January 11, 2022 | News, Press Release
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...
December 9, 2021 | Press Release
Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees on Dec. 3 certified the System’s fiscal year 2023 state contribution at $2,118,567,000, an increase of $17,288,000 from FY 2022. Each year, an independent actuary retained by SURS...
December 8, 2021 | News, Press Release
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...
September 15, 2021 | Press Release
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...
June 8, 2021 | Press Release
Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees on June 4 voted to decrease their long-term investment return assumption rate from 6.75% to 6.5%, effective June 30. The rate was last reduced in June 2018 from 7.25% to 6.75%. The...
