News Features

Mar-13-15 SURS Board of Trustees Names New Director

The State Universities Retirement System Board of Trustees today unanimously selected W. Bryan Lewis as the new executive director of the $17.4 billion state pension fund. Lewis’ appointment becomes effective April 6, 2015.

“Mr. Lewis has more than 15 years of experience in institutional investments and financial management,” said Lindsay Anderson, SURS Board of Trustees chairperson. “His broad experience and in-depth knowledge will be a true asset to the System in the years to come as we strive to secure and deliver the retirement benefits promised to our members.”

Mar-04-15 SURS Website Survey Results

In a recent online survey conducted by SURS, our website users overwhelmingly describe the site as well done and easy to navigate. Over 80 percent said they found exactly what they were looking for when they logged on. 

Feb-20-15 February Newsletter Now Available

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Feb-18-15 New Money Purchase Factors Effective Date Set

The SURS Board of Trustees recently set the effective date for changes to the Money Purchase factors as January 4, 2016. The changes to the factors are a result of a recent actuarial experience study* which recommended a reduction of the assumed rate of investment return and updated mortality tables to reflect an overall increased life expectancy. An actuarial experience study is required by state statute at least once every five years.

Jan-29-15 Retiree Health Insurance Premiums Class Action Lawsuit Information

                                        Updated Feb. 6, 2015

Retiree Health Insurance Premiums Class Action Lawsuit Information

Jan-27-15 SURS 2014 Annual Report Released

SURS has posted its 2014 Comprehensive Annual Financial Report. The 104-page report outlines the System’s financial statements, investment results, funding analyses, and benefit payments.

SURS annual reports dating back to 2006 are also available online.

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 2014 Comprehensive Annual Financial Report

Jan-15-15 SURS Retirement Seminars

SURS is offering spring retirement education seminars for Traditional and Portable Plan members in Champaign & Naperville.

Nov-21-14 Circuit Judge Finds Pension Reform Unconstitutional

Circuit Judge Finds Pension Reform Unconstitutional

In a written decision dated November 21, 2014, Judge John Belz of the Sangamon County Circuit Court entered a final declaratory judgment that “Public Act 98-0599 is unconstitutional and void in its entirety.”  The court also ordered that the preliminary injunction preventing State defendants (including SURS) from implementing the Act since May 14, 2014, become permanent.

Nov-20-14 Medicare Advantage 2014 Open Enrollment Information

                                         Updated January 15, 2015

Oct-01-14 SURS SMP Unified Statements Now Available Online Only

Beginning with the 3rd Quarter Unified Statements, as part of a continuing effort to create greater efficiencies, SURS will no longer mail paper copies to Self-Managed Plan members. Unified Statements will be available online only via the SURS Member Website.  Quarterly statements are also available on Provider (TIAA-CREF and Fidelity) websites. 

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