Meeting of the Board of Trustees

March 6 @ 11:00 am - 12:00 pm

Champaign, IL – The Administration Committee of the Board of Trustees of the State Universities Retirement System (SURS) will meet on Friday, March 6, 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: 876 3775 8150 Passcode: 514973

1. 11:00 a.m.

Roll Call of Trustees

2.* 11:00 a.m.

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

3.* 11:00 a.m.

Approval of the Board Meeting Minutes of:

a. December 5, 2025

Presenter: Chairman John Lyons

4.* 11:00 a.m.

Approval of the Closed Session Board Meeting Minutes of:

a. December 5, 2025

Presenter: Chairman John Lyons

5. 11:00 a.m.

Chairperson’s Report

Presenter: Chairman John Lyons

6. 11:05 a.m.

Discussion of Fiscal Year 2027 Compensation Adjustments

Presenters: Ms. Nichole Hemming and Mr. Joe Rice of CBIZ

7.* 11:10 a.m.

Board Travel

Presenter: Ms. Suzanne Mayer

8.* 11:15 a.m.

Review and Approval of Committee Actions

a. Audit & Risk Committee

b. Administration Committee

Presenter: Committee Chair

9. 11:25 a.m.

Report of Investment Committee Actions

Presenter: Trustee Scott Hendrie

10. 11:30 a.m.

Personnel Items – Closed Session, if Necessary

Presenter: Chairman John Lyons

11.* 11:35 a.m.

General Counsel’s Litigation Report – Closed Session

a. Potential Litigation, if any

b. Pending Litigation

Presenter: Ms. Bianca Green

12. 11:50 a.m.

Informational Items Not Requiring Board Discussion or Action

a. General Counsel’s FOIA Report

b. Comparative Financial Reports and Budget Variance

c. Member Services Division Report

d. Retirement Savings Plan Update for the Quarter Ending December 31, 2025

Presenter: SURS Staff

13. 11:50 a.m.

Public Comment

14. 11:55 a.m.

Trustee Comment

15.* 12:00 p.m.

Adjourn

* Denotes Action Item