SURS Summer Newsletter – Read It Now!

August 4, 2020 | News

Be up to date on all the latest SURS news including enhancements coming to the Self-Managed Plan on Sept. 1, a new supplemental savings plan, 2021 trustee election and more. The Advocate

Notice a change in your July benefit payment?

June 25, 2020 | News

 If you notice a change in your July benefit payment, please note that it is likely due to an increase in insurance premiums for members and dependents. The insurance information was distributed by the Illinois Department of Central Management Services (CMS) during...

Enhancements Coming to the Self-Managed Plan Sept. 1

June 25, 2020 | News

SURS has redesigned the Self-Managed Plan. The revamped plan has several enhancements, including: A new name: SURS Retirement Savings Plan (RSP).Whether your goal for retirement is to secure lifetime income or build your retirement nest egg; your needs are covered...

SURS Approves Private Credit Consultant Search, Allocates Funds to Real Estate, Fixed Income

June 9, 2020 | Press Release

Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees on June 5 approved releasing a request for proposals (RFP) for either discretionary or non-discretionary private credit consulting services. The RFP will be available at...

Disability Reevaluation Orders Resume

May 29, 2020 | News

SURS will resume sending medical recheck requests to disability benefit (DB) and disability retirement annuity (DRA) recipients beginning this week. The requests had been temporarily discontinued due to the COVID-19 pandemic making it difficult to schedule required...

SURS Portfolio Designed to Weather Downturn, State Committed to Funding

April 28, 2020 | News

Since the coronavirus outbreak, markets have been experiencing a period of heightened uncertainty. As a pension member, we understand that can be worrying. However, it is important to know that your pension is a long-term investment. SURS has a diverse investment...

Benefit Choice Period for Health Insurance is May 1 – June 1, 2020

April 27, 2020 | News

The FY 2021 Benefit Choice Period to make health insurance changes is May 1 through June 1, 2020. 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...

SURS Urges Members to Carefully Read Emails Offering Retirement Counseling

April 24, 2020 | News

Many SURS members have recently received unsolicited, potentially misleading emails from companies not affiliated with SURS offering retirement counseling. These emails may appear to come from SURS or appear to represent SURS. They do not. SURS encourages members to...

Disability Reevaluation Orders Discontinued Until June 1

April 23, 2020 | News

The COVID-19 pandemic is making it difficult for disability benefit (DB) and disability retirement annuity (DRA) recipients to see their physicians for required reevaluation appointments. As a result, effective April 1, 2020, SURS will discontinue issuing medical...

SURS SMP Redesign Postponed

April 9, 2020 | News

Over the last year, SURS staff has been working diligently to redesign the Self-Managed Plan (SMP) by adding new options and enlisting a new record keeper, all to benefit members. The rollout of the new plan was scheduled for June 1. However, due to the COVID-19...