Press Releases

Oct-11-17 Statement on Optional Hybrid Plan Savings

Recently, the Center for Tax and Budget Accountability published an article on the Optional Hybrid Plan (referred to as the "Tier 3 Plan") created by Public Act 100-0023. However, this article misrepresented some key issues.

Oct-02-17 State Universities Retirement System Board Meeting

Champaign, IL – The Investment Committee of the Board of Trustees of the State Universities Retirement System (SURS) will meet on Wednesday, Oct. 4, 2017, at Adams Street Partners, 1 North Wacker Drive in Chicago.

Sep-21-17 SURS to Hold 2018 Board Election

The State Universities Retirement System (SURS) Board of Trustees and Executive Director Martin Noven on Friday announced SURS will hold a trustee election in 2018 to fill three expiring trustee terms. The board approved hiring Election-America, a full-service election management company, to conduct the election.

Sep-11-17 State Universities Retirement System Board Meetings

Champaign, IL – The Audit & Risk Committee, Administration Committee, Investment Committee, Legal & Legislative Committee, Executive Committee and the Board of Trustees of the State Universities Retirement System (SURS) will meet on Thursday, Sept. 14 and Friday, Sept. 15, 2017, at the State Universities Retirement System, 1901 Fox Drive, in Champaign.

Jun-16-17 SURS Board Maintains Assumed Rate of Return, Approves Private Equity Funding Plan

The State Universities Retirement (SURS) Board of Trustees on June 9, voted to keep the System’s long-term expected rate of investment return at 7.25 percent for FY 2018. SURS annually reviews the rate for reasonableness with the assistance of actuarial and investment consultants. The rate was most recently reduced in 2014 from 7.75 percent to the current rate.

Jun-05-17 State Universities Retirement System Board Meetings

Champaign, IL - The Administration Committee, Investment Committee, Audit & Risk Committee, Administration Committee, Legal & Legislative Committee, Executive Committee and the Board of Trustees of the State Universities Retirement System (SURS) will meet on Thursday, June 8 and Friday, June 9, 2017, at Northern Trust, 50 S. LaSalle in Chicago.

Apr-24-17 SURS Board Approves Private Real Estate Debt Search, Restructures Passive Management Search

The State Universities Retirement System’s (SURS) Board of Trustees on Thursday approved a formal search for firms to provide non-core, private commercial real estate debt commingled fund investment management services. One or more investment managers will be hired to manage a total of $20-$60 million. The purpose of the allocation is to reduce total plan risk and diversify the portfolio.

Apr-17-17 State Universities Retirement System Board Meetings

Champaign, IL - The Investment Committee and the Board of Trustees of the State Universities Retirement System (SURS) will meet on Thursday, April 20, 2017, at Northern Trust, 50 S. LaSalle in Chicago.

Mar-17-17 SURS Selects CIO

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

Mar-15-17 SURS Board Approves Investment Actions, Reviews

The State Universities Retirement System’s (SURS) Board of Trustees took the following actions during its March 10 meeting

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