Meeting of the Audit & Risk Committee

March 5 @ 4:00 pm - 5:30 pm

Champaign, IL – The Audit & Risk Committee of the Board of Trustees of the State Universities Retirement System (SURS) will meet on Thursday, March 5, 2026, at the SURS Office at 1901 Fox Drive, Champaign, IL.

Times shown on the agenda that follows are approximate.

Members of the public who would like to make public comments during any SURS Board of Trustees or Committee meetings that are open to the public must comply with the requirements found in Title 80, Subtitle D, Chapter II, Section 1600.120 (i)(1) and (2) of the Illinois Register. Click here for details.

Optional Remote Connection for Public Members

Zoom Meeting Number: 1-312-626-6799 | Meeting ID: 827 7923 7138 Passcode: 267590

1. 4:00 p.m.

Roll Call of Trustees

2.* 4:00 p.m.

Motion to Allow Trustees to Participate Via Electronic Means pursuant to the Illinois Open Meetings Act, if Necessary

3.* 4:00 p.m.

Approval of the Audit & Risk Committee Meeting Minutes of:

a. December 4, 2025

Presenter: Trustee Fred Giertz

4.* 4:00 p.m.

Approval of the Closed Session Audit & Risk Committee Meeting Minutes of:

a. December 4, 2025

Presenter: Trustee Fred Giertz

5. 4:05 p.m.

Chairperson’s Report

Presenter: Trustee Fred Giertz

6. 4:10 p.m.

Chief Internal Auditor Report

Presenter: Ms. Jackie Hohn

7. 4:15 p.m.

External Audits

a. Fiscal Year 2025 Auditor’s Report and Financial Audit

b. Required Communications to the Board

Presenter: Ms. Jackie Hohn

8. 4:20 p.m.

Internal Audits

a. Investments

Presenter: Ms. Jackie Hohn

9.* 4:30 p.m.

Approval of Changes to FY26 Audit Plan

Presenter: Ms. Jackie Hohn

10. 4:40 p.m.

Security Update – Closed Session

a. Quarterly IS Security Report

Presenter: Mr. Jefferey Saiger

11.* 4:55 p.m.

Fraud Report (if needed) – Closed Session

Presenters: Ms. Bianca Green and Ms. Jackie Hohn

12. 5:10 p.m.

Informational Items Not Requiring Committee Action

a. Quality Assurance and Improvement Program CY 2025

Presenter: Ms. Jackie Hohn

13. 5:15 p.m.

Public Comment

14.* 5:15 p.m.

Adjourn

* Denotes Action Item