News Features

Feb-06-19 Real Assets Investment Searches

Callan, on behalf of the State Universities Retirement System (SURS), is requesting information from qualified firms interested in providing real asset investment services, which are limited to private real estate and infrastructure. All information and required documents are available on Callan’s website (www.callan.com) and on the SURS website (www.surs.org).

Feb-05-19 Spam Alert

SURS has been made aware of a spam messaging campaign that looks to have originated from one of our accounts – security@surs.org. Please be aware that these messages are not authentic. Our information security team has taken the necessary steps to remedy the situation.  We apologize for any inconvenience this may have caused.

Jan-18-19 Recordkeeping Services and Investment Services for the SURS 401(a) and 457(b) Retirement Plans

The State Universities Retirement System (SURS) has issued this Request for Proposal (RFP) to procure full service recordkeeping, custodial, and investment services for the Self-Managed Plan ("SMP"), an IRC Section 401(a) retirement plan, and a new supplemental plan under IRC Section 457(b) ("Supplemental Plan").

SURS is seeking to redesign the SMP to help better enable participants to maintain their standard of living in retirement. SURS is launching the Supplemental Plan to provide members with the tools they need to address any retirement readiness gaps.

Jan-15-19 SURS FY 2018 Financial Report

SURS 100-page annual report outlining assets; liabilities; employer contributions; investment policies, objectives and performance highlights; manager fees; membership and benefit statistics and more is available online for members to review. It is divided into five sections for easy navigation.

SURS FY 2018 Comprehensive Annual Financial Report

 

Jan-10-19 Self-Managed Plan Pre-Retirement Seminars

There are no seminars scheduled at this time. Please check back at a later date for future events.

SURS is offering a "Self-Managed Plan Pre-Retirement" seminars for members both active and inactive who are five years away from retirement. The seminars will be from approximately 9:00 A.M. to 12:30 P.M.

Registration is currently limited to members who are 50 years of age or older.

Jan-08-19 Understanding Your SURS Benefits Webinar - Tier I

This webinar will provide an overview of SURS Tier I benefits, with a focus on retirement. Earning & purchasing service credit, sick leave, refunds, reciprocal time, disability, death & survivor benefits, insurance, retirement calculations, & applying for retirement will all be discussed.

Jan-04-19 Retirement Education Seminars (Champaign)

SURS is offering Retirement Education Seminars for Tier I members enrolled in the Traditional and Portable plans. The following one-day seminars will be held at the SURS office in Champaign. The sessions will be specific to your employer type.

These seminars will be held from approximately 9:00 A.M. to 2:15 P.M. Registration is required. The enrollment fee is $20 per member and $10 for a non-member guest. Lunch will be provided.

Jan-04-19 Retirement Education Seminars (Naperville)

SURS is offering Retirement Education Seminars for Tier I members enrolled in the Traditional and Portable plans. The following one-day seminars will be held at the SURS office located within the NIU-Naperville Outreach Center in Naperville, IL. The sessions will be specific to your employer type.

Dec-19-18 Private Equity Consultant

The State Universities Retirement System (SURS) requests proposals from firms to provide private equity consulting and/or management services to SURS investment staff and board of trustees. SURS is issuing the RFP for due diligence purposes, to ensure its receipt of quality services in a cost-effective manner.

Dec-10-18 SURS to Recoup Over $4 Million from Wells Fargo in Settlement

The State Universities Retirement System (SURS) will receive a $4,312,500 settlement from Wells Fargo as a result of legal action against the bank by Illinois Attorney General Lisa Madigan.

On Dec. 4, Madigan’s office announced a $17.25 million settlement with Wells Fargo over the sale of risky residential mortgage-backed securities leading up to the 2008 economic collapse.

The settlement resolves an investigation into the bank’s failure to disclose the true risk of residential mortgage-backed investments.

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