News Features
Benefit Choice Period for Health Insurance Changes is May 1 – 31, 2022
The FY 2023 Benefit Choice Period to make health insurance changes is May 1 through May 31, 2022. This affects SURS active members as well as annuitants and survivors not enrolled in the Medicare Advantage 'TRAIL' Program. This is the only time of the year, other than...
SURS Spring Newsletter Now Available
Read about our new executive director, cybersecurity upgrades, tax forms, educational webinars, investments, Money Purchase Factor change and more. https://surs.org/advocate
SURS Chair Issues Statements on Russian Holdings and Additional Pension Contribution; Board Commits $75M to Tech and Science Fund
Champaign, IL – Following the SURS’ Board of Trustees meeting on March 11, Chairperson John Atkinson released the following statement regarding Gov. Pritzker’s call for the state pension funds to take all steps within their authority to explore divestment from Russian...
Governor Proposes Supplemental Pension Payment to Reduce Long-Term Liabilities, Renews Promise to Protect Retiree Benefits
Champaign, IL - Gov. Pritzker on Wednesday introduced his fiscal year 2023 budget that includes the full certified state contribution to the State Universities Retirement System (SURS) of $2,118,567,000. To reduce the unfunded liabilities of the five state-funded...
IBHE Recommends Funding Increases to Improve Equity
The Illinois Board of Higher Education (IBHE), the board that oversees the needs and guides the policies of the State Universities Retirement System’s (SURS) 61 employers, on Monday approved a 7% increase to their FY 23 budget to further fund their equity-driven...
SURS Board of Trustees Appoints New Director
CHAMPAIGN, Ill. – The State Universities Retirement System (SURS) Board of Trustees has named Interim Executive Director and Chief Benefits Officer Suzanne Mayer as the new executive director of the state pension fund. SURS oversees $28.1 billion in defined benefit...
SURS Receives Third Award for Redesigned DC Plan
On Oct. 26, Pensions & Investments Newspaper (P&I) and the Defined Contribution Institutional Investment Association (DCIIA) announced SURS as a winner of a 2021 Excellence & Innovation Award. SURS was given the award for its redesigned core 401(a) defined...
Medicare Advantage Open Enrollment
The State of Illinois TRAIL Medicare Advantage open enrollment period for participating annuitants and survivors is October 15 - November 15, 2021. The 2022 plan year will begin January 1, 2022, and will run through December 31, 2022. The state of Illinois offers...
SURS Summer Newsletter Now Available
Read about the outcome of the trustee election, Money Purchase Factor change, Plan Choice Decision Tool, SURS new supplemental plan, website redesign and more. https://surs.org/advocate
SURS Recognized for DC Plan Redesign
SURS has been chosen as a recipient of a 2021 Leadership Recognition Award by the National Association of Government Defined Contribution Administrators, Inc (NAGDCA) for the redesign of our Retirement Savings Plan (RSP). Earlier this year SURS received an Eddy Award...