Press Releases
The latest press releases from SURS. For press inquiries, click here.
SURS Lowers Assumed Rate to 6.5%, Assigns Millions to Real Assets Funds, Hires Executive Search Firm
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...
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.
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...
SURS Commits to Real Estate Debt Allocations, Updates DC Policy
Champaign, IL - The State Universities Retirement System (SURS) Board of Trustees on March 12 committed the lesser of $50 million or 10 percent of total fund commitments to Basis Investment Group Real Estate Fund II, subject to successful completion of contract...
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...
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...
SURS Certifies FY 2022 State Contribution, Sets Effective Rate of Interest
Champaign, IL - The State Universities Retirement System (SURS) Board of Trustees on Dec. 4 voted to certify the System’s fiscal year 2022 state contribution at $2,101,279,000, an increase of $105,512,000 from FY 2021. Each year, an independent actuary retained by...
SURS Approves FY 2022 State Contribution, Allocates Millions to Renewables Fund
Champaign, IL - The State Universities Retirement System (SURS) Board of Trustees on Oct. 15 certified the System’s preliminary state contribution for fiscal year 2022 at $2,102,981,000, an increase of $107,214,000 from FY 2021. The state’s contribution to the...
SURS Seeking First Chief Diversity Officer
The State Universities Retirement System of Illinois is searching for its first Chief Diversity Officer (CDO) to help shape and foster the system’s internal diversity and inclusion strategy, as well as strengthen investment manager and contractor programs. "SURS has a...
SURS Hires Private Credit Advisor, Allocates Money to Farmland Fund
Champaign, IL – The State Universities Retirement System (SURS) Board of Trustees on Sept. 11 voted to retain Meketa Investment Group as a discretionary private credit advisor, pending successful contract negotiations. Private Credit is a new component of the...