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...

Real Assets Investment Searches

Callan, on behalf of the State Universities Retirement System (“SURS” or the “System”), is requesting information from qualified firms interested in providing real asset investment services, which are limited to private real estate, agriculture and infrastructure. All...

Long Volatility/Tail Risk

ID: RFP-20-22-01 The State Universities Retirement System of Illinois (SURS) requests proposals from qualified firms to provide investment management services for long volatility or tail risk strategies. SURS is issuing the RFP for due diligence purposes, to...

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...

SURS Board Approves $150 Million in Real Asset Commitments

Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees on Sept. 10 voted to commit $100 million to Pantheon Global Infrastructure Fund IV and $50 million to Blackstone Real Estate Partners Asia Fund III, subject to successful contract...

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