News Features

Nov-08-19 Global Equity Search

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

Sep-25-19 Medicare Advantage Open Enrollment

The State of Illinois TRAIL Medicare Advantage open enrollment period for participating annuitants and survivors is October 15 - November 15, 2019. The 2020 plan year will begin January 1, 2020, and will run through December 31, 2020.

Aug-27-19 Vogel Selected to Serve on SURS Board of Trustees

Mitchell Vogel, a SURS annuitant and former board member, has been selected to fill a vacancy on the SURS Board of Trustees by the elected SURS trustees. The vacancy was created when elected annuitant board member John Engstrom resigned after the June 2019 board meeting.

Vogel was a SURS board member from 2004 through 2015. During his tenure on the board, he served as board president for four years, as chairman of the Legislative and Corporate Governance Committees, and as a member of the Investment Committee.

Aug-07-19 Atkinson Appointed SURS Board Chair

Gov. Pritzker has appointed John Atkinson of Burr Ridge to serve as chairperson of the State Universities Retirement System (SURS) Board of Trustees.

On Aug. 2, the governor announced Atkinson will serve as the chairperson of the Illinois Board of Higher Education and, per state statute, will also serve as the chairperson for SURS.

Jul-31-19 SURS July Newsletter

The July Advocate is now available online, featuring articles on SURS new trustees, buyout extensions, the SMP redesign, a new supplemental plan, webinars, seminars, investments, legislation and more.

Jun-11-19 SURS Announces Board Vacancy

State Universities Retirement System (SURS) Executive Director Martin Noven today announced a vacancy on the SURS Board of Trustees. The elected annuitant seat will be filled by a majority vote of the other five elected trustees.

May-28-19 Pension Buyouts Begin July 1

Two voluntary pension buyouts - the Vested Inactive Buyout and the Tier I Automatic Annual Increase (AAI) Buyout - will begin July 1, 2019, for SURS members who meet the criteria. Applications for both buyouts will be available in June.

Apr-26-19 Benefit Choice Period for Health Insurance is May 1 - 31, 2019

The FY 2020 Benefit Choice Period to make health insurance changes is May 1 through May 31, 2019. This affects SURS active members as well as annuitants and survivors not enrolled in the Medicare Advantage 'TRAIL' Program. This is the only time of the year, other than when members experience a "qualifying change in status," that they may change their insurance coverage.

Members can view and make changes to their coverage through the MyBenefit’s website at www.MyBenefits.illinois.gov. Paper enrollment forms are no longer provided.

Apr-16-19 Governor Appoints Three Trustees to SURS Board

Gov. Pritzker has appointed Richard Figueroa, Jamie-Clare Flaherty and John Lyons to the State Universities Retirement System (SURS) Board of Trustees.

Figueroa, of Chicago, is the chief investment officer of Barrett-Lo Visionary Development. Before joining Barrett-Lo, he was the chief operating officer of Janko Group, the director of capital markets for the Opus Group and served as the director of acquisitions for Mansur & Company. Figueroa has a bachelor's degree from Yale University, a master’s degree in public policy and an MBA from the University of Chicago.

Mar-21-19 Important Message Concerning Automatic Dues Deductions - IPI Letter

SURS has learned that many of our members recently received a letter from the Illinois Policy Institute (IPI) urging them to end their automatic deductions for union dues and/or dues to retirement organizations.

This letter was sent without SURS knowledge or consent. SURS does not support this effort by the IPI or approve of any actions meant to dissuade our annuitants from joining or backing organizations of their choice.

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