News Features
SURS Commits Millions to Real Estate Fund
Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees on Sept. 8 voted to commit $75 million to Brookfield Strategic Real Estate (BSREP) Fund V, of Toronto, Canada, subject to successful contract negotiations. BSREP currently...
SURS Recognized for DCP Design
SURS has been chosen as a recipient of a 2023 Leadership Recognition Award by the National Association of Government Defined Contribution Administrators, Inc (NAGDCA) for the design and rollout of its Deferred Compensation Plan (DCP). The NAGDCA Awards recognize the...
SURS Summer 2023 Newsletter Now Available
Check it out! Learn about the upcoming 2024 trustee election, DCP auto enrollment, the FY 2024 state budget, educational webinars, recent legislation that affects SURS members, investment updates and more.https://surs.org/news-publications/publications/newsletter/
SURS Retains Real Assets Consultant
Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees on June 2 voted to retain Callan as the System’s real assets consultant for the next five years, subject to successful contract negotiations. Callan has served in that capacity...
SURS Board Approves Updating Strategic Asset Allocation Targets
Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees on April 20 voted to approve implementing changes to their investment strategic policy allocation targets over the next few months. SURS does not expect any Principal Protection...
Benefit Choice Period for Health Insurance Changes is May 1 – 31, 2023
The FY 2024 Benefit Choice Period to make health insurance changes is May 1 through May 31, 2023. 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 Launches Diverse Manager Portal, Terminates Asset Manager
Champaign, IL – The State Universities Retirement System (SURS) has created an online Diverse Manager Portal designed specifically to provide an opportunity for diversely-owned investment management firms with greater than 51% ownership by minorities, women, or...
SURS Board Votes to Oppose SB 2152
Legislation would transfer proxy voting authority to state treasurer, compromising the ability of SURS board to protect assets from undue political influence and to fulfill fiduciary obligations to SURS membership Champaign, IL – The State Universities Retirement...
SURS Hires DC Consultant, Adds Over $400 Million to Private Equity, $90 Million in Real Assets
Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees on Feb. 2 voted to retain incumbent defined contribution consultant CAPTRUST for the System’s two defined contribution plans for a five-year term, subject to successful contract...
1099-R Tax Forms Available Online
1099-R Tax Forms Are Now Available Online SURS has completed its paper mailing of the 2023 IRS Form 1099-R to each member or beneficiary who received a distribution in 2022. Members may log in to the SURS secure Member Website and print a copy if needed. The 1099-R...