Press Releases

The latest press releases from SURS. For press inquiries, click here.

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...

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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...

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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...

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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.

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SURS Assigns Up To $30 Million To Real Estate Fund

Champaign, IL - The State Universities Retirement System (SURS) Board of Trustees approved a commitment of the lesser of $30 million or 10 percent of total fund commitments to Newport Capital Fund III, the closed-end, non-core real estate fund managed by Newport...

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SURS Executive Director Resigns

Champaign, IL — Martin Noven, executive director of the State Universities Retirement System (SURS), resigned his position on Feb. 18 to focus his attention on a new career opportunity. SURS Board of Trustees thanked Noven for his accomplishments over the past...

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SURS Approves Real Estate Allocation

Champaign, IL - The State Universities Retirement System (SURS) Board of Trustees on Jan. 29 voted to commit an additional $100 million to the Carlyle Property Investors (CPI) real estate fund subject to completion of subscription documents. An initial investment...

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