News Features
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....
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...