News Features
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...
We Have Redesigned our Website
Surs.org has been redesigned to benefit our members and other users. Our new design will: Improve usability for visitors. That includes simpler, easier to use navigation and search tools.Enhance ADA compliance by further adapting best practices for accessibility by...
SURS Members Elect Trustees to New Terms
Current board members Mitchell Vogel and Fred Giertz have been elected to continue serving on the State Universities Retirement System (SURS) Board of Trustees by the System’s annuitants.
Benefit Choice Period For Health Insurance Is May 1 – June 1, 2021
The FY 2022 Benefit Choice Period to make health insurance changes is May 1 through June 1, 2021. 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...
A New Way To Save From SURS
SURS is offering a new voluntary savings plan called the SURS Deferred Compensation Plan (DCP) through participating SURS employers. The SURS DCP will provide members another avenue to save more and generate additional retirement income. Learn more and see if your...