|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.
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.
|Sep-30-16||State Switching to Electronic Insurance Forms via Third-Party Vendor Website||
Effective September 30, 2016, the State Universities Retirement System’s (SURS) assistance with the enrollment of all member, retiree and survivor health insurance coverage will change.
|Sep-12-16||Cloud-based Contact Center Infrastructure Services||
The State Universities Retirement System of Illinois (SURS) is seeking a qualified provider of Cloud-based Contact Center Infrastructure Services to replace existing contact center technology. The goal is to improve contact center performance as well as customer satisfaction. Scheduled implementation is planned for early 2017.