|Jul-07-17||Legislature Passes FY 18 Budget including Optional Hybrid Plan||
The Illinois General Assembly, on July 6, successfully voted to override the governor's veto and passed a FY 18 budget that identifies the appropriation of funds for SURS and includes provisions for creating an optional hybrid pension plan that will be available to current Tier II members and future new hires. The new plan will not affect Tier I members, retirees or SMP members.
The Investment Consultant RFP posted on July 7, 2017, has been withdrawn. SURS anticipates reissuing a new RFP for a general investment consultant in October. The quiet period will remain in effect at least until the September 15, 2017 SURS Board of Trustees meeting. Contact Chief Investment Officer Doug Wesley with questions at firstname.lastname@example.org.
|Jul-05-17||Telecommunications SIP Trunking||
SURS is seeking proposals from qualified candidates to provide SIP trunking for its cloud based Unified Communications System. The proposed trunks will replace currently installed ISDN PRI and T1 trunk circuits. The qualified candidate will provide 100Mbps fiber transport entering the facility via a path not currently utilized.
|Jun-14-17||Governor Appoints SURS Trustee||
Gov. Bruce Rauner has appointed Mark J. Cozzi to the State Universities Retirement System (SURS) Board of Trustees.
Cozzi is the managing partner and founder of Lincoln Park Capital Group, which he founded in 2008. In 2011, he became senior managing director of the Electrum Group, an investment firm focused on the natural resources sector. He rejoined Lincoln Park Capital Group in 2014.
|May-01-17||Benefit Choice Enrollment Period Extended to June 1||
MyBenefits Service Center will continue to accept elections and voice mail messages regarding enrollment through 11:59 pm CT on June 1, 2017. Please note, every attempt will be made to return calls as soon as possible so that any members still awaiting a response from MyBenefits Service Center can complete their elections. Messages left by 11:59 pm CT on June 1 will have their Benefit Choice elections processed.
|Apr-11-17||SURS/SUAA 2017 Legislative Event||
On April 5, SURS partnered with the State Universities Annuitants Association (SUAA) for our annual legislative "Meet and Greet" in Springfield. Several legislators stopped by the SUAA office in downtown Springfield to talk with SURS and SUAA trustees and staff about issues important to our members.
|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.
|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.
|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.
|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.