News Features

Mar-29-13 April Newsletter Now Available

The Legislative Advocate is now available. Learn more about recent pension legislation.

Mar-12-13 SURS Board Selects Real Estate Managers

The State Universities Retirement System (SURS) Board of Trustees approved the selection of core real estate managers J.P. Morgan and Heitman at their February 14, 2013, meeting in Chicago.

The System awarded $150 million each to J.P. Morgan’s JPMCB Strategic Property Fund and the Heitman America Real Estate Trust (HART). The search process began in September 2012.

Separately, the Board voted to terminate both a U.S. REIT and Global REIT relationship with RREEF, transferring approximately $200 million into the BlackRock Global Real Estate Securities Index Fund.

Mar-08-13 FY 2014 Benefit Fairs Scheduled

The Illinois Department of Central Management Services has scheduled health benefit fairs at 17 locations throughout the state from Chicago to Carbondale.  All members of the Group Insurance Program, including active state and university employees, retirees and survivors can attend.  The state-sponsored vendors for health, dental, vision and life insurance plans will be available to answer questions.

Click here for the complete schedule.

Mar-04-13 March Newsletter Now Available

The Technology Advocate is now available. Learn more about electronic services and educational webinars.

Feb-13-13 FY 2014 Effective Rates of Interest

The Effective Rates of Interest pertaining to the State Universities Retirement System (SURS) have been released.

The Illinois Office of Comptroller (IOC) has set the Fiscal Year 2014 rate of interest at 6.75 percent. Public Act 94-4 requires the IOC to annually set the effective rate of interest used in computing the Money Purchase Formula.

Feb-12-13 New Website Design

SURS is pleased to announce the launch of our new and improved website! The new design was created in-house by SURS staff to provide a more contemporary look with more efficient navigation. Now you can easily read the latest news, access the SURS Member Website, and find and print forms.

Feb-12-13 Payment Date Changes

The State Universities Retirement System will begin releasing funds for electronic direct-deposit annuity payments on the first day of each month. Previously the funds were released on the first working day of the month. Disability payments which had been released on the last working day of the month will now be released on the last day of the month.

Feb-12-13 Upcoming Web Events

SURS will be hosting several upcoming educational webinars for members and employers. Topics include Introduction to SURS for Newly Hired Employees, Navigating the Self-Managed Plan and Pre-Retirement.

Click here for more details and registration information for SURS webinars/seminars.

Feb-12-13 SURS 2012 Annual Report Posted

The SURS 2012 Comprehensive Annual Financial Report has been posted online for public viewing. SURS annual reports dating back to 2006 are also available.

Questions regarding the contents of the report should be directed to SURS Chief Financial Officer Phyllis Walker at 1-800-275-7877.

Click here to view the SURS 2012 Comprehensive Annual Financial Report.

Feb-12-13 New SURS Trustees

Governor Quinn recently appointed three trustees to the State Universities Retirement System (SURS) Board. 

New members include: Richard Figueroa, director of Capital Markets for The Opus Group in Chicago; Paul R.T. Johnson Jr., owner of LSU Trading in Chicago; and Craig McCrohon, a partner with Burke, Warren, MacKay & Serritella in Chicago.

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