June 2, 2022 – Audit & Risk Committee d. June 3, 2022 – Board of Trustees e. July 22, 2022 – Claims Panel Committee f. October 5, 2022 – Claims Panel Committee g. October 20, 2022 – Audit & Risk Committee h. February 28, 2023 – Claims Panel Committee i. March 10, 2023 – Audit & Risk Committee j. March 10, 2023 – Executive Committee k. June 2, 2023 – Audit & Risk Committee l. August 18, 2023 – Ad Hoc Search Committee m. August 21, 2023 – Claims Panel Committee (Dan Gaumer) n. August 21, 2023 – Claims Panel Committee (Carolyn Clifford) o. September 6, 2023 – Special Board of Trustees p. September 7, 2023 – Investment Committee q. September 7, 2023 – Administration Committee r. September 8, 2023 – Board of Trustees s. September 8, 2023 – Audit & Risk Committee t. October 10, 2023 – Special Board of Trustees u. November 13, 2023 – Claims Panel Committee (Dan Gaumer) v. November 13, 2023 – Claims Panel Committee (Carolyn Clifford) w. December 7, 2023 – Investment Committee x. December 8, 2023 – Audit & Risk Committee y. December 8, 2023 – Board of Trustees z. February 12, 2024 – Claims Panel Committee (Dan Gaumer) aa. February 12, 2024 – Claims Panel Committee (Carolyn Clifford) bb. February 29, 2024 – Investment Committee cc. February 29, 2024 – Audit & Risk Committee dd. March 1, 2024 – Board of Trustees ee. March 1, 2024 – Executive Committee ff. April 4, 2024 – Claims Panel Committee (Carolyn Clifford) gg. April 18, 2024 – Board of Trustees hh. May 6, 2024 – Claims Panel Committee (Dan Gaumer) ii. June 6, 2024 – Investment Committee jj. June 6, 2024 – Administration Committee kk. June 6, 2024 – Audit & Risk Committee ll. June 7, 2024 – Board of Trustees mm. June 7, 2024 – Special Meeting of Elected Board of Trustees nn. August 15, 2024 – Special Investment Committee oo. August 26, 2024 – Claims Panel Committee (Dan Gaumer) pp. August 26, 2024 – Claims Panel Committee (Carolyn Clifford) qq. September 12, 2024 – Investment Committee rr. September 13, 2024 – Audit & Risk Committee ss. September 13, 2024 – Executive Committee tt. September 13, 2024 – Board of Trustees uu. October 24, 2024 – Investment Committee vv. November 19, 2024 – Claims Panel Committee (Carolyn Clifford) ww. November 19, 2024 – Claims Panel Committee (Dan Gaumer) xx. December 5, 2024 – Investment Committee yy. December 5, 2024 – Audit & Risk Committee zz. December 6, 2024 – Board of Trustees aaa. February 10, 2025 – Claims Panel Committee (Carolyn Clifford) bbb. March 6, 2025 – Investment Committee ccc. March 7, 2025 – Board of Trustees ddd. Exhibit A – Recommended minutes to remain closed eee. Exhibit B – Recommended minutes to be opened Presenter: Chairman John Lyons |
| 3:25 p.m. | 6.* Review of Closed Verbatim Recordings – Privileged and Confidential a. March 10, 2023 – Audit & Risk Committee b. August 18, 2023 – Ad Hoc Search Committee c. August 21, 2023 – Claims Panel Committee d. September 6, 2023 – Special Board of Trustees e. September 7, 2023 – Investment Committee f. September 7, 2023 – Administration Committee g. September 8, 2023 – Board of Trustees h. October 10, 2023 – Special Board of Trustees Presenter: Chairman John Lyons |
| 3:30 p.m. | 7. Chairman’s Report Presenter: Chairman John Lyons |
| 3:35 p.m. | 8. Executive Director’s Report Presenter: Ms. Suzanne Mayer |
| 3:40 p.m.. | 9.* Board Travel Presenter: Ms. Suzanne Mayer |
| 3:45 p.m. | 10.* Non-Routine Travel Presenter: Ms. Suzanne Mayer |
| 3:50 p.m. | 11.* Review of Committee Actions a. Audit & Risk Committee b. Legal & Legislative Committee c. Administration Committee Presenter: Committee Chair |
| 4:00 p.m. | 12. Report of Investment Committee Actions Presenter: Trustee Scott Hendrie |
| 4:05 p.m. | 13.* Potential Change to Committee Structure and Approval of Board Bylaws Presenter: Chairman John Lyons |
| 4:10 p.m. | 14.* Election of Executive Committee Officers and at Large Executive Committee Members for Fiscal Year 2026 Presenter: Chairman John Lyons |
| 4:15 p.m. | 15.* Approval or Amendment of Nominations made by the Executive Committee and Election of Standing Committee Chairs and Committee Members for Fiscal Year 2026 Presenter: Chairman John Lyons |
| 4:20 p.m. | 16.* Approval of 2026 Regular Meeting Dates Presenter: Chairman John Lyons |
| 4:25 p.m. | 17.* Approval of Board Policies Presenters: Ms. Bianca Green and Ms. Heather Kimmons |
| 4:35 p.m. | 18* Postponement of Approval of Fiscal Year 2026 Board Manual Presenters: Ms. Bianca Green |
| 4:40 p.m. | 19.* Fiduciary Liability Insurance Renewal – Closed Session if Necessary Presenter: Ms. Tara Myers |
| 5:00 p.m. | 20.* Personnel Items – Closed Session if Necessary Presenter: Chairman John Lyons |
| 5:05 p.m. | 21.* General Counsel’s Litigation Report – Closed Session a. General Counsel’s Litigation Report b. Potential Litigation Matters (if any) Presenter: Ms. Bianca Green |
| 5:15 p.m. | 22. Informational Items Not Requiring Board Action a. General Counsel’s FOIA Report b. Comparative Financial Reports and Budget Variance c. Member Services Division Report d. Retirement Savings Plan Update for the Quarter Ending March 31, 2025 Presenters: SURS Staff |
| 5:15 p.m. | 23. Public Comment |
| 5:15 p.m. | 24. Trustee Comment |
| 5:15 p.m. | 25.* Adjourn |
| * Denotes Action Item | |
For more information contact:
State Universities Retirement System
1901 Fox Drive
Champaign, IL 61820
(217) 378-8800