The Illinois Office of Comptroller (IOC) has set the Fiscal Year 2017 rate of interest at 6.75 percent. Public Act 94-4 requires the IOC to annually set the effective rate of interest used in calculating accumulated normal contributions for use in the Money Purchase calculation.
Champaign, IL – Daniel Allen, chief investment officer (CIO) of the State Universities Retirement System of Illinois (SURS), has announced plans to retire later this year.
Champaign, IL - The Investment Committee, Corporate Governance Committee, Board Governance Committee, Executive Committee, Legal & Legislative Committee, Administration Committee, Audit & Risk Committee and the Board of Trustees of the State Universities Retirement System will meet on Thursday, March 10 and Friday, March 11, 2016.
Champaign, IL – On February 26, 2016, Gov. Bruce Rauner announced the appointment of Tom Cross to head the Illinois Board of Higher Education. According to the Illinois Pension Code, Cross will also serve as chairperson of the State Universities Retirement System (SURS) Board of Trustees.
Lindsay Anderson, current chairperson of the SURS Board of Trustees is resigning to accept a positon as the executive director of governmental relations for the University of Illinois.
Champaign, IL - The Investment Committee, Corporate Governance Committee and the Board of Trustees of the State Universities Retirement System will meet on Thursday, February 4, 2016. On Friday, February 5, 2016, SURS will hold a Trustee Educational Forum.