News Features
Current Information from Health Alliance
Health Alliance recently announced they will be closing at the end of the calendar year for all plans except for Medicare Advantage. At this time, we have limited information. If you are affected by this change, it is our understanding that you will be able to select...
1099-R Tax Forms Are Now Available Online
1099-R tax forms are now available online! SURS has completed its paper mailing of the 2024 IRS Form 1099-R to each member or beneficiary who received a distribution in 2024. Members may log in to the SURS secure Member Website to print a copy. The 1099-R forms can be...
Social Security Fairness Act Signed into Law
Yesterday, President Biden signed H.R. 82, the Social Security Fairness Act, into law. It previously passed the U.S. House of Representatives on November 12, 2024, and the U.S. Senate on December 21, 2024. The Social Security Fairness Act does not impact SURS...
Congress passes Social Security Fairness Act
On Saturday, Dec. 21, the U.S. Senate passed H.R. 82, the Social Security Fairness Act, that would repeal two federal policies - the Government Pension Offset (GPO) and Windfall Elimination Provision (WEP). The GPO and WEP reduce Social Security payments to many...
SURS invests in equity extension strategies, certifies FY 26 state contribution, increases effective rate of interest
The trustees of the State Universities Retirement System (SURS) on Dec. 7 approved retaining J.P. Morgan Asset Management (JPM) and Man Numeric to manage 130/30 equity extension mandates for US and non-US portfolios, respectively, pending successful contract...
SURS approves $50 million in real assets, returns net 8.3% in fiscal 2024, approves preliminary FY 26 state contribution
The State Universities Retirement System’s Board of Trustees voted unanimously on Oct. 24 to commit the lesser of $50 million or 10% of total fund commitments to Belay Ventures Fund IV, subject to successful contract negotiations. This is a new relationship for SURS...
2025 Medicare Advantage Open Enrollment
The state of Illinois TRAIL Medicare Advantage Prescription Drug (MAPD) open enrollment period for participating annuitants and survivors is Oct. 15 - Nov. 15, 2024. The 2025 plan year will begin Jan. 1, 2025, and will run through Dec. 31, 2025. The state of Illinois...
October is National Retirement Security Month
October is National Retirement Security Month.Time to reflect on your vision for retirement and set specific goals to get there. One way is with SURS supplemental Deferred Compensation Plan (DCP). If you haven’t enrolled, now is the time to start saving with DCP....
SURS Makes Infrastructure Commitment
The State Universities Retirement System’s Board of Trustees voted unanimously on Sept. 13 to commit up to $100 million to the Pantheon Global Infrastructure Core Plus Fund V, subject to successful contract negotiations. SURS currently has a $57 million investment in...
SURS Chair Lyons Reappointed
Gov. Pritzker has reappointed John Lyons to the State Universities Retirement System (SURS) Board of Trustees. He will serve a six-year term. Lyons has served as an appointed trustee since 2019 and has been chair since 2023. He previously was elected to serve as board...
SURS Announces Active-Member Trustee Appointment
The State Universities Retirement System (SURS) Vice-Chairperson Collin Van Meter, on behalf of SURS elected board members, today announced the appointment of Herbert Pitman as an active-member trustee to the SURS Board of Trustees. Pitman was selected by a majority...
SURS Announces Active-Member Board Vacancy
State Universities Retirement System (SURS) Executive Director Suzanne Mayer today announced a vacancy on the SURS Board of Trustees. The three-year, elected active-member seat will be filled by a majority vote of the other elected trustees who will hold seats as of...
SURS Members Reelect Trustees
Current State Universities Retirement System (SURS) board members Steven Rock, Collin Van Meter and Antonio Vasquez have been reelected by the System’s members. The trustee election was conducted April 2 – May 1 by YesElections, an impartial election services company,...
Benefit Choice Period for Health Insurance Changes is May 1-31, 2024
The FY 2025 Benefit Choice Period to make health insurance changes is May 1 through May 31, 2024. 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...
America Saves Week is April 8-12
Are you saving enough for your retirement? SURS offers the 457(b) Deferred Compensation Plan (DCP) as an additional savings plan for our members. If you are not already enrolled in the DCP you can learn more by attending the DCP Informational Webinar on April 16....