News Features

Apr-11-17 SURS/SUAA 2017 Legislative Event

On April 5, SURS partnered with the State Universities Annuitants Association (SUAA) for our annual legislative "Meet and Greet" in Springfield. Several legislators stopped by the SUAA office in downtown Springfield to talk with SURS and SUAA trustees and staff about issues important to our members.

Mar-24-17 Network Penetration and Vulnerability Testing

SURS is seeking proposals from qualified candidates to conduct security assessments annually for three years. These assessments should give SURS a better understanding of potential vulnerabilities and risks that may be visible from the internet. Testing should be from the perspective of an outside attacker with no inside knowledge of the network.

Mar-17-17 SURS Selects CIO

The State Universities Retirement System (SURS) Board of Trustees has hired Douglas Wesley as Chief Investment Officer (CIO).

Wesley, who had been serving as interim CIO since former CIO Dan Allen’s retirement in August of 2016, has been with SURS for 19 years.

Feb-17-17 Passive Provider Search

The State Universities Retirement System of Illinois (SURS) requests proposals from qualified firms to provide passive investment management services. SURS is issuing the RFP for due diligence purposes, to ensure its receipt of quality services at cost-effective, market pricing.

Jan-31-17 SURS January Newsletter Available

The January Advocate is now available online, featuring articles on our new executive director, the legal and legislative team, employee of the year, investments, the Self-Managed Plan, legislation and upcoming webinars and seminars.

Jan-05-17 Network Upgrade

The deadline of this RFP has been extended to February 13th at 4:30 p.m.

The State Universities Retirement System (SURS), 1901 Fox Drive, Champaign, IL 61820, is requesting proposals to update Network Switches and Firewalls, and implement Identity Services and Endpoint protection. Businesses owned by minorities, women, and persons with disabilities are encouraged to submit proposals.

Dec-30-16 Credit granted for furlough and voluntary pay reduction

On Aug. 26, 2016, PA 99-0897 was signed into law allowing certain SURS participants to establish service and earnings credit for periods of furlough or periods of voluntary pay reduction taken in lieu of furlough. Eligible SURS participants must have periods of furlough or periods of voluntary pay reduction taken in lieu of furlough beginning on or after July 1, 2015, and ending on or before June 30, 2017.

Dec-29-16 Repaying Survivor Refunds to Restore Survivor Benefits

On July 29, 2016, Public Act 99-0682 was signed into law allowing certain Traditional Plan annuitants the opportunity to repay their survivor refunds taken at retirement in order to make survivor benefits available to their spouse/civil union partner. Eligible SURS retirees may restore their survivor's benefits by making a one-time, irrevocable election to repay their lump-sum survivor contribution refund or additional annuity, with interest.

To be eligible, a SURS annuitant must meet the following requirements:

Oct-17-16 SURS Board of Trustees Names New Director

The State Universities Retirement System (SURS) Board of Trustees has selected Martin Noven as the new executive director of the $18 billion state pension fund. Noven’s appointment becomes effective November 2, 2016.

Oct-06-16 Medicare Advantage Open Enrollment

The state of Illinois offers annuitants and survivors a healthcare program called Total Retiree Advantage Illinois (TRAIL). This program provides eligible members and their covered dependents comprehensive medical and prescription drug coverage through Medicare Advantage plans (commonly referred to as "MAPD" plans). The State of Illinois Group Insurance Program also includes vision coverage and optional dental and life insurance coverage.

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