Press Releases

The state of Illinois TRAIL Medicare Advantage Prescription Drug (MAPD) open enrollment period for participating annuitants and survivors is October 15 through November 15, 2023. The 2024 plan year will begin January 1, 2024, and will run through December 31, 2024....

Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees on Sept. 8 voted to commit $75 million to Brookfield Strategic Real Estate (BSREP) Fund V, of Toronto, Canada, subject to successful contract negotiations. BSREP currently...

SURS has been chosen as a recipient of a 2023 Leadership Recognition Award by the National Association of Government Defined Contribution Administrators, Inc (NAGDCA) for the design and rollout of its Deferred Compensation Plan (DCP). The NAGDCA Awards recognize the...

Check it out! Learn about the upcoming 2024 trustee election, DCP auto enrollment, the FY 2024 state budget, educational webinars, recent legislation that affects SURS members, investment updates and more.https://surs.org/news-publications/publications/newsletter/

Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees on June 2 voted to retain Callan as the System’s real assets consultant for the next five years, subject to successful contract negotiations. Callan has served in that capacity...

Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees on April 20 voted to approve implementing changes to their investment strategic policy allocation targets over the next few months. SURS does not expect any Principal Protection...

Champaign, IL – The State Universities Retirement System (SURS) has created an online Diverse Manager Portal designed specifically to provide an opportunity for diversely-owned investment management firms with greater than 51% ownership by minorities, women, or...

Legislation would transfer proxy voting authority to state treasurer, compromising the ability of SURS board to protect assets from undue political influence and to fulfill fiduciary obligations to SURS membership Champaign, IL – The State Universities Retirement...

Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees on Feb. 2 voted to retain incumbent defined contribution consultant CAPTRUST for the System’s two defined contribution plans for a five-year term, subject to successful contract...

1099-R Tax Forms Are Now Available Online SURS has completed its paper mailing of the 2023 IRS Form 1099-R to each member or beneficiary who received a distribution in 2022. Members may log in to the SURS secure Member Website and print a copy if needed. The 1099-R...