Title: | State Universities Retirement System Board of Trustees |
Website: | State Universities Retirement System Board of Trustees |
Contact Name: | Martin Noven |
Contact Title: | Executive Director, Board of Trustees, State Universities Retirement System |
Contact Phone: | 217.378.8877 |
Contact E-Mail: | Executive_Director@surs.org |
Function: | The Board administers State Universities Retirement System that provides annuities to faculty and nonacademic employees of state universities and colleges, Class 1 community colleges, scientific surveys, and other related agencies. |
Term: | After an initial period of staggered terms consisting of either 3 year or 6 year terms, terms for the trustees shall be 6 years. |
Senate Confirmation: | Yes |
Party Affiliation: | N/A |
Qualifications: | See composition |
Compensation: | Expenses |
Composition: | 11 trustees as follows:
- Chair of Higher Education
- 4 trustees appointed by the Governor, who are not members of the system, who shall not hold an elected state office
- 4 trustees who are active participants elected by active participants (max. 2 from U of I)
- 2 annuitant trustees elected by annuitants (max. 1 from U of I)
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Chair: | Appointed by the Governor from among the trustees |
Authority: | 40 ILCS 5/15‑159 |