Press Releases

As you start your Spring cleaning, it's a good time to review your SURS account! Update your account and contact information as well as beneficiaries. Log in to the SURS secure Member Website at any time to view your most current account information via your personal...

Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees, during their meetings March 6 and 7, approved adjustments to asset allocation targets. This approval also gives SURS staff the discretion to implement the updated policy targets by...

Central Management Services of Illinois (CMS) Bureau of Benefits shared the following update on March 7. View it at https://cms.illinois.gov/benefits/stateemployee/statehealth.html. For any questions, please contact MyBenefits at MyBenefits.illinois.gov. Because SURS...

Health Alliance recently announced they will be closing at the end of the calendar year for all plans except for Medicare Advantage. At this time, we have limited information. If you are affected by this change, it is our understanding that you will be able to select...

1099-R tax forms are now available online! SURS has completed its paper mailing of the 2024 IRS Form 1099-R to each member or beneficiary who received a distribution in 2024. Members may log in to the SURS secure Member Website to print a copy. The 1099-R forms can be...

Yesterday, President Biden signed H.R. 82, the Social Security Fairness Act, into law. It previously passed the U.S. House of Representatives on November 12, 2024, and the U.S. Senate on December 21, 2024.  The Social Security Fairness Act does not impact SURS...

On Saturday, Dec. 21, the U.S. Senate passed H.R. 82, the Social Security Fairness Act, that would repeal two federal policies - the Government Pension Offset (GPO) and Windfall Elimination Provision (WEP). The GPO and WEP reduce Social Security payments to many...

The trustees of the State Universities Retirement System (SURS) on Dec. 7 approved retaining J.P. Morgan Asset Management (JPM) and Man Numeric to manage 130/30 equity extension mandates for US and non-US portfolios, respectively, pending successful contract...

The State Universities Retirement System’s Board of Trustees voted unanimously on Oct. 24 to commit the lesser of $50 million or 10% of total fund commitments to Belay Ventures Fund IV, subject to successful contract negotiations. This is a new relationship for SURS...

The state of Illinois TRAIL Medicare Advantage Prescription Drug (MAPD) open enrollment period for participating annuitants and survivors is Oct. 15 - Nov. 15, 2024. The 2025 plan year will begin Jan. 1, 2025, and will run through Dec. 31, 2025.  The state of Illinois...