Meeting of the Investment Committee

March 5 @ 9:00 am -3:30 pm

Champaign, IL – The Investment 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. 9:00 a.m.

Roll Call of Trustees

2.* 9:00 a.m.

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

3.* 9:00 a.m.

Approval of the Investment Committee Meeting Minutes of: December 4, 2025

Presenter: Trustee Scott Hendrie

4.* 9:00 a.m.

Approval of the Closed Session Investment Committee Meeting Minutes of: December 4, 2025

Presenter: Trustee Scott Hendrie

5. 9:05 a.m.

Chairperson’s Report

Presenter: Trustee Scott Hendrie

6. 9:10 a.m.

CIO Report

Presenter: Mr. Michael Schlachter

7. 9:15 a.m.

Pending Investment Procurement Items – Closed Session

Presenter: Mr. Michael Schlachter

8.* 9:30 a.m.

Investment Manager Termination(s) – Closed Session

Presenter: Mr. Michael Schlachter

9. 9:35 a.m.

Tail Risk Report – Closed Session

Presenters: Mr. Michael Schlachter and Mr. Colin Bebee, Meketa

10. 9:45 a.m.

Annual Review of Retirement Savings Plan (RSP) and Deferred Compensation Plan (DCP)

Presenters: Ms. Jessica Pickens, Mr. Mark Rowe, and CAPTRUST

11. 10:35 a.m.

Review of Lifetime Income Strategy (LIS)

Presenter: Alliance Bernstein

12.* 11:35 a.m.

Review and Approval of Defined Contribution Investment Policy

Presenters: Ms. Jessica Pickens and CAPTRUST

13. 11:55 a.m.

Crisis Risk Offset (CRO) and Trend Following (Educational Session)

Presenter: Ms. Jessica Pickens and Mr. Colin Bebee, Meketa

12:25 p.m.

Lunch

14.* 1:00 p.m.

Crisis Risk Offset Manager Selection – Closed Session

Presenter: Ms. Jessica Pickens, Meketa and Manager

15. 1:45 p.m.

Investment Risk Report

Presenter: Mr. Michael Schlachter and Ms. Jessica Pickens

16. 2:15 p.m.

Quarterly Performance Review

Presenter: Mr. Colin Bebee, Meketa

17. 2:30 p.m.

Corporate Governance Update

Presenter: Ms. Stephany Brinkman

18. 2:35 p.m.

Informational Items Not Requiring Committee Discussion or Action

Presenter: SURS Staff

19. 2:35 p.m.

Public Comment

20. 2:40 p.m.

Trustee Comment

21.* 3:05 p.m.

Adjourn

* Denotes Action Item