News Features
SURS Retiree Appreciation Day
The Illinois House of Representatives and the Illinois Senate have declared June 13, 2025, as “SURS Retiree Appreciation Day” to honor and recognize the ongoing contributions and value of SURS retirees across the State. On this day, we recognize,...
Governor Pritzker Appoints New Trustee to SURS Board
Governor Pritzker has appointed Jeanine Jiganti to the State Universities Retirement System (SURS) Board of Trustees. She will serve out the remainder of a six-year term that will expire in 2030. Jeanine Jiganti is an executive with extensive experience in legal,...
Benefit Choice Period for Health Insurance Changes is May 1 – June 2, 2025
The FY 2026 Benefit Choice Period to make health insurance changes is May 1 through June 2, 2025. This affects SURS active members as well as annuitants and survivors not enrolled in the Medicare Advantage Total Retiree Advantage Illinois (TRAIL) Program. This is the...
SURS Spring Insights Newsletter Now Available
Open your spring Insights newsletter for updates from SURS! View photos from the visit from Governor Pritzker, read our legislative and investment reports, and learn more about our educational offerings. Also find: • Governor JB Pritzker Visits SURS• Legislative and...
Keep Your SURS Information Up to Date
As you start your Spring cleaning, it's a good time to review your SURS account! Update your account and contact information as well as beneficiaries. Log in to the SURS secure Member Website at any time to view your most current account information via your personal...
SURS Board Approves Updating Strategic Asset Allocation Targets
Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees, during their meetings March 6 and 7, approved adjustments to asset allocation targets. This approval also gives SURS staff the discretion to implement the updated policy targets by...
Update on Health Alliance from CMS
Central Management Services of Illinois (CMS) Bureau of Benefits shared the following update on March 7. View it at https://cms.illinois.gov/benefits/stateemployee/statehealth.html. For any questions, please contact MyBenefits at MyBenefits.illinois.gov. Because SURS...
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....