MINUTES - surs.org

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MINUTES

Quarterly Meeting of the Board of Trustees of the State Universities Retirement System

Friday, June 5, 2020, 11:15 a.m. State Universities Retirement System

Via remote access only due to COVID-19 statewide restrictions

The meeting of the Board of Trustees of the State Universities Retirement System convened on June 5, 2020, at 11:15 a.m. via zoom (video conference) based on the Executive Order that temporarily amended the Open Meetings Act to allow public meetings to be conducted via phone or video conference. The following trustees were present via video conference (zoom): Mr. John Atkinson, chair, Mr. Aaron Ammons, Mr. Richard Figueroa, Ms. Jamie-Clare Flaherty, Dr. Fred Giertz, Mr. John Lyons, Mr. Scott Hendrie, Dr. Steven Rock, Mr. Antonio Vasquez, Mr. Collin Van Meter and Mr. Mitch Vogel. Others present via video conference (zoom): Mr. Martin Noven, Executive Director; Mr. Doug Wesley, Chief Investment Officer (CIO); Ms. Bianca Green, General Counsel; Mr. Albert Lee, Associate General Counsel; Ms. Kristen Houch, Head of Legislative Affairs; Ms. Suzanne Mayer, Chief Benefits Officer; Ms. Tara Myers, Chief Financial Officer, Ms. Jackie Hohn, Chief Internal Auditor; Ms. Kelly Carson, Ms. Chelsea McCarty, and Ms. Annette Ackerman, Executive Assistants; Mr. Michael Calabrese of Foley and Lardner and Caren Lock of TIAA. Board of trustees roll call attendance was taken. Trustee Ammons, present, Trustee Atkinson, present; Trustee Figueroa, present; Trustee Flaherty, present; Trustee Hendrie, present; Trustee Lyons, present; Trustee Rock, present; Trustee Van Meter, present; and Trustee Vasquez, present.

PUBLIC COMMENT

There were no public comments presented to the board of trustees.

APPROVAL OF MINUTES

Trustee Atkinson presented the minutes from the SURS Board of Trustees meeting of March 12, 2020. Trustee Giertz made the following motion:

• That the minutes from the March 12, 2020 SURS Board of Trustees meeting be approved as presented.

Trustee Rock seconded and the motion carried with all trustees present voting in favor.

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APPROVAL OF CLOSED SESSION MINUTES

Trustee Atkinson presented the closed minutes from the SURS Board of Trustees meeting of March 12, 2020. Trustee Vasquez made the following motion:

• That the closed minutes from the March 12, 2020 Administration Committee meeting be approved and remain closed.


SEMIANNUAL REVIEW OF CLOSED MINUTES Trustee Atkinson presented the closed session minutes from all board committee meetings that are currently up for semiannual review. Ms. Green presented the board with her recommendations regarding the status of open and closed session minutes and verbatim recordings maintained at SURS per the state statute. Trustee Giertz made the following motion:

• That the closed session minutes from the April 19, 2018 SURS Board of Trustees meeting remain closed.

• That the closed session minutes from the June 8, 2018 SURS Board of Trustees meeting remain closed.

• That the closed session minutes from the September 14, 2018 SURS Board of Trustees meeting remain closed.

• That the closed session minutes from March 8, 2019 SURS Board of Trustees meeting remain closed.

• That the closed session minutes from April 18, 2019 SURS Board of Trustees meeting remain closed.

• That the closed session minutes from October 1, 2019 SURS Board of Trustees meeting remain closed.

• That the closed session minutes from October 16, 2019 SURS Board of Trustees meeting remain closed.

• That the closed session minutes from January 30, 2020 SURS Board of Trustees meeting remain closed.

• That the closed session minutes from March 7, 2019 Executive Committee meeting remain closed. • That the closed session minutes from September 12-13, 2019 Investment Committee meetings

remain closed. • That the closed session minutes from January 30, 2020 Investment Committee meeting remain

closed. • That the closed session minutes from September 13, 2019 Administration Committee meeting

remain closed.

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• That the closed session minutes from October 17, 2019 Administration Committee meeting remain closed.

• That the closed session minutes from March 8, 2019 Audit & Risk Committee meeting remain closed.

• That the closed session minutes from December 5, 2019 Audit & Risk Committee meeting remain closed.

• That the closed session minutes from December 5, 2019 Legal & Legislative Committee meeting remain closed.

Trustee Van Meter seconded and the motion carried with all trustees present voting in favor. Trustee Giertz made the following motions:

• That the closed session minutes from the December 6, 2019 SURS Board of Trustees meeting be opened.

• That the closed session minutes from the October 17, 2019 Investment Committee meeting be opened.


REVIEW OF VERBATIM RECORDS Trustee Giertz made the following motion:

• That the verbatim recording of the closed committee and board meetings from June 7, 2018; June 8, 2018; July 25, 2018; September 13, 2018; September 14, 2018; and October 18, 2018 be discarded in accordance with 5 ILCS 120/2.06(c)(1)(2).


CHAIRPERSON’S REPORT

Trustee Atkinson commented on the difficult times we are facing with the pandemic and recent protests across the nation. He reminded everyone of the importance of our members and he stated that the SURS board is committed to equity and diversity. Trustee Atkinson also thanked the SURS staff for their ability to pivot quickly and implement remote working.

EXECUTIVE DIRECTOR’S REPORT

Mr. Noven reaffirmed SURS’ commitment to diversity and noted that it will continue to work toward this goal with the hope that SURS will continue to be a leader in this area.

BOARD TRAVEL

Mr. Noven presented the board with travel and conference opportunities stating that due to the recent pandemic, no new items have been added. Mr. Noven encouraged trustees to continue to make

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suggestions for future educational opportunities. Trustee Vogel reminded staff and trustees of the upcoming virtual CII conference this fall. A copy of the staff memorandum titled “Board Training Requirements and Travel Approval” with the list of upcoming training opportunities as of June 2020 is incorporated as part of these minutes as Exhibit 1 and Exhibit 2.

FIDUCIARY COUNSEL DISCUSSION

Mr. Michael Calabrese of Foley and Lardner provided a brief introduction on the role of the fiduciary counsel. Guidance was provided on how to handle economic displacement, how to address specific diversity concerns and how to work towards achieving diversity investment goals by applying the results of various finanical studies that can be used to support future decisions in this area. Mr. Calabrese stated that Foley and Lardner would like to offer their support in developing a road map of “do’s, don’ts and best practices” to assist the board in these areas and he opened the floor for further discussion of he above topics.

ELECTION OF EXECUTIVE COMMITTEE OFFICERS AND AT LARGE EXECUTIVE COMMITTEE MEMBERS FOR FY 2021

It was the consensus of present trustees to nominate the board officers and executive committee members for fiscal year 2021. Trustee Atkinson opened the floor for nominations; no other nominations were received. Trustee Vogel made the following motion:

• That Collin Van Meter be elected vice-chair for fiscal year 2021.

• That John Lyons be elected treasurer for fiscal year 2021.

• That Mitch Vogel and Fred Giertz be elected as at-large members of the Executive Committee for fiscal year 2021.

Trustee Hendrie seconded and the motion carried with all trustees present voting in favor. APPROVAL OR AMENDMENT OF THE EXECUTIVE COMMITTEE NOMINATIONS AND ELECTION OF STANDING COMMITTEE CHAIRS AND COMMITTEE MEMBERS FOR FY

2021

Trustee Rock made the following motion:

• That the trustees nominated by the Executive Committee as chair and members of standing committees for fiscal year 2021 be elected.

Trustee Flaherty seconded and the motion carried with all trustees present voting in favor.

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A copy of the staff memorandum titled “Revised Committee Assignments 6/2020” is incorporated as part of these minutes as Exhibit 3.

REVIEW OF COMMITTEE ACTION

Investment Committee: On behalf of the Investment Committee, Trustee Atkinson presented the committee actions. The Investment Committee recommends to the board:

• That based on the recommendation of SURS staff, the board of trustees approve staff to conduct a search to identify a qualified private credit investment consultant.

• That based on the recommendation of SURS staff and Meketa, the board of trustees approve the

commitment of $225 million to the PIMCO DiSCO Fund III, subject to successful completion of contract negotiations. Roll call vote:

Trustee Ammons - absent Trustee Atkinson - aye Trustee Figueroa - aye Trustee Flaherty - aye Trustee Hendrie - aye Trustee Giertz - aye Trustee Lyons - aye Trustee Rock - aye Trustee Van Meter - aye Trustee Vasquez - absent Trustee Vogel - nay

• That based on the recommendation of SURS staff and Callan, the board of trustees approve a

commitment of the lesser of 10% of total fund commitments or $50 million to Longpoint Realty Fund II, subject to successful completion of contract negotiations. Roll call vote:

Trustee Ammons - absent Trustee Atkinson - aye Trustee Figueroa - aye Trustee Flaherty - aye Trustee Hendrie - aye Trustee Giertz - aye Trustee Lyons - aye Trustee Rock - aye Trustee Van Meter - aye Trustee Vasquez - absent Trustee Vogel - aye

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• That based on the recommendation of SURS staff and Meketa, the board of trustees approve the retention of GQG Partners and Ariel Investments for global equity mandates, subject to successful contract negotiations. Roll call vote:

Trustee Ammons - absent Trustee Atkinson - aye Trustee Figueroa - aye Trustee Flaherty - abstain Trustee Hendrie - aye Trustee Giertz - aye Trustee Lyons - aye Trustee Rock - aye Trustee Van Meter - aye Trustee Vasquez - absent Trustee Vogel - aye

• That based on the recommendation of SURS staff and Meketa, the board of trustees approve

transferring the current EARNEST Partners U.S. equity mandate in full to a global equity strategy and adding a new global equity mandate to Strategic Global Advisors current agreement, subject to successful contract negotiations.

• That based on the recommendations of SURS staff and Meketa, the board of trustees grant

authority to staff to restructure the Traditional Growth portfolio to implement the agreed upon goals for the class, subject to successful completion of contract negotiations.

• That based on the recommendation of SURS staff, the board of trustees approve the revised Investment Procurement Policy, as presented.

The motions carried with the majority of trustees voting in favor. Administration Committee: On behalf of the Administration Committee, Trustee Van Meter presented the committee actions. The Administration Committee recommends:

• That the vacation policy for using excess vacation time shall be extended by two years.

• That the Fiscal Year 2021 Administrative Expense and Capital Expenditure Budgets be approved as presented with the following amendments: remove additional IT personnel, table the COLA increase and remove from the budget.

• That the projected Investment Department Investment Management Fees for Fiscal Year 2021 be accepted as presented.

The motions carried with all trustees present voting in favor.

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JULY 2020 REGULATORY AGENDA

Ms. Green presented the July 2020 Regulatory Agenda for approval, stating that no new items were added. She noted that twice per year, in January and July, a regulatory agenda must be filed with the Secretary of State’s Office in Springfield, Illinois. Trustee Flaherty moved:

• That the July 2020 Regulatory Agenda be approved as presented. Trustee Rock seconded the motion and the motion carried with all trustees present voting in favor. A copy of the July Regulatory Agenda is incorporated as part of these minutes as Exhibit 4.

APPROVAL OF PROPOSED RULEMAKING CHANGE – TRUSTEE ELECTION BALLOT

COUNTING PROCESS

Ms. Green reviewed the proposed rulemaking change related to JCAR Rule 1600.730, Return of Ballots and Ballot Counting Process. Ms. Green discussed the proposed substantive changes to the SURS regulations relating to the ballot counting process for trustee elections. Ms. Green further explained that the changes are needed to address the potential problem that could occur when SURS conducts its trustee election next spring due to separate elections that will occur with the filling of an unexpired term seat and a full-term seat in the annuitant election . Trustee Van Meter made the following motion:

• That the SURS Board of Trustees approve the proposed rulemaking changes to Section 1600.730 as a proposed Rulemaking Change for the First Notice publications by JCAR and the Secretary of State as required.

Trustee Rock seconded and a roll call vote was taken:

Trustee Ammons - Aye Trustee Atkinson - Aye Trustee Figueroa - Aye Trustee Flaherty - aye Trustee Hendrie - aye Trustee Giertz - abstain Trustee Lyons - aye Trustee Rock - aye Trustee Van Meter - aye Trustee Vasquez - absent Trustee Vogel - abstain

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A copy of the staff memorandum titled “Proposed Changes to Rule” and the statute relating to the ballot process are incorporated as part of these minutes as Exhibit 5 and Exhibit 6.

LEGISLATIVE UPDATE

Ms. Houch and Mr. Zahn provided the legislative update. Ms. Houch explained the FY 2021 budget and other legislation impacting SURS. Discussions continued as Ms. Houch and Mr. Zahn addressed questions raised by the trustees. Mr. Zahn announced that he accepted a position with the Firefighters’ Pension Investment Fund, effective July 1, 2020. He thanked the trustees for having the opportunity to work with SURS. Copies of the reports titled “Spring Session 2020” and “Regular Session Legislation” are incorporated as part of these minutes as Exhibit 7 and Exhibit 8.

INFORMATIONAL ITEMS NOT REQUIRING BOARD ACTION

1. Exhibit 9 – General Counsel’s FOIA Report 2. Exhibit 10 – Comparative Financial Reports 3. Exhibit 11 – Member Services Division Reports 4. Exhibit 12 – Self-Managed Plan Update for the Quarter Ending March 31, 2020

There was no further business brought before the committee and Trustee Vogel moved that the meeting be adjourned. The motion was seconded by Trustee Giertz and carried with all trustees present voting in favor.

Respectfully submitted,

Mr. Martin Noven

Secretary, SURS Board of Trustees

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MEMORANDUM

TO: Board of Trustees

FROM: Mr. Martin Noven Executive Director

RE: Board Training Requirements and Travel Approval

DATE: May 26, 2020

In order to assist Trustees in obtaining the 8 hours of annual training required by Public Act 96-0006, staff has developed the attached list of upcoming training opportunities. This list will be updated and provided to the Trustees with the regular meeting materials.

Public Act 96-0006 also requires that all Board travel be approved by a majority of Trustees in order to qualify for reimbursement of expenses in accordance with the Board’s Travel Approval and Expense Reimbursement Policy. Each Trustee is eligible to be reimbursed for two out-of-state trips, each fiscal year, for educational purposes. SURS is a voting member of the Council of Institutional Investors (“CII”). In March of 2013, the SURS travel policy was amended, to provide that attendance at the semi-annual meetings of CII not be included in the two-per-year limit for board member attendance at educational conferences, since such conferences are not educational meetings, rather, are working meetings of an organization of which SURS is a member.

Staff Recommends that the following motions be approved at this time:

• That the Board of Trustees travel to attend conferences or trainings listed on theJune 2020 list of Upcoming Training Opportunities be approved and that allresulting allowable expenses consistent with SURS travel policy be reimbursed.

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State Universities Retirement System Schedule of

Upcoming Training Opportunities As of June 2020

SURS Board/Committee Meetings for 2020

SURS Board and Committee Meetings June 4-5, 2020 SURS Board and Committee Meetings September 10-11, 2020 SURS Board and Committee Meetings October 15, 2020

Council of Institutional Investors

Title: 2020 Fall Conference Subject Matter: Corporate Governance Issues Sponsor: Council of Institutional Investors Date: September 21-23, 2020 Location: San Francisco, CA Registration Fee: Complimentary for members

Training Opportunities New Opportunity

Title: Trustee Leadership Forum for Retirement Security Subject Matter: Trustee Training and Investment Strategies Sponsor: Initiative for Responsible Investment Date: June 8-9, 2020 Location: Cambridge, MA Registration Fee: $150.00

Title: 31st Annual Pension and Financial Services Conference Subject Matter: Various Pension Topics Sponsor: NASP Date: June 15-17, 2020 Location: Chicago, IL Registration Fee: TBD

Title: Private Markets Breakfast Briefing Subject Matter: Various Investment Topics Sponsor: Pensions & Investments Date: June 16, 2020 Location: Chicago, IL Registration Fee: TBD

Title: Private Equity Exclusive Subject Matter: Various Investment Topics Sponsor: Pension Bridge Date: July 27-28, 2020 Location: Chicago, IL Registration Fee: TBD

Title: 2020 Annual Conference Subject Matter: Various Public Pension Topics Sponsor: NASRA Date: August 8-12, 2020 Location: Park City, UT Registration Fee: TBD

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Title: Public Pension Funding Forum Subject Matter: Pension Overview Sponsor: NCPERS Date: August 23-25, 2020 Location: Chicago, IL Registration Fee: TBD

Title: Global Markets Subject Matter: Various Investment Topics Sponsor: Pensions & Investments Date: September 29, 2020 Location: Chicago, IL Registration Fee: TBD

Title: 2020 NAGDCA Annual Conference Subject Matter: Defined Contribution Retirement Plans Sponsor: National Association of Government Defined Contribution Administrators Date: October 4-7, 2020 Location: Seattle, WA Registration Fee: TBD

Title: NCPERS Accredited Fiduciary Program Subject Matter: Pension Overview Sponsor: NCPERS Date: October 24-25, 2020 Location: Nashville, TN Registration Fee: TBD

Title: Illinois Digital Government Summit 2020 Subject Matter: Various Technology Topics Sponsor: Government Technology Date: October 29, 2020 Location: Springfield, IL Registration Fee: TBD

Title: Asset Allocation Subject Matter: Various Investment Topics Sponsor: Pensions & Investments Date: November 17, 2020 Location: Chicago, IL Registration Fee: TBD

Title: Asset Allocation Subject Matter: Various Investment Topics Sponsor: Pensions & Investments Date: November 17, 2020 Location: Chicago, IL Registration Fee: TBD

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Revised Committee Assignments 6/2020

Administration Audit & Risk Board Governance Collin Van Meter - C Scott Hendrie – C John Lyons – C John Atkinson Fred Giertz Jamie-Clare Flaherty Steven Rock Steven Rock Collin Van Meter Antonio Vasquez Antonio Vasquez

Diversity Investments Legal & Legislative Jamie-Clare Flaherty - C Antonio Vasquez - C Steven Rock – C Aaron Ammons Aaron Ammons Aaron Ammons John Atkinson Richard Figueroa Jamie-Clare Flaherty John Lyons Fred Giertz Fred Giertz Richard Figueroa Scott Hendrie John Lyons

Steven Rock Collin Van Meter Mitch Vogel

Executive Committee John Atkinson – Chair Collin Van Meter – Vice Chair John Lyons – Treasurer Fred Giertz Mitch Vogel

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ILLINOIS REGISTER

STATE UNIVERSITIES RETIREMENT SYSTEM


a) Part (Heading and Code Citation): Universities Retirement (80 Ill. Adm. Code 1600)

1) Rulemaking:

A) Description: The System anticipates rulemaking affecting the following:

Amend Section 1600.730 – Return of Ballots and Ballot Counting Process.Amendment will address the order of priority given to elected trustees ifmore than the maximum number of trustees are elected from the Universityof Illinois campuses during an election for trustee seats that have differentterms due to an election for an unexpired term occurring at the same timeas an election for a full six (6) year term. Under that scenario, if more thanthe maximum number of annuitant or participating member candidates fromthe University of Illinois campuses receive the highest number of votes inan unexpired term election and in a full six-year term election, thecandidate(s) running for the full six-year term(s) shall be declared thewinner(s). After reaching the maximum number of trustees that are allowedto serve from the University of Illinois campuses, the candidate(s) with thenext highest number of votes running for the unexpired term(s) that are notfrom one of the University of Illinois campuses shall be declared thewinner(s).

Add Section 1600.200 Definition of Employee to implement Public Act 99-0897, effective January 1, 2017, regarding the definition of "employee"under Section 15-107 of the Illinois Pension Code.

Amend Section 1600.300 Effective Beneficiary Designations to addresselectronic execution and submission of beneficiary designation forms.

Amend Section 1600.305 – Full-Time Student Survivors InsuranceBeneficiaries. Amendments will clarify that a student may qualify as beinga “full-time” student if the combination of credit hours earned by the studentat one or more accredited educational institutions, during the same timeframe, equals a full-time workload as defined by either of the accreditededucational institutions attended.

Amend Section 1600.420 Making Preliminary Estimated Payments toinclude procedures for holding payments when the member has notresponded to informational requests, and to terminate the benefit after aperiod of non-compliance with the request.

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ILLINOIS REGISTER



Amend Section 1600.450 Overpayment Recovery to address de minimis revisions to benefit calculations and deductions for overpayments of less than $100. Promulgate rules to establish acceptable documentary evidence for demographic information such as birth dates and marital status. Promulgate rules to provide specific definitions and procedures to implement 40 ILCS 5/15-168 (concerning information requests necessary for the proper administration of the System and suspensions for non-compliance by members and penalties for non-compliance by employers).

B) Statutory Authority: Article 15 of the Illinois Pension Code, 40 ILCS 5/15-177.

C) Scheduled meeting/hearing dates: Written comments may be submitted

during the 45-day public comment period following publication of the proposed rule in the Illinois Register. No public hearings are anticipated.

D) Date agency anticipates First Notice: Spring through Fall 2020 E) Effect on small businesses, small municipalities or not for profit corporations:

None

F) Agency contact person for information:

Bianca T. Green, General Counsel State Universities Retirement System 1901 Fox Drive Champaign, IL 61820

(217) 378-8825 [email protected] Fax: (217) 378-9801

G) Related rulemakings and other pertinent information: Other Amendments

may be necessary based on emergent issues.

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mailto:[email protected]

MEMORANDUM

TO: SURS Board of Trustees

FROM: Bianca T. Green, General Counsel

DATE: May 28, 2020

RE: July 2020 Proposed Rulemaking Change – JCAR Rule 1600.730 Return of Ballots and Ballot Counting Process

Staff proposes making substantive changes to the SURS regulations relating to the ballot counting process for trustee elections. The proposed changes are needed to address the potential problem that could occur when we have elections for unexpired trustee seats and elections for regular six (6) year seats occurring at the same time.

Section 1600.730 – Return of Ballots and Ballot Counting Process

The current administrative rule pertaining to the “Return of Ballots and Ballot Counting Process” provides direction for Secretary of the Board in the event of a tie. However, the rule is silent with regard to how to handle two concurrent elections for either annuitant and/or contributing member trustee seats where it would be possible to have too many “winners” who are affiliated with the University of Illinois.

SURS is only allowed to have a maximum of one (1) annuitant trustee and (2) contributing member trustees who are affiliated with the University of Illinois campuses. This is easy to regulate when we only have regular six-year term elections. But we have the potential for a problem when SURS has to conduct two separate elections for annuitant and/or contributing member elections when we need to fill unexpired terms and regular six-year terms at the same time. This will be the case in the 2021 election and we do not have an administrative rule to formally address this situation.

Again, we can only have one U of I Annuitant Trustee on the SURS board but in 2021 we will have 2 separate annuitant elections: 1 for the unexpired term (Mitch Vogel’s seat) and 1 for the full six-year term (Fred Giertz’s seat). It is conceivable that University of Illinois affiliated candidates could be the top vote-getters in both elections but we cannot allow that by law. With two separate elections and an unknown number of potential candidates, we cannot be sure that the same number of votes will be cast in each election. As such, we cannot use the highest vote-getter tabulation to determine the overall outcome. So—if the highest vote-getters in both the full 6-year term annuitant election and in the unexpired term annuitant election are affiliated with the U of I campuses – the new rule will result in the U of I affiliated candidate being declared the winner in the six-year term election and the U of I affiliated candidate in the unexpired term

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election will be disqualified. We believe this is the best way to handle the situation because the six-year term provides the longest commitment. The next-highest, non-U of I affiliated vote-getter in the unexpired term annuitant election will be declared the winner of that election. The same process would be applied if the situation occurred in a contributing member election and the rule provides for applicability to both categories. To Illustrate: If a SIU candidate is the highest vote-getter in the 6-year term annuitant election and the highest vote-getter in the unexpired term annuitant election is affiliated with the U of I (or vice versa) – we will not have a problem. And, if neither of the highest vote-getters in either election is affiliated with the U of I, we will not have a problem. The proposed rule change will only come into play IF candidates affiliated with the University of Illinois are the highest vote-getters in BOTH elections. To further illustrate, below are mock election results: Full six(6) year term annuitant election results (voting for 1): U of I candidate A – 10,0000 votes - WINNER SIU candidate – 7,500 votes EIU candidate – 2,300 votes City Colleges candidate – 2,000 votes Unexpired term annuitant election results (voting for 1): U of I candidate B – 12,000 votes – Disqualified due to winner of the 6-year term election Western IL candidate – 9,500 votes -- WINNER ISU candidate – 1,500 votes We need to plan for handling this potential scenario in both annuitant and participant elections. We want to be able to announce the plan for handling such a scenario when we issue the first announcement for the upcoming election in October of 2020. This plan may affect which seat potential candidates run for and we want them to know how we plan to handle such a situation. The proposed rule change formalizes our plan for these scenarios. Staff Recommendation: That the SURS Board of Trustees approve the proposed rulemaking changes to Section 1600.730 as a proposed Rulemaking Change for First Notice publication by JCAR and the Secretary of State as required.

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Section 1600.730 Return of Ballots and Ballot Counting Process

a) For paper ballots, upon receipt of the election materials specified in Section1600.720, the eligible voter shall:

1) Mark his or her ballot in accordance with Section 1600.725;

2) Place the completed ballot into the return envelope provided;

3) Seal and mail, via U.S. mail only, the return envelope; and

4) Mail paper ballots in the return envelope provided. The ballot shall bemailed only to the address on the envelope. Paper ballots delivered to theSystem in bulk, via hand delivery, by campus mail, or delivery other thanas specified in this subsection (a)(4) are invalid and will not be counted.

b) Ballots must be received by the close of business on Election Day. Ballotsreceived after Election Day are invalid and will not be counted. A record of thereceipt date of each ballot will be maintained.

c) When multiple voting methods are authorized, the first ballot cast will be countedas the official ballot and any subsequent votes will not be counted. The BoardSecretary will develop procedures to ensure that only one ballot may be receivedfrom each eligible voter.

d) The Board Secretary will develop minimum standards to ensure ballots areproperly property recorded, secured, tabulated and retained.

e) When all eligible ballots have been counted and tabulated, the necessary numberof contributing members and annuitants who have received the greatest number ofvotes will be elected trustees; provided, however, the Board Secretary will ensurethat, for the final composition of the Board, no more than 2 of the 4 contributingmembers are current employees of the University of Illinois at any of thecampuses (Urbana-Champaign, Chicago, or Springfield) and no more than one ofthe 2 annuitants was last employed prior to retirement by the University of Illinoisat any of the campuses. If the maximum number of University of Illinoispositions has been filled, then any remaining positions shall be filled as follows:

1) The remaining contributing member trustee positions will be filled by thecontributing member nominees who are not current employees of theUniversity of Illinois at any of the campuses and who received the greatestnumber of votes.

2) The remaining annuitant trustee positions will be filled by annuitantnominees who were not last employed prior to retirement by the

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University of Illinois at any of the campuses and who received the greatest number of votes.

3) In case of a tie, the contributing member nominee or annuitant nominee

who will be elected will be determined by blind, random drawing.

4) The results of the election process then will be declared by the Board Secretary.

f) The Board Secretary will certify to the Board the elected trustees by category and

term of office. The Board Secretary will further certify the place of employment for each contributing member and the last place of employment prior to retirement for each annuitant.

g) In any trustee election that can be filled by one or more candidates who are currently employed by or were last employed by any of the University of Illinois campuses, if the number of the highest vote-getting candidates affiliated with the University of Illinois campuses would cause the Board to exceed the annuitant limit under Section 15-159(d)(3) or the participant limit under Section 15-159(d)(4) of the Code, then said candidates shall be seated in order beginning with the longest elected term available until the applicable limit of University of Illinois trustees is reached. All remaining University of Illinois affiliated candidates shall immediately be disqualified regardless of the number of votes they received or the elected term for which they ran. Each remaining seat shall then be filled by the non-University of Illinois candidate receiving the highest number of votes for that seat.

(Source: Amended at 38 Ill. Reg. 17457, effective July 30, 2014)

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Spring Session 2020

Special Session Legislation

House Bill 357 – FY 2021 Budget Implementation Act Sponsors – Representative Gregory Harris and Senator Don Harmon

HB 357 creates the FY 2021 Budget Implementation Act to make changes in State programs that are necessary to implement the FY 2021 budget.

As it relates to SURS, HB 357 authorizes the use of money in the State Pensions Fund as part of the annual State contribution to SURS for FY 2021 and extends the lapse period for FY 2020 from August 31, 2020 to December 31, 2020.

HB 357 takes effect immediately upon becoming law.

Status: Passed Both Houses on 5/24/20 (House: 62-47-1; Senate: 33-19-0).

Senate Bill 264 – FY 2020 Supplemental Budget and FY 2021 Budget Sponsors – Senator Don Harmon and Representative Gregory Harris

SB 264 appropriates $50,000 from the General Revenue Fund to SURS for employer contributions required by the State as an employer in FY 2020. These contributions are required due to the collectively bargained back wages paid to participating employees at the Department of Innovation and Technology pursuant to Public Act 101-7.

SB 264 appropriates $1,995,767,000 to SURS for the annual required State contribution for FY 2021. Of this amount, $1,780,767,000 comes from the General Revenue Fund, and $215,000,000 comes from the State Pensions Fund. This amount is equal to the annual required State contribution certified by SURS for FY 2021.

SB 264 appropriates $4,622,773 from the Education Assistance Fund to SURS for deposit into the Community College Health Insurance Security Fund for the State’s contribution to the College Insurance Program (“CIP”), which provides health insurance benefits for community college retirees. This amount is equal to the certified contribution to CIP for FY 2021.

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Finally, SB 264 appropriates $181,700 to the State Comptroller for the Governor’s salary for Fiscal Year 2021. The Governor’s salary for Fiscal Year 2020 is $177,500. Illinois law (40 ILCS 5/15-155(j-5)) requires employers to pay the employer normal cost on the portion of an employee’s earnings in excess of the Governor’s salary. The supplemental funding for FY 2020 takes effect immediately upon becoming law, and the funding for FY 2021 takes effect on July 1, 2020. Status: Passed Both Houses on 5/24/20 (Senate: 37-19-0; House: 68-44-0). Senate Bill 1863 – 2020 General Election Procedures Sponsors – Senator Julie A. Morrison and Representative Kelly M. Burke SB 1863 establishes procedures for the 2020 general election, including an expanded vote by mail program and a new, curbside-voting program. Specifically, as it relates to SURS, SB 1863 establishes November 3, 2020 as a State holiday known as 2020 General Election Day and requires all government offices, with the exception of election authorities, to be closed unless authorized to be used as a location for election day services or as a polling place. SB 1863 takes effect immediately upon becoming law. Status: Passed Both Houses on 5/22/20 (Senate: 37-19-0; House: 72-43-0). Senate Bill 2099 – FY 2020 and FY 2021 Borrowing Sponsors – Senator Don Harmon and Representative Michael J. Zalewski SB 2099 creates the Coronavirus Urgent Remediation Emergency Borrowing Act or the CURE Borrowing Act. SB 2099 authorizes the Governor to borrow up to $5 billion during FY 2020 and FY 2021 from the Federal Reserve Bank or its agent under the Municipal Liquidity Facility program, or in accordance with any other federal coronavirus financing legislation or similar program authorized by Congress. Moneys borrowed must be used to: (1) meet failures of revenue resulting from COVID-19 and to support the emergency response to COVID-19; (2) pay or reimburse new or increased costs of State government resulting from COVID-19 and the emergency response to COVID-19; (3) respond to any other disaster or emergency or failure of revenues or the costs of essential government services; (4) provide funds for deposit into the Healthcare Provider Relief Fund; and (5) pay or reimburse costs payable from the Health Insurance Reserve Fund. Moneys borrowed must be deposited into the Coronavirus Urgent

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Remediation Emergency Borrowing Fund (CURE Borrowing Fund) and must be repaid within 10 years. SB 2099 takes effect immediately upon becoming law. Status: Governor Pritzker Signed into Law on 5/29/20 as Public Act 101-0630 (Senate: 37-19-0; House: 71-45-0). Senate Bill 2135 – Government Emergency Administration Act Sponsors – Senator Elgie R. Sims, Jr. and Representative Kelly M. Burke SB 2135 creates the Government Emergency Administration Act to provide government with the tools that it needs to continue to serve the people of Illinois and to better respond to the statewide public health emergency caused by the outbreak of COVID-19. SB 2135 amends the Open Meetings Act to allow an open or closed meeting subject to the Act to be conducted by audio or video conference during a disaster declaration related to public health concerns, without the physical presence of a quorum of the members, as long as certain conditions are met. SB 2135 amends the Electronic Commerce Security Act to give statutory approval to the remote notary and witness guidelines provided in Executive Order 2020-14. Specifically, effective March 26, 2020 and ending 30 days after expiration of the Governor’s emergency declaration regarding COVID-19, a notarial act or an act of witnessing may be performed through two-way audio-video communication technology, provided that certain requirements are met. Finally, SB 2135 amends the Illinois Governmental Ethics Act to suspend the deadlines for filing statements of economic interests on or after March 17, 2020 until August 1, 2020. SB 2135 takes effect immediately upon becoming law. Status: Passed Both Houses on 5/23/20 (Senate: 36-19-0; House: 66-44-2). Senate Joint Resolution 1 – Graduated Income Tax Constitutional Amendment Information Sponsors – Senator Don Harmon and Representative Michael J. Madigan SJR 1 describes how the graduated income tax constitutional amendment will be presented to voters for consideration at the November 2020 general election. Specifically, the

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resolution provides for an explanation of the proposed amendment, arguments in favor of the amendment, arguments against the amendment, and the form of ballot. Under arguments in favor of the proposed amendment, SJR 1 states the following: “This amendment does not tax retirement income.” Under arguments against the amendment, SJR 1 states the following: “In addition, this proposed change will pave the way for a tax on retirement income.” Under the form of the ballot, the amendment is explained, and the question is posted to voters as follows: “For the proposed amendment of Section 3 of Article IX of the Illinois Constitution.” Votes will be recorded as “yes” or “no.” SJR 1 is identical to HJR 124 of the 101st General Assembly. Status: Adopted in Both Houses on 5/22/20 (Senate: 36-19-0; House: 71-45-0).

Regular Session Legislation

Senate Resolution 1201 – Changes to Senate Rules Sponsors – Senator Don Harmon SR 1201 resolves that the Rules of the Senate of the 101st General Assembly are amended as follows:

(1) The President of the Senate, in consultation with the Minority Leader of the Senate, may establish a process by which Senators and members of the public may participate remotely in hearings for standing committees, special committees, subcommittees or special subcommittees, and service committees.

(2) The Senate Government Accountability and Pensions Committee is split into two separate committees: the Senate Government Accountability and Ethics Committee; and the Senate Pensions Committee.

(3) In times of pestilence or public danger, the Senate may adopt a motion to allow a

member to remotely participate and vote in the regular and special sessions of the Senate, provided that at all times a quorum of members is physically present at the location of session.

Status: Adopted in the Senate on 5/24/20 (54-0-0).

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Bill Number

Sponsor Short Title Short Summary Notes Status

HA #1 to HB 64

Rep. Harris FY 2020 Supplemental Budget and FY 2021 Budget

Appropriates $50,000 from the General Revenue Fund to SURS for employer contributions required by the State as an employer in FY 2020. (These contributions are required due to the collectively bargained back wages paid to participating employees at the Department of Innovation and Technology pursuant to Public Act 101-7.) Appropriates $181,700 to the State Comptroller as the Governor's salary for FY 2021. (The Governor'ssalary for FY 2020 is $177,500. 40 ILCS 5/15-155(j-5) requires employers to pay the employer normal cost onthe portion of an employee's earnings in excess of the Governor's salary.) Appropriates $1,995,767,000 toSURS for the annual required State contribution for FY 2021. (Of this amount, $1,780,767,000 comes from theGeneral Revenue Fund, and $215,000,000 comes from the State Pensions Fund. This amount is equal to theamount of the annual required State contribution certified by SURS for FY 2021.) Appropriates $4,622,773from the Education Assistance Fund for the State’s contribution to the College Insurance Program for FY 2021.

Similar to SA #1 to SB 264 (Sen. Harmon) and HA #1, #2, #3, #4, and #5 to SB 264 (Rep. Harris)

HA #1 Tabled on 5/20/20

HA #1 to HB 139

Rep. Greenwood

SEGIP Re-Enrollment after Nonpayment of Premiums

Allows an annuitant, survivor, or retired employee whose coverage has been terminated under the State Employees Group Insurance Program for nonpayment of premiums to re-enroll in the State Employees Group Insurance Program during the next enrollment period upon repayment of the unpaid premiums.

Similar to SB 3004 (Sen. Belt)

HA #1 Referred to Rules Committee on 4/9/19

HB 199 Rep. Flowers No Investments in Ford Motor Company

Prohibits the state-funded retirement systems from investing in Ford Motor Company and its subsidiaries. House Re-Referred to Rules Committee on 3/29/19

HB 280 Rep. Guzzardi No Investments in Companies that Contract to Build Border Wall

Prohibits the state-funded retirement systems from investing in companies that contract to build a border wall. House Re-Referred to Rules Committee on 3/29/19

HB 329 Rep. Jones University Student Athlete Employees

Requires universities to classify student athletes in the top three financially profitable intercollegiate athletic programs as employees. Authorizes universities to classify student athletes in other intercollegiate athletic programs as employees.

House Re-Referred to Rules Committee on 3/29/19

HB 350 Rep. Willis Repeal 3% Rule and Re-Enact 6% Rule

Requires employers to pay the present value of the portion of any salary increases in excess of 6% (currently, 3%) during a participant's final rate of earnings period.

Identical to SB 60 (Sen. Bennett)


SA #1 to HB 357

Sen. Harmon FY 2021 Budget Implementation Act

Creates the FY 2021 Budget Implementation Act to make changes in State programs that are necessary to implement the FY 2021 budget. Authorizes the use of money in the State Pensions Fund as part of the annual State contribution to SURS for FY 2021. Extends the lapse period for FY 2020 from August 31, 2020 to December 31, 2020.

Similar to HA #2, #3, and #4 to SB 1805 (Rep. Harris) and SA #2 to HB 357 (Sen. Harmon)

SA #1 Tabled on 5/23/20

101st General Assembly

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http://ilga.gov/legislation/BillStatus.asp?DocNum=0064&GAID=15&DocTypeID=HB&LegID=113886&SessionID=108&SpecSess=&Session=&GA=101




http://ilga.gov/legislation/BillStatus.asp?DocNum=199&GAID=15&DocTypeID=HB&LegId=114063&SessionID=108&GA=101


http://ilga.gov/legislation/billstatus.asp?DocNum=329&GAID=15&GA=101&DocTypeID=HB&LegID=114489&SessionID=108


http://ilga.gov/legislation/BillStatus.asp?DocNum=357&GAID=15&DocTypeID=HB&LegId=114556&SessionID=108


Bill Number

Sponsor Short Title Short Summary Notes Status101st General Assembly

SA #2 to HB 357

Sen. Harmon FY 2021 Budget Implementation Act


Similar to HA #2, #3, and #4 to SB 1805 (Rep. Harris) and SA #1 to HB 357 (Sen. Harmon)

SA #2 Adopted on 5/23/20

HB 357 (ENRL)

Rep. Harris (Sen. Harmon)

FY 2021 Budget Implementation Act


Passed Both Houses on 5/24/20 (House: 62-47-1; Senate: 33-19-0)

HB 816 (ENGR)

Rep. Welch (Sen. Steans)

Fiscal Year 2020 Budget Implementation Bill

Creates the FY 2020 Budget Implementation Act to make changes in State programs that are necessary to implement the State budget for Fiscal Year 2020. Authorizes the use of moneys in the State Pensions Fund as part of the FY 2020 State contribution to SURS. Repeals the 3% rule and re-enacts the 6% rule. Extends the existing accelerated pension benefit payment options for three years (from June 30, 2021 to June 30, 2024).

Similar to SB 1814 (Sen. Steans; Rep. Harris)

House Re-Referred to Rules Committee on 7/2/19; Passed the Senate (51-6-0) on 6/1/19

SA #1 to HB 816

Sen. Steans Fiscal Year 2020 Budget Implementation Bill


Similar to HA #1 to SB 1814 (Rep. Harris)


HB 902 Rep. Ammons

Cannabis Legalization Equity Act

Requires 2.5% of the proceeds from the excise tax on cannabis to be transferred to SURS every three months. (Makes the same change for SERS and TRS.)


HA #1 to HB 1260

Rep. Zalewski Sporting Contest Safety and Integrity Act + Sports Wagering Act

Requires the remainder of net proceeds from sports wagering (after proceeds returned to players and amounts owed to the central system provider and licensed agent) to be deposited into the State Lottery Fund and then deposited in equal amounts to the Pension Stabilization Fund, the Common School Fund, and the State Construction Account Fund. Requires moneys collected by the Illinois Gaming Board under the Sports Wagering Act to be deposited into Sports Wagering Fund and then transferred in equal amounts to the State Construction Account Fund, the Pension Stabilization Fund, and the Common School Fund.

Similar to HA #2, HA #3, and HA #4 to HB 1260 (Rep. Zalewski)


HA #2 to SB 1260

Rep. Zalewski Sporting Contest Safety and Integrity Act + Sports Wagering Act

Requires moneys collected by the Illinois Gaming Board under the Sports Wagering Act to be deposited into Sports Wagering Fund and then transferred in equal amounts to the State Construction Account Fund, the Pension Stabilization Fund, and the Common School Fund.



HA #3 to HB 1260

Rep. Thapedi Sporting Contest Safety and Integrity Act + Sports Wagering Act

As it relates to SURS, HA #3 is identical to HA #2. Requires moneys collected by the Illinois Gaming Board under the Sports Wagering Act to be deposited into Sports Wagering Fund and then transferred in equal amounts to the State Construction Account Fund, the Pension Stabilization Fund, and the Common School Fund.


HA #3 Re-Referred to Rules Committee on 5/31/19

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Bill Number


HA #4 to HB 1260

Rep. Thapedi Sporting Contest Safety and Integrity Act + Sports Wagering Act

As it relates to SURS, HA #4 is identical to HA #3. Requires moneys collected by the Illinois Gaming Board under the Sports Wagering Act to be deposited into Sports Wagering Fund and then transferred in equal amounts to the State Construction Account Fund, the Pension Stabilization Fund, and the Common School Fund.



HB 1576 Rep. Spain Downstate Police and Firefighter Pension Funds - Investment Consolidation

Increases the annual compliance fee paid by each pension fund to the Illinois Department of Insurance from $8,000 to $16,000. Establishes that certain penalties for non-compliance with the Illinois Pension Code apply to governmental units and pension funds (currently, governmental units) that are subject to any law establishing a pension fund or retirement system for the benefit of employees of the governmental unit.


HB 1605 Rep. Lilly Climate Change Risk Minimization Policy

Requires each pension fund to develop a climate change risk minimization policy by December 31, 2020. Requires the climate change risk minimization policy to be updated annually and published on the pension fund’s website. Requires previous versions of the policy to be kept on the pension fund’s website for a period of 5 years.

House Assigned to Personnel and Pensions Committee on 3/12/20

HB 1625 Rep. Skillicorn

Voluntary Tier III Plan + Opt-Out + No Credit for Unused Vacation and Sick Leave

Requires SURS to prepare and implement a Tier III plan by July 1, 2020. Allows active Tier I and Tier II participants of SURS to elect to participate in the Tier III plan for future service. Allows Tier I and Tier II participants who elect to participate in the Tier III plan to irrevocably elect to terminate all participation in the defined benefit plan. Establishes that a person is not required to participate in SURS and allows active employees to terminate participation in SURS. Prohibits payments for unused vacation and sick leave from counting towards earnings for individuals who first begin participation in SURS on or after the effective date of the legislation. Prohibits unused sick leave from counting toward service credit for individuals who first begin participation in SURS on or after the effective date of the legislation.

Identical to HB 2279 (Rep. Morrison)


HB 2029 (ENRL)

Rep. Walker (Sen. Aquino)

Vested Inactive Buyout – Health Insurance Preservation

Ensures that members who take the Vested Inactive Buyout on or after June 4, 2018 under the State Employees’ Retirement System, State Universities Retirement System, and Teachers’ Retirement System preserve any applicable retiree and survivor health insurance benefits upon receipt of the buyout payment.

Governor Pritzker Signed into Law as Public Act 101-0242 on 8/9/19 (House: 116-0-0; Senate: 56-0-0)

HB 2054 Rep. Meier Hydraulic Fracturing Tax Revenues Fund Pensions

Requires all moneys received by the Illinois Department of Revenue under the Hydraulic Fracturing Tax Act to be used only for the payment of pension obligations of the State of Illinois.

Identical to HB 4117 (Rep. Meier)


HB 2101 Rep. Smith Racial Bias, Discrimination, and Harassment Omnibus

Establishes that all persons have a right to work in an environment free from racial discrimination and harassment. Prohibits all persons subject to the State Officials and Employees Ethics Act from racially discriminating against or harassing any person, regardless of any employment relationship or lack thereof. Requires each officer, member, and employee to complete, at least annually, beginning in 2020, a racial bias, discrimination, and harassment training program.

Identical to HB 2547 (Rep. Lilly) and SB 1485 (Sen. Lightford)

House Tabled on 4/3/19

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Bill Number


HB 2279 Rep. Morrison

Voluntary Tier III Plan + Opt-Out + No Credit for Unused Vacation and Sick Leave

Requires SURS to prepare and implement a Tier III plan by July 1, 2020. Allows active Tier 1 and Tier 2 participants of SURS to elect to participate in the Tier III plan for future service. Allows Tier I and Tier II participants who elect to participate in the Tier III plan to irrevocably elect to terminate all participation in the defined benefit plan. Establishes that a person is not required to participate in SURS and allows active employees to terminate participation in SURS. Prohibits payments for unused vacation and sick leave from counting towards earnings for individuals who first begin participation in SURS on or after the effective date of the legislation. Prohibits unused sick leave from counting toward service credit for individuals who first begin participation in SURS on or after the effective date of the legislation.

Identical to HB 1625 (Rep. Skillicorn)


HB 2394 Rep. Meier New Revenues Fund State Pension Obligations

Requires any new and additional revenue sources that exceed the fiscal year 2019 revenue forecasts reported by the Commission on Government Forecasting and Accountability in 2018 to be allocated towards the payment of current and continuing State pension obligations. Defines new and additional revenue sources as including, but not limited to, any new tax, fee, or surcharge that is enacted by the General Assembly on or after the effective date of the legislation.

Nearly Identical to HB 4114 (Rep. Meier)


HB 2440 (ENGR)

Rep. Martwick (Sen. Aquino)

SURS Technical Corrections Bill

SURS initiative that makes three technical changes to Article 15 of the Illinois Pension Code to reflect SURS' longstanding interpretation and administration of benefits.

Identical to SB 1265 (Sen. Aquino)

Senate Re-Referred to Assignments Committee on 5/10/19; Passed the House (111-0-0) on 3/27/19

HB 2441 Rep. Martwick

State Serial Long Term Pension Obligation Bonds

Authorizes the issuance of $105.620 billion in State Serial Long Term Pension Obligation Bonds to bring the funded status of the state pension systems up to 90% of assets to liabilities. Requires SERS, SURS, and TRS to deposit 36% of bond proceeds received into investment funds for the purposes of taking advantage of interest arbitrage from the bond proceeds and for making debt service contributions for the bonds. Creates a continuing appropriation for the repayment of principal and interest due on the bonds.

Similar to SB 178 (Sen. Aquino)



Tier I Social Security Benefit Buyout Option

Creates a voluntary buyout option whereby an eligible SURS member receives 50 percent of the difference between the present value of his or her Tier I retirement benefits and estimated Social Security benefits in exchange for a retirement annuity equal to estimated Social Security benefits with reduced and delayed automatic annual increases.


HB 2460 (ENRL)

Rep. Davis (Sen. Martinez)

Illinois Sustainable Investing Act

Requires every retirement system, pension fund, or investment board to adopt a written investment policy and file a copy of that policy with the Department of Insurance within 30 days after its adoption. Requires the investment policy to include material, relevant, and decision-useful sustainability factors to be considered by the board, within the bounds of financial and fiduciary prudence, in evaluating investment decisions. Establishes that sustainability factors include, but are not limited to: (1) corporate governance and leadership factors; (2) environmental factors; (3) social capital factors; (4) human capital factors; and (5) business model and innovation factors, as provided under the Illinois Sustainable Investing Act. Establishes that whenever a board changes its investment policy, it must file a copy of the new policy with the Department within 30 days.

Introduced Version Identical to SB 2062 (Sen. Martinez)

Governor Pritzker Signed into Law as Public Act 101-0473 on 8/23/19 (House: 73-42-0; Senate: 37-19-0)

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http://ilga.gov/legislation/fulltext.asp?DocName=&SessionId=108&GA=101&DocTypeId=HB&DocNum=2441&GAID=15&LegID=118449&SpecSess=&Session=




Bill Number


HB 2537 Rep. Crespo State Officials and Employees -- Revolving Door Fiscal Administration of State Contracts

Adds individuals who participated personally and substantially in the fiscal administration of State contracts to existing revolving door prohibitions. Adds individuals who hold an equivalent level of managerial oversight as a chief of staff, deputy chief of staff, associate chief of staff, assistant chief of staff, or deputy governor to the list of (h) group employees subject to existing revolving door prohibitions.

House Assigned to Executive Committee on 2/25/20

HB 2547 Rep. Lilly Racial Bias, Discrimination, and Harassment Omnibus


Identical to HB 2101 (Rep. Smith) and SB 1485 (Sen. Lightford)


HB 2567 Rep. Stava-Murray

Means Matter Suicide Prevention Act

Requires every public official in Illinois to complete a course of training on suicide prevention, beginning in 2020. Defines a “public official” as any person who is elected or appointed to public office in Illinois.


HB 2592 Rep. Cabello No Elected Official Participation in Public Retirement Systems

Prohibits a person from participating in any pension fund or retirement system under the Illinois Pension Code with respect to an elected position to which the person was first elected or appointed on or after the effective date of the legislation.

Identical to HB 4076 (Rep. Cabello)


HB 2664 Rep. Robinson

RUUPA Trailer Bill for Public Retirement Systems

Ensures that annuity, pension, and benefit funds held in a fiduciary capacity by or on behalf of certain public retirement systems remain in their respective trusts and are not paid or delivered to the State Treasurer's Office under the Revised Uniform Unclaimed Property Act.

Identical to SB 1264 (Sen. Aquino)



Supplemental Defined Contribution Plan

Requires the SURS Board of Trustees to establish and maintain a defined contribution plan to address the retirement preparedness gap for participants in a defined benefit plan who are not on track to maintain their standard of living in retirement. Authorizes Tier I participants and Tier II participants who first became participants before the defined contribution plan was established to voluntarily elect to enroll in the plan. Requires each Tier II participant who becomes a participant on or after the establishment of the defined contribution plan to be automatically enrolled in the plan at a contribution rate that is established by the SURS Board of Trustees, unless he or she opts out within 60 days after the date that he or she becomes a participant.

Nearly Identical to HB 4712 (Rep. Sosnowski)



Alternative Retirement Plan – Local Control of Benefits

Authorizes the board of trustees of a community college district that is an employer under Article 15 of the Illinois Pension Code to provide by resolution for an alternative retirement plan, either in addition to or in lieu of the existing plans under SURS, for its eligible new employees. Requires the alternative retirement plan provided by the community college district to be funded with contributions from that community college district and its employees who participate in the alternative retirement plan.


HB 2902 Rep. Hoffman

Tier II SURS Public Safety Retire at 60

Allows Tier II police officers and Tier II firefighters in SURS to retire at age 60 with 20 years of service, if eligible for the retirement annuity calculation for police officers and firefighters under SURS.

Similar to HB 3256 (Rep. Brady)


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Bill Number



Early Retirement Incentive

Allows certain Tier I members between 55 and 60 years of age under the State Universities Retirement System to elect to retire with an undiscounted retirement annuity up to five years early in exchange for accepting reduced automatic annual increases on retirement annuities and survivor annuities.


HB 3082 (ENRL)

Rep. Martwick (Sen. Aquino)

SRS Automatic Enrollment into State 457 Plan

Creates a default investment option under the State Employees Deferred Compensation Plan. Automatically enrolls new members of the General Assembly Retirement System, State Employees' Retirement System, and Judges' Retirement System into the State Employees Deferred Compensation Plan.

Governor Pritzker Signed into Law on 8/9/19 as Public Act 101-0277 (House: 111-0-0; Senate: 59-0-0)

HB 3131 Rep. Wehrli Annuitant Database Requires SURS to establish and post an annuitant database on its website by July 1, 2020. Requires the annuitant database to be a searchable database of the names of all persons receiving an annuity from SURS and the amount of the annuity paid by SURS to that person each month.

Nearly Identical to HB 5412 (Rep. Wehrli)


HB 3256 Rep. Brady Tier II SURS Police Officers Retire at 50 or 55

Allows Tier II members under SURS to retire with an undiscounted retirement annuity at age 55 with at least 10 years of service as a police officer or to retire with a discounted retirement annuity at age 50 with at least 10 years of service as a police officer.

Similar to HB 2902 (Rep. Hoffman)


HA #1 to HB 3308

Rep. Zalewski Sports Wagering Act Requires moneys collected by the Illinois Gaming Board under the Sports Wagering Act to be deposited into the Sports Wagering Fund and then transferred in equal amounts to the State Construction Account Fund, the Pension Stabilization Fund, and the Common School Fund.



HA #2 to HB 3308

Rep. Zalewski Sports Wagering Act Requires moneys collected by the Illinois Gaming Board under the Sports Wagering Act to be deposited into the Sports Wagering Fund. Requires the net profit (i.e., the amount remaining after the deduction of administrative expenses of the Illinois Gaming Board) must be deposited in equal amounts to the State Construction Account Fund, the Pension Stabilization Fund, and the Common School Fund.



HA #3 to HB 3308

Rep. Thapedi Sports Wagering Act Requires the privilege tax on sports wagering revenues and any fees and penalties collected under the Sports Wagering Act to be deposited into the State Gaming Fund and then transferred in equal amounts to the State Construction Account Fund, the Pension Stabilization Fund, and the Common School Fund.



HA #4 to HB 3308

Rep. E. Hernandez

Illinois Lottery Sports Wagering Act

Requires the privilege tax on sports wagering revenue to be deposited in equal amounts to the Pension Stabilization Fund, the Common School Fund, and the State Construction Account Fund.



HB 3376 Rep. Batinick Property Tax Relief and Pension Stabilization Fund Act

Creates the Property Tax Relief and Pension Stabilization Fund Act. Reduces the funding target for each of the five state-funded retirement systems from 90 percent to 70 percent of assets to liabilities in State Fiscal Year 2045. Requires the state to contribute the normal cost and unfunded liability components to the state-funded retirement systems each year. Requires a portion of $2.4 billion deposited into the Property Tax Relief and Pension Stabilization Fund to be used for state contributions to the state-funded retirement systems.


Exhitbit 8






http://www.ilga.gov/legislation/billstatus.asp?DocNum=3308&GAID=15&GA=101&DocTypeID=HB&LegID=119783&SessionID=108

http://www.ilga.gov/legislation/billstatus.asp?DocNum=3308&GAID=15&GA=101&DocTypeID=HB&LegID=119783&SessionID=108

http://www.ilga.gov/legislation/BillStatus.asp?DocNum=3308&GAID=15&DocTypeID=HB&LegId=119783&SessionID=108







Bill Number


HB 3428 Rep. E. Hernandez

No Investments in For-Profit Companies that Contract to Shelter Migrant Children

Prohibits the state-funded retirement systems from investing in for-profit companies that contract to shelter migrant children. Defines “contract to shelter migrant children” as entering into a contract with the federal government to shelter migrant children under the federal Unaccompanied Alien Children Program or a substantially similar federal program.


HB 3518 Rep. Batinick Tier I Automatic Annual Increase Calculation

Allows Tier I participants in retirement systems and pension funds (other than police and firefighter pension funds) to irrevocably elect to have automatic annual increases on retirement or supplemental annuities calculated as the annual unadjusted percentage increase in the consumer price index-u, except that no increase can be less than one percent or more than five percent.


HB 3524 Rep. Durkin Tier I Offer and Consideration Pension Reform

Offers each Tier I member the option to elect lower automatic annual increases on his or her retirement and survivors annuities, in exchange for having future salary increases count towards the calculation of his or her pension benefits, receiving a consideration payment equal to 10 percent of his or her employee contributions made before the election, and paying 10 percent less in future employee contributions after the election.


HB 3718 Rep. Harris FY 2020 Governor’s Introduced Budget

Appropriates $1,626,692,000 for the state contribution to SURS for FY 2020 ($1,426,692,000 from the General Revenue Fund and $200,000,000 from the State Pensions Fund). The FY 2020 certified state contribution to SURS is $1,854,692,000. Appropriates $4,431,113 from the Education Assistance Fund to SURS for deposit into the Community College Health Insurance Security Fund for the state contribution to the College Insurance Program for FY 2020. The FY 2020 certified state contribution to the College Insurance Program is $4,431,113.

Identical to SB 2165 (Sen. Harmon)



Maximum Dollar Limit for Retirement Benefits

Limits the total amount of retirement annuity or pension benefits that any person who first becomes a participant in any retirement system or pension fund on or after the effective date of the legislation can receive to $132,900 in any year. Annually increases the $132,900 limit by the percentage increase (but not less than zero) in the consumer price index-u, compounded.

Similar to HB 3859 (Rep. Skillicorn)

House Referred to Rules Committee on 10/17/19

HB 3855 Rep. West General Assembly COLA Opt-Out

Allows members of the General Assembly to elect not to receive cost of living adjustments and to have funds associated with cost of living adjustments paid into the State Pensions Fund. (Through Fiscal Year 2020, the State Pensions Fund is mostly used to make the State’s required contribution to the State Universities Retirement System. Beginning in Fiscal Year 2021, the State Pensions Fund is mostly used to reduce the unfunded liabilities of the five state-funded retirement systems.)



Maximum Dollar Limit for Retirement Benefits

Limits the total amount of retirement annuity or pension benefits that any person can receive from any pension fund or retirement system to $132,900 in any year. Annually increases the $132,900 limit by the percentage increase (but not less than zero) in the consumer price index-u, compounded. Applies without regard to whether a person became a member, participant, beneficiary, or annuitant before the effective date of the legislation.

Similar to HB 3854 (Rep. Skillicorn)



Change Automatic Annual Increases to CPI-U

Requires the retirement annuity or supplemental annuity of a participant, member, or annuitant in any pension fund or retirement system to be subject to annual increases equal to the annual unadjusted percentage increase in the consumer price index-u (but not less than zero). Applies without regard to whether a participant or a member is in active service on or after the effective date of the legislation.


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Bill Number



Minimum Retirement Age Increase by 2 Years

Increases the minimum age at which a person is eligible to receive a retirement annuity or pension by two years, using the following schedule: one year beginning on the effective date of the legislation and one additional year beginning five years after the effective date of the legislation.



Mandatory Tier III Plan for All Members

Creates a mandatory Tier III plan (defined contribution plan) for existing members of the five state-funded retirement systems. Prohibits State funding for plans other than the Tier III plan.



Governmental Ethics Reforms

Creates a uniform statement of economic interests beginning with statements filed in 2020. Requires the following information to be disclosed in the uniform statement of economic interests: (1) Each asset with a value in excess of $5,000; (2) Each source of income in excess of $1,200 and the transaction dates for assets that generated more than $5,000 in capital gains when sold or transferred; (3) Each creditor of a debt in excess of $5,000; (4) Each debtor of a debt in excess of $5,000; (5) The name of each unit of local government of which the filer was an employee, contractor, or office holder; (6) Each person known to the filer to be a registered lobbyist with any unit of government and with whom the filer has an economic or familial relationship; and (7) Each source and type of gift or honorarium valued in excess of $500. Requires the Secretary of State to create a publicly accessible and searchable database with disclosures made by registered lobbyists under the Lobbyist Registration Act, contributions made by registered lobbyists that are required to be disclosed under the Election Code, and statements of economic interests required to be filed by State officials and employees under the Illinois Governmental Ethics Act.

Nearly Identical to HA #2 to SB 1639 (Rep. Harris) and similar to HB 4618 (Rep. Stava-Murray) and SB 3318 (Sen. Morrison)



Actuary Bonds Requires each actuary that prepares an actuarial statement for a pension fund or retirement system to post a bond of $2 billion.


HB 4002 Rep. Grant Lobbyist Revolving Door

Prohibits a person who has served as a statewide elected official, the executive or administrative head of a State agency, the deputy executive or administrative head of a State agency, or a member of the General Assembly from becoming a lobbyist for a period of 2 years after termination of service or employment.


HB 4023 Rep. Murphy State Travel Reimbursement Rates - Federal Maximums

Establishes that State travel reimbursement rates for lodging and mileage for automobile travel, as well as allowances for meals, must be set at the maximum rates established by the federal government. Establishes that if the federal rates increase or decrease during the State's fiscal year, then the effective date of the new rate must be the effective date of the change in the federal rate. (Currently, mileage reimbursement rates are set at the federal rates, and reimbursement rates for other travel expenses and lodging reimbursement rates may be more restrictive than the federal rates.)

House Assigned to the Sales, Amusement, and Other Taxes Subcommittee of House Revenue and Finance Committee on 3/6/20

HB 4036 Rep. Scherer SEGIP Define Qualifying Change in Status

Defines the phrase “qualifying change in status” under the State Employees Group Insurance Act of 1971 with language from IRS rules and regulations.


Exhitbit 8


http://www.ilga.gov/legislation/BillStatus.asp?DocNum=3919&GAID=15&DocTypeID=HB&LegId=122104&SessionID=108&GA=101






Bill Number


HA #1 to HB 4036

Rep. Scherer SEGIP Define Qualifying Change in Status

Re-inserts the provisions of the original legislation with technical changes. Requires any request to elect dependent coverage due to a qualifying change in status to be consistent with the change in status experienced by the member.


HB 4076 Rep. Cabello No Elected Official Participation in Public Retirement Systems

Prohibits a person from participating in any pension fund or retirement system under the Illinois Pension Code with respect to an elected position to which the person was first elected or appointed on or after the effective date of the legislation.

Identical to HB 2592 (Rep. Cabello)



Unbalanced Budget Response Act

Authorizes the Governor to designate a contingency reserve from amounts appropriated from funds held by the Treasurer for Fiscal Years 2021 and 2022 to any agency, including amounts appropriated pursuant to a statutory continuing appropriation. Authorizes the Governor to delay payments under statutory continuing appropriations for Fiscal Years 2021 and 2022 and allows delayed payments to be paid out of the next fiscal year’s appropriation. Authorizes the Governor to transfer amounts from funds held by the Treasurer to general funds held by the Treasurer.



SURS Employer Normal Cost Shift

Requires the actual employer of a participating employee in SURS to contribute the employer normal cost for that employee. Requires SURS to recalculate and recertify the required State contribution for the current fiscal year, taking into account the actual-employer normal-cost contributions required by the legislation.


HB 4114 Rep. Meier New Revenues Fund State Pension Obligations

Requires any new and additional revenue sources that exceed the fiscal year 2020 revenue forecasts reported by the Commission on Government Forecasting and Accountability in 2019 to be allocated towards the payment of current and continuing State pension obligations. Defines new and additional revenue sources as including, but not limited to, any new tax, fee, or surcharge that is enacted by the General Assembly on or after the effective date of the legislation.

Nearly Identical to HB 2394 (Rep. Meier)


HB 4117 Rep. Meier Hydraulic Fracturing Tax Revenues Fund Pensions

Requires all moneys received by the Illinois Department of Revenue under the Hydraulic Fracturing Tax Act to be used only for the payment of pension obligations of the State of Illinois.

Identical to HB 2054 (Rep. Meier)


HB 4260 Rep. Smith BEP – Descendants of American Slavery

Requires State agencies, as defined under the Illinois State Auditing Act, to include information regarding employees who are descendants of American Slavery in reports required under the State Employment Records Act. Modifies the definition of "minority person" under the Business Enterprise for Minorities, Women, and Persons with Disabilities Act to include Descendants of American Slavery. Defines a "Descendant of American Slaves" as a person having direct ancestral lineage to victims of chattel slavery in the United States of America. Provides that terms such as “Black,” “African American,” or “American Descendant of Slavery” can be used in addition to “Descendant of American Slaves.”

Similar to HB 4865 (Rep. Buckner)

House Assigned to State Government Administration Committee on 3/3/20

HB 4323 Rep. Burke SURS Trustee Status Clarification

SURS initiative that clarifies the intent of the General Assembly regarding a SURS trustee’s change in status. Identical to SB 2545 (Sen. Castro)

House Placed on Calendar Order of 2nd Reading on 3/5/20

Exhitbit 8






http://ilga.gov/legislation/fulltext.asp?DocName=&SessionId=108&GA=101&DocTypeId=HB&DocNum=4114&GAID=15&LegID=123051&SpecSess=&Session=




Bill Number


HB 4454 Rep. Robinson

Diversity, Inclusion, and Cultural Competence Training

Requires the annual completion of a diversity, inclusion, and cultural competence training program, beginning January 1, 2021.



State Spending Limitation

Sets $31.374 billion as the State spending limitation for fiscal years 2021 through 2028. Provides that if State spending exceeds the limitation and the Governor is not presented with legislation to reduce State spending to an amount equal to or less than the limitation, then the Governor may designate amounts to be set aside as a reserve from amounts appropriated from the State general funds for all boards, commissions, agencies, institutions, authorities, colleges, universities, and bodies politic and corporate of the State. Authorizes the issuance of $7 billion in bonds to pay vouchers incurred by the State prior to July 1, 2020.


HB 4483 Rep. Mazzochi

Statement of Economic Interests - Legal Representation

Requires the statement of economic interests to provide for the disclosure of any appearance as a legal representative of a client, including any such appearance by the law firm of the person filing or by anyone on behalf of the person filing, before any unit of local government or State agency.


HB 4580 Rep. Wehrli Open Meetings Act - Record Open Meetings

Requires each meeting that is required to be open to the public under the Open Meetings Act to be audio recorded by the public body and maintained by the public body for at least one year after the date of the meeting.


HB 4594 Rep. Mazzochi

State-Funded Retirement Systems – Opt-Out

Establishes that a person who first becomes an employee after the effective date of the legislation is not required to participate in SURS. Provides that an employee may elect not to participate in SURS by notifying SURS in writing no later than 30 days after first becoming an employee. Makes similar changes under the State Employees Retirement System and Teachers Retirement System.




Creates a uniform statement of economic interests beginning with statements filed in 2020. Requires the following information to be disclosed in the uniform statement of economic interests: (1) Each asset with a value in excess of $5,000; (2) Each source of income in excess of $1,200 and the transaction dates for assets that generated more than $5,000 in capital gains when sold or transferred; (3) Each creditor of a debt in excess of $5,000; (4) Each debtor of a debt in excess of $5,000; (5) The name of each unit of local government of which the filer was an employee, contractor, or office holder; (6) Each person known to the filer to be a registered lobbyist with any unit of government and with whom the filer has an economic or familial relationship; and (7) Each source and type of gift or honorarium valued in excess of $500.

Nearly Identical to SB 3318 (Sen. Morrison) and Similar to HA #2 to SB 1639 (Rep. Harris) and HB 3988 (Rep. Skillicorn)


HB 4710 Rep. Sosnowski

BEP – Employee Qualifying Business

Includes an employee qualifying business as a minority-owned business, women-owned business, and business owned by a person with a disability under the Business Enterprise for Minorities, Women, and Persons with Disabilities Act. Defines an “employee qualifying business” as a business with 50 or more full-time employees that is not 51% owned by a minority person, woman, or person with a disability, but whose employees are comprised of, at a minimum: (1) 66% minority persons; (2) 66% women; (3) 66% persons with a disability; or (4) any combination of persons identified in items (1) through (3) that amounts to 66% or higher.


Exhitbit 8








Bill Number


HB 4712 Rep. Sosnowski

Supplemental Defined Contribution Plan

Requires the SURS Board of Trustees to establish and maintain a defined contribution plan to address the retirement preparedness gap for participants in a defined benefit plan who are not on track to maintain their standard of living in retirement. Authorizes Tier I participants and Tier II participants who first became participants before the defined contribution plan was established to voluntarily elect to enroll in the plan. Requires each Tier II participant who becomes a participant on or after the establishment of the defined contribution plan to be automatically enrolled in the plan at a contribution rate that is established by the SURS Board of Trustees, unless he or she opts out within 60 days after the date that he or she becomes a participant.

Nearly Identical to HB 2740 (Rep. Morrison)


HB 4808 Rep. Wilhour FOIA – Denial Index and Deposit of Funds

Requires a public body to include an index with each denial of a request for public records and to set aside $7,500 for each denied request until the review process has been completed or a final order has been entered. Requires the index to include: (1) a description of the nature of the contents of each document withheld, or each deletion from a released document; (2) the date on which each document withheld was created; (3) each author and recipient of each document withheld; and (4) a statement of the exemption or exemptions claimed for each withheld document or each deletion in a released document.


HB 4809 Rep. Wilhour State Officials and Employees -- Lobbyist Revolving Door

Prohibits any of the following persons from registering as a lobbyist and engaging in lobbying with members of the General Assembly for 3 years immediately following termination of that person’s most recent term of office: members of the General Assembly; persons whose appointment to office is subject to the advice and consent of the Senate; and heads of departments, commissions, boards, divisions, bureaus, authorities, or other administrative units within State government who take office on or after the effective date of the legislation.


HB 4865 Rep. Buckner BEP – Descendants of American Slavery

Modifies the definition of "minority person" under the Business Enterprise for Minorities, Women, and Persons with Disabilities Act to include Descendants of American Slavery. Defines a Descendant of American Slavery as a person having direct ancestral lineage to victims of slavery in the United States of America.

Similar to HB 4260 (Rep. Smith)

House Assigned to Agency Operation Subcommittee of House State Government Administration Committee on 3/4/20

HB 4944 Rep. Mason Veterans Benefits – Honorable Discharge

Establishes that, in determining the meaning of any statute or rule or interpretation by the various administrative agencies of the State, for purposes of determining eligibility for any veterans benefit available from the State, the words “honorable discharge” and “honorably discharged” include a discharge under other than honorable conditions due to post-traumatic stress disorder, traumatic brain injury, status as a survivor of sexual assault or harassment, LGBTQ-related issues, or mental health issues, but do not include a bad conduct discharge or a dishonorable discharge.

House Assigned to Veterans Affairs Committee on 3/12/20


FOIA - Format of Records

Requires a public body to take all reasonable steps to provide records under the Freedom of Information Act in a format that is readable by the requester, including, but not limited to, making the record available in any format that is available to the public body and requested by the requester.


Exhitbit 8







Bill Number



FOIA - No Fees to Certain Taxpayers

Prohibits a public body from charging a fee under the Freedom of Information Act to a requester who is a taxpayer within the jurisdiction of the public body, unless the request is made for a commercial purpose.



FOIA - Extension Requirements

Allows the person making a request and the public body to agree in writing to extend the time for compliance under the Freedom of Information Act for a period to be determined by the parties only after the public body has reviewed the request, determined that an extension is necessary, and provided notification of the reasons for the extension and the date by which the response will be forthcoming.


HB 5030 Rep. Bourne JCAR - Impact on Downstate Illinois

Requires regulatory agendas submitted under the Illinois Administrative Procedure Act to include a statement as to whether a proposed rule will affect persons or entities in downstate Illinois. Requires agencies to reduce the impact of a new rule or amendment to an existing rule on persons or entities in downstate Illinois and to provide an opportunity for persons or entities in downstate Illinois to participate in the rulemaking process. Defines "Downstate Illinois" as all counties other than Cook, DuPage, Kane, Kendall, Lake, McHenry, and Will.


HB 5370 Rep. Wilhour Statement of Economic Interests - Additional Disclosures

Requires disclosure of the following information on statements of economic interest: (1) all businesses with which the person is associated; (2) all sources of income in excess of $1,000; (3) securities in excess of $5,000; (4) any known blind trust and the names of the trustees; (5) all real property and its location; (6) creditors who are owed debts of more than $10,000; (7) leases or contracts with the State held or entered into by the person or a business with which he or she is associated; and (8) a description of any partnership, joint ownership, or similar business affiliation between: a business that is associated with the person, the person’s spouse, or a relative of the person and a person who is registered under the Lobbyist Registration Act or doing business with or seeking to do business with the State.


HB 5412 Rep. Wehrli Annuitant Database Requires SURS to establish and post an annuitant database on its website by July 1, 2020. Requires the annuitant database to be a searchable database of the names of all persons receiving an annuity from SURS and the amount of the annuity paid by SURS to that person each month.

Nearly Identical to HB 3131 (Rep. Wehrli)


HB 5445 Rep. Smith Non-Tenured and Adjunct Faculty - State Benefits

Requires the board of trustees of each public university and community college district to provide State benefits, including health insurance and pension benefits, for adjunct faculty teaching a combined 50% workload at any combination of public higher education institutions.

Identical to SB 3766 (Sen. Fine)

House Assigned to Appropriations - Higher Education Committee on 3/3/20

HB 5584 Rep. E. Hernandez

Wire Transfer Tax Act

Creates the Wire Transfer Tax Act. Imposes a tax of 1% of the amount transferred on each wire transfer originating from within Illinois, beginning January 1, 2021. Requires the tax to be collected and remitted to the Illinois Department of Revenue by the financial institution that facilitates the wire transfer. Requires moneys received from the tax to be deposited into the Illinois DREAM Fund, which provides post-secondary educational scholarships to the children of immigrants.

House Assigned to Revenue and Finance Committee on 3/12/20

Exhitbit 8








Bill Number


HB 5687 Rep. Harris Governor’s FY 2021 Introduced Budget

Appropriates $1,995,767,000 to SURS for the annual required State contribution for FY 2021. (Of this amount, $1,780,767,000 comes from the General Revenue Fund, and $215,000,000 comes from the State Pensions Fund. This amount is equal to the amount of the annual required State contribution certified by SURS for FY 2021.) Appropriates $7,282,374 from the Education Assistance Fund for the State’s contribution to the College Insurance Program. Appropriates $37,560,255 from the General Revenue Fund for additional State contributions to CIP for FY 2021.



HB 5746 Rep. Harris FY 2020 Supplemental Budget

Appropriates $50,000 from the General Revenue Fund to SURS for employer contributions required by the State as an employer in FY 2020. (These contributions are required due to the collectively bargained back wages paid to participating employees at the Department of Innovation and Technology pursuant to Public Act 101-7.)



HB 5755 Rep. Harris FY 2021 Governor's Salary

Appropriates $186,400 to the State Comptroller for the Governor's salary for FY 2021. (The Governor's salary for FY 2020 is $177,500. 40 ILCS 5/15-155(j-5) requires employers to pay the employer normal cost on the portion of an employee's earnings in excess of the Governor's salary.)


HB 5764 Rep. Harris First 2020 General Revisory Act

Creates the First 2020 General Revisory Act. Does not intend to make any substantive change in the law. Reconciles conflicts that have arisen from multiple amendments and enactments and makes technical corrections and revisions in the law. Corrects a reference to the Illinois Pension Code and removes obsolete text that was repealed by Public Act 101-10 (the FY 2020 Budget Implementation Act).


HB 5769 Rep. Thapedi Personal Protective Equipment Responsibility Act

Creates the Personal Protective Equipment Responsibility Act. Requires essential businesses to adhere to the following requirements upon the issuance of a disaster proclamation by the Governor, or any executive order issued in furtherance of the disaster proclamation, until the disaster proclamation or executive order expires: to provide appropriate face coverings and other personal protective equipment for independent contractors and employees; to require that independent contractors and employees wear face coverings when a 6-foot social distance cannot be maintained at all times; and to ensure personal protective equipment complies with OSHA standards and is provided, used, and maintained in a sanitary and reliable condition. Provides for injunctive relief and action for damages.


SB 60 Sen. Bennett Repeal 3% Rule and Re-Enact 6% Rule

Requires employers to pay the present value of the portion of any salary increases in excess of 6% (currently, 3%) during a participant's final rate of earnings period.

Identical to HB 350 (Rep. Willis)

Senate Re-Referred to Assignments Committee on 3/22/19

SB 75 (ENRL)

Sen. Bush (Rep. A. Williams)

Workplace Protections Omnibus

Contains several provisions designed to provide employee protections in the workplace. These include: protections against discrimination and harassment (including the rights of complainants); protections against non-disclosure clauses; annual training to prevent discrimination and harassment; the right to employment leave due to incidents of sexual violence and gender violence; and the annual reporting of certain settlements and adverse judgments and administrative rulings by employers to the Illinois Department of Human Rights.

Governor Pritzker Signed into Law as Public Act 101-0221 on 8/9/19 (Senate: 59-0-0; House: 114-0-0)

Exhitbit 8






http://ilga.gov/legislation/BillStatus.asp?DocNum=60&GAID=15&DocTypeID=SB&LegId=114513&SessionID=108&GA=101

http://ilga.gov/legislation/BillStatus.asp?DocNum=0075&GAID=15&DocTypeID=SB&LegID=115041&SessionID=108&SpecSess=&Session=&GA=101


Bill Number


SB 178 Sen. Aquino State Serial Long Term Pension Obligation Bonds

Authorizes the issuance of $120.015 billion in State Serial Long Term Pension Obligation Bonds to bring the funded status of the state pension systems up to 90% of assets to liabilities. Requires SERS, SURS, and TRS to deposit 36% of bond proceeds received into investment funds for the purposes of taking advantage of interest arbitrage from the bond proceeds and for making debt service contributions for the bonds. Creates a continuing appropriation for the repayment of principal and interest due on the bonds.

Similar to HB 2441 (Rep. Martwick)


SB 262 (ENRL)

Sen. J. Cullerton (Rep. Harris)

FY 2020 Budget Appropriates $1,854,692,000 for the state contribution to SURS for FY 2020. The FY 2020 certified state contribution to SURS is $1,854,692,000. Appropriates $4,431,113 from the Education Assistance Fund to SURS for deposit into the Community College Health Insurance Security Fund for the state contribution to the College Insurance Program for FY 2020. The FY 2020 certified state contribution to the College Insurance Program (CIP) is $4,431,113.


SA #1 to SB 264

Sen. Harmon FY 2020 Supplemental Budget and FY 2021 Budget

Appropriates $50,000 from the General Revenue Fund to SURS for employer contributions required by the State as an employer in FY 2020. (These contributions are required due to the collectively bargained back wages paid to participating employees at the Department of Innovation and Technology pursuant to Public Act 101-7.) Appropriates $181,700 to the State Comptroller as the Governor's salary for FY 2021. (The Governor's salary for FY 2020 is $177,500. 40 ILCS 5/15-155(j-5) requires employers to pay the employer normal cost on the portion of an employee's earnings in excess of the Governor's salary.) Appropriates $1,995,767,000 to SURS for the annual required State contribution for FY 2021. (Of this amount, $1,780,767,000 comes from the General Revenue Fund, and $215,000,000 comes from the State Pensions Fund. This amount is equal to the amount of the annual required State contribution certified by SURS for FY 2021.) Appropriates $4,622,773 from the Education Assistance Fund for the State’s contribution to the College Insurance Program for FY 2021.

Similar to HA #1 to HB 64 (Rep. Harris) and HA #1 and #2 to SB 264 (Rep. Harris)

SA #1 Tabled on 5/20/20

HA #1 to SB 264



Similar to SA #1 to SB 264 (Sen. Harmon), HA #1 to HB 64 (Rep. Harris), and HA #2, #3, and #4 to SB 264 (Rep. Harris)

HA #1 Withdrawn on 5/23/20

Exhitbit 8


http://ilga.gov/legislation/billstatus.asp?DocNum=262&GAID=15&GA=101&DocTypeID=SB&LegID=116189&SessionID=108




http://ilga.gov/legislation/BillStatus.asp?DocNum=264&GAID=15&DocTypeID=SB&LegId=116191&SessionID=108


Bill Number


HA #2 to SB 264



Similar to SA #1 to SB 264 (Sen. Harmon), HA #1 to HB 64 (Rep. Harris), and HA #1, #3, #4, and #5 to SB 264 (Rep. Harris)


HA #3 to SB 264



Similar to SA #1 to SB 264 (Sen. Harmon), HA #1 to HB 64 (Rep. Harris), and HA #1, #2, #4, #5 to SB 264 (Rep. Harris)


HA #4 to SB 264





Exhitbit 8







Bill Number


HA #5 to SB 264




HA #5 Adopted on 5/23/20

SB 264 (ENRL)

Sen. Harmon (Rep. Harris)

FY 2020 Supplemental Budget and FY 2021 Budget


Passed Both Houses on 5/24/20 (Senate: 37-19-0; House: 68-44-0)

SB 1187 Sen. Oberweis

Right to Shop Act Requires the Director of Central Management Services to conduct an analysis of the cost effectiveness of implementing an incentive-based program for enrollees and retirees of the state group health benefits plan offered under the State Employees Group Insurance Act of 1971. Requires a program found to be cost effective to be implemented as part of the next open enrollment.

Placed on Calendar Order of 2nd Reading in the Senate on 5/23/20

SB 1264 (ENRL)

Sen. Aquino (Rep. Martwick)

RUUPA Trailer Bill for Public Retirement Systems

Ensures that annuity, pension, and benefit funds held in a fiduciary capacity by or on behalf of a retirement system, pension fund, or investment board under the Illinois Pension Code remain in their respective trusts and are not paid or delivered to the State Treasurer's Office under the Revised Uniform Unclaimed Property Act. Requires pension funds, retirement systems, and investment boards created pursuant to Articles 3, 4, and 22 of the Illinois Pension Code to adhere to certain compliance requirements regarding best practices to locate owners of unclaimed property.


SB 1265 (ENRL)

Sen. Aquino (Rep. Martwick)

SURS Technical Corrections Bill

SURS initiative that makes three technical changes to Article 15 of the Illinois Pension Code to reflect SURS' longstanding interpretation and administration of benefits.

Identical to HB 2440 (Rep. Martwick)


Exhitbit 8










Bill Number


SB 1300 (ENRL)

Sen. Castro (Rep. Hoffman)

Suburban and Downstate Police/Fire Investment Consolidation

Allows Tier 2 police officers and firefighters to retire at age 60 (instead of age 67) without a reduced retirement annuity under the special formula for police officers and firefighters. Requires the Governor to designate the Chairperson of the SURS Board of Trustees (instead of the Chairperson of the Illinois Board of Higher Education automatically serving as the Chairperson of the SURS Board of Trustees). Makes a technical change related to the accelerated pension benefit payment option for Tier 1 and Tier 2 vested, inactive members.


SB 1376 Sen. Rose Merge ICCB and ISAC into IBHE

Merges the Illinois Community College Board and the Illinois Student Assistance Commission into the Illinois Board of Higher Education on January 1, 2020. Establishes that the rights of State employees, the State, and its agencies under the Personnel Code and applicable collective bargaining agreements and retirement plans are not affected by this change.

Nearly identical to SB 3006 (Sen. Rose)


SB 1485 (ENGR)

Sen. Lightford (Rep. Lilly)

Racial Bias, Discrimination, and Harassment Omnibus


Identical to HB 2101 (Rep. Smith) and HB 2547 (Rep. Lilly)


SB 1505 Sen. Hastings Judges Keep Tier I Status

Establishes that a person who participates in the Judges’ Retirement System prior to January 1, 2011 is deemed to be a person who first became a member or participant of the State Employees’ Retirement System, State Universities Retirement System, or Teachers’ Retirement System prior to January 1, 2011.

Senate Referred to Assignments Committee on 2/15/19

SB 1639 (ENRL)

Sen. Steans (Rep. Harris)


Requires the Secretary of State to create a publicly accessible and searchable database with disclosures made by registered lobbyists under the Lobbyist Registration Act, contributions made by registered lobbyists that are required to be disclosed under the Election Code, and statements of economic interests required to be filed by State officials and employees under the Illinois Governmental Ethics Act.


SB 1671 (ENGR)

Sen. Martinez (Rep. Harris)

Emerging Manager RFP Exemption

Modifies the definition of "emerging investment manager" to include investment managers with assets under management of less than $10 million and more than $20 billion, if they had assets of at least $10 million but less than $20 billion at the time of the initial contract with the retirement system, pension fund, or investment board. Exempts contracts for investment services with emerging investment managers from the competitive bidding requirements of the Illinois Pension Code. Allows a retirement system, pension fund, or investment board to contract with an emerging investment manager providing investment services in a multimanager portfolio for at least 2 years under a manager of emerging investment managers program, upon the written recommendation of the manager of emerging investment managers.

Similar to SB 3748 (Sen. Martinez) and SB 3750 (Sen. Martinez)


SB 1698 (ENGR)

Sen. Martinez (Rep. Willis)

Public Retirement Systems Broadcast Open Meetings

Requires certain public pension funds and retirement systems to broadcast and maintain audio and video of their open meetings in real-time on their websites.

Passed the Senate (48-0-0) on 3/28/19

Exhitbit 8













Bill Number


HA #1 to SB 1698

Rep. Martwick

Public Retirement Systems Broadcast Open Meetings

Re-inserts the provisions of the introduced bill but exempts the Chicago Policemen's Pension Fund from the requirements of the legislation (in addition to Downstate Policemen's Pension Funds and Downstate Firefighters' Pension Funds).

HA #1 Re-Referred to House Rules Committee on 5/10/19

HA #2 to SB 1698

Rep. Willis Local Government Officer Compensation Act Trailer Bill

Replaces everything after the enacting clause with provisions amending the Local Government Officer Compensation Act.


SB 1784 (ENRL)

Sen. Harmon (Rep. Hoffman)

Post-Janus Employee Labor Union Protections

Exempts information prohibited from being disclosed under the Illinois Pension Code from inspection and copying under the Freedom of Information Act. Prohibits a pension fund or retirement system from disclosing the following information of any members or participants of any pension fund or retirement system: (1) the individual’s home address (including ZIP code and county); (2) the individual’s date of birth; (3) the individual’s home and personal phone number; (4) the individual’s personal email address; (5) personally identifying member or participant deduction information; or (6) any membership status in a labor organization or other voluntary association affiliated with a labor organization or labor federation (including whether participants are members of such organization, the identity of such organization, whether or not participants pay or authorize the payment of any dues or moneys to such organization, and the amounts of such dues or moneys). Establishes that this prohibition does not apply to disclosures: (1) required under the Freedom of Information Act; (2) for purposes of conducting public operations or business; or (3) to a labor organization or other voluntary association affiliated with a labor organization or labor federation.


HA #2 to SB 1805

Rep. Harris FY 2021 Budget Implementation Act

Creates the FY 2021 Budget Implementation Act to make changes in State programs that are necessary to implement the FY 2021 budget. Creates the Emergency Budget Act of FY 2021. Authorizes the Governor to designate a contingency reserve from general funds and any special fund for FY 2021, with certain notification requirements. Establishes that any expenditure from State funds is made subject to appropriation during FY 2021, except for non-appropriated funds, non-appropriated accounts, locally held funds, and appropriations with continuing authority. Authorizes the use of money in the State Pensions Fund as part of the annual State contribution to SURS for FY 2021. Extends the lapse period for FY 2020 from August 31, 2020 to December 31, 2020.

Similar to HA #3 to SB 1805 (Rep. Harris) and SA #1 and #2 to HB 357 (Sen. Harmon)

HA #2 Recommends Be Adopted in Executive Committee on 5/22/20

HA #3 to SB 1805



Similar to HA #2 and #4 to SB 1805 (Rep. Harris) and SA #1 and #2 to HB 357 (Sen. Harmon)


HA #4 to SB 1805



Similar to HA #2 and #3 to SB 1805 (Rep. Harris) and SA #1 and #2 to HB 357 (Sen. Harmon)


Exhitbit 8













Bill Number


SB 1814 (ENRL)

Sen. Steans (Rep. Harris)

Fiscal Year 2020 Budget Implementation Bill


Similar to SA #1 to HB 816 (Sen. Steans)


SB 1827 (ENGR)

Sen. Morrison (Rep. Morgan)

Uniform Statement of Economic Interests

Creates a uniform statement of economic interests. Requires all filers to disclose: (1) assets with a value of more than $25,000; (2) sources of income that generated in excess of $10,000; (3) each creditor of a debt in excess of $25,000; (4) each debtor of a debt in excess of $25,000; (5) each lobbyist registered with any unit of government in Illinois with whom the filer maintains an economic relationship or who is a member of the filer's family; and (6) each source and type of gifts or honoraria in excess of $1,000. Applies to statements of economic interest filed in 2020 and each year thereafter.

Held on Calendar Order of 2nd Reading in the House on 5/21/20; Passed the Senate (56-0-0) on 3/13/19

SB 1846 Sen. Schimpf Veteran-Owned Businesses Utilization

Requires public retirement systems, pension funds, and investment boards to utilize veteran-owned businesses for certain contracts and services.


SA #1 to SB 1846

Sen. Schimpf Veteran-Owned Businesses Utilization

Makes technical changes. SA #1 Re-Referred to Assignments Committee on 3/22/19

HA #5 to SB 1863

Rep. Harris 2020 General Election Procedures

Establishes November 3, 2020 as a State holiday known as 2020 General Election Day. Requires all government offices, with the exception of election authorities, to be closed unless authorized to be used as a location for election day services or as a polling place. Makes other changes.


SB 1863 (ENRL)

Sen. Morrison (Rep. Burke)

2020 General Election Procedures

Establishes November 3, 2020 as a State holiday known as 2020 General Election Day. Requires all government offices, with the exception of election authorities, to be closed unless authorized to be used as a location for election day services or as a polling place. Makes other changes.


SB 1948 Sen. Tracy 3% Rule Exemptions Creates exemptions to the 3% rule created by Public Act 100-0587 for overload work, overtime, and promotions.

Similar to SB 2145 (Sen. Villivalam)


SB 1952 (ENGR)

Sen. Manar (Rep. Willis)

Repeal 3% Rule and Re-Enact 6% Rule

Requires employers to pay the present value of the portion of any salary increases in excess of 6% (currently, 3%) during a participant's final rate of earnings period. Makes other changes.

Similar to SB 60 (Sen. Bennett) and HB 350 (Rep. Willis)

Passed the Senate (51-5-0) on 4/10/19

SA #1 to SB 1952

Sen. Manar Repeal 3% Rule and Re-Enact 6% Rule

As it relates to SURS, SA #1 to SB 1952 is identical to the underlying bill. SA #1 Adopted on 4/10/19

Exhitbit 8





http://www.ilga.gov/legislation/BillStatus.asp?DocNum=1846&GAID=15&DocTypeID=SB&LegID=119492&SessionID=108&SpecSess=&Session=&GA=101




http://www.ilga.gov/legislation/BillStatus.asp?DocNum=1952&GAID=15&DocTypeID=SB&LegId=119869&SessionID=108&GA=101

http://www.ilga.gov/legislation/BillStatus.asp?DocNum=1952&GAID=15&DocTypeID=SB&LegId=119869&SessionID=108&GA=101



Bill Number


HA #1 to SB 1952

Rep. Willis Repeal 3% Rule and Re-Enact 6% Rule

Removes provisions of the bill that repeal the 3% rule and re-enact the 6% rule. HA #1 Adopted on 5/15/19

SB 2060 (ENGR)

Sen. Martinez (Rep. Martwick)

Emerging Investment Manager Goals – Total Fees Paid

Requires the goals for the policy for the utilization of emerging investment managers to be based on the percentage of total dollar amount of fees paid under (currently, the dollar amount of) investment service contracts let to minority-owned businesses, women-owned businesses, and businesses owned by a person with a disability. Requires the annual report to the Governor and the General Assembly to include the total dollar amount of fees paid under investment contracts with emerging investment managers (currently, the percentage of the assets under the investment control of emerging investment managers) for the three separate goals. Establishes that it must be the aspirational goal for a retirement system, pension fund, or investment board to use emerging investment managers for not less than 20% of fees paid in each asset class (currently, funds under management).

Similar to SB 3749 (Sen. Martinez)


SB 2062 Sen. Martinez


Requires every retirement system, pension fund, or investment board to adopt a written investment policy and file a copy of that policy with the Department of Insurance within 30 days after its adoption. Requires the investment policy to include material, relevant, and decision-useful sustainability factors to be applied by the board in evaluating investment decisions, including, but not limited to: (1) corporate governance and leadership factors; (2) environmental factors; (3) social capital factors; (4) human capital factors; and (5) business model and innovation factors, as provided under the Illinois Sustainable Investing Act. Establishes that whenever a board changes its investment policy, it must file a copy of the new policy with the Department within 30 days.

Identical to HB 2460 as Introduced (Rep. Davis)


SA #1 to SB 2062

Sen. Martinez


Establishes that the investment policy must include material, relevant, and decision-useful sustainability factors to be considered by the board, within the bounds of financial and fiduciary prudence, in evaluating investment decisions. (In the original bill, the investment policy must include material, relevant, and decision-useful sustainability factors to be applied by the board in evaluating investment decisions.) Makes changes to the Illinois Sustainable Investing Act.

Nearly identical to HA #1 to HB 2460


SA #2 to SB 2062

Sen. Martinez


Modifies the description of human capital factors to include responsible contractor and responsible bidder policies.

Identical to HA #2 to HB 2460

SA #2 Re-Referred to Assignments Committee on 7/3/19

HA #2 to SB 2099

Rep. Zalewski FY 2020 and FY 2021 Borrowing

Creates the Coronavirus Urgent Remediation Emergency Borrowing Act (CURE Borrowing Act). Authorizes the Governor to borrow up to $5 billion during FY 2020 and FY 2021 from the Federal Reserve Bank or its agent under the Municipal Liquidity Facility program. Requires moneys borrowed to be used to: (1) meet failures of revenue resulting from COVID-19 and to support the emergency response to COVID-19; (2) pay or reimburse new or increased costs of State government resulting from COVID-19 and the emergency response to COVID-19; (3) respond to any other disaster or emergency or failure of revenues or the costs of essential government services; (4) pay or reimburse Medicaid costs; and (5) pay or reimburse costs payable from the Health Insurance Reserve Fund. Requires moneys borrowed to be deposited into the Coronavirus Urgent Remediation Emergency Borrowing Fund (CURE Borrowing Fund) to pay for the aforementioned expenses and to be repaid within 10 years.

Similar to HA #3 to SB 2099 (Rep. Zalewski)


Exhitbit 8












Bill Number


HA #3 to SB 2099

Rep. Zalewski FY 2020 and FY 2021 Borrowing

Creates the Coronavirus Urgent Remediation Emergency Borrowing Act (CURE Borrowing Act). Authorizes the Governor to borrow up to $5 billion during FY 2020 and FY 2021 from the Federal Reserve Bank or its agent under the Municipal Liquidity Facility program. Requires moneys borrowed to be used to: (1) meet failures of revenue resulting from COVID-19 and to support the emergency response to COVID-19; (2) pay or reimburse new or increased costs of State government resulting from COVID-19 and the emergency response to COVID-19; (3) respond to any other disaster or emergency or failure of revenues or the costs of essential government services; (4) provide funds for deposit into the Healthcare Provider Relief Fund; and (5) pay or reimburse costs payable from the Health Insurance Reserve Fund. Requires moneys borrowed to be deposited into the Coronavirus Urgent Remediation Emergency Borrowing Fund (CURE Borrowing Fund) to pay for the aforementioned expenses and to be repaid within 10 years.

Similar to HA #2 to SB 2099 (Rep. Zalewski)


SB 2099 (ENRL)

Sen. Harmon (Rep. Zalewski)

FY 2020 and FY 2021 Borrowing

Creates the Coronavirus Urgent Remediation Emergency Borrowing Act (CURE Borrowing Act). Authorizes the Governor to borrow up to $5 billion during FY 2020 and FY 2021 from the Federal Reserve Bank or its agent under the Municipal Liquidity Facility program. Requires moneys borrowed to be used to: (1) meet failures of revenue resulting from COVID-19 and to support the emergency response to COVID-19; (2) pay or reimburse new or increased costs of State government resulting from COVID-19 and the emergency response to COVID-19; (3) respond to any other disaster or emergency or failure of revenues or the costs of essential government services; (4) provide funds for deposit into the Healthcare Provider Relief Fund; and (5) pay or reimburse costs payable from the Health Insurance Reserve Fund. Requires moneys borrowed to be deposited into the Coronavirus Urgent Remediation Emergency Borrowing Fund (CURE Borrowing Fund) to pay for the aforementioned expenses and to be repaid within 10 years.

Governor Pritzker Signed into Law on 5/29/20 as Public Act 101-0630 (Senate: 37-19-0; House: 71-45-0)

HA #4 to SB 2135

Rep. Burke Government Emergency Administration Act

Creates the Government Emergency Administration Act. Allows a meeting subject to the Open Meetings Act to be conducted by audio or video conference during a disaster declaration because of a health pandemic or similar emergency, without the physical presence of a quorum of the members, as long as certain conditions are met. Establishes that no public body is considered to be in violation of the Freedom of Information Act for failing to respond within the time prescribed by the Act to any request due on or after March 9, 2020 and prior to June 1, 2020, if the public body provides a response by the later of 30 days after the effective date of the legislation or the time prescribed by the Act for the relevant request. Gives statutory approval to the remote notary and witness guidelines provided in Executive Order 2020-14. Suspends the deadlines for filing statements of economic interests on or after March 17, 2020 until August 1, 2020.

Similar to HA #5 to SB 2135 (Rep. Burke)


Exhitbit 8







Bill Number


HA #5 to SB 2135


Creates the Government Emergency Administration Act. Allows an open or closed meeting subject to the Open Meetings Act to be conducted by audio or video conference during a disaster declaration related to public health concerns, without the physical presence of a quorum of the members, as long as certain conditions are met. Establishes that no public body is considered to be in violation of the Freedom of Information Act for failing to respond within the time prescribed by the Act to any request due on or after March 9, 2020 and within 15 days after the effective date of the legislation, if the public body provides a response by the later of 30 days after the effective date of the legislation or the time prescribed by the Act for the relevant request. Gives statutory approval to the remote notary and witness guidelines provided in Executive Order 2020-14. Suspends the deadlines for filing statements of economic interests on or after March 17, 2020 until August 1, 2020. Allows for remote participation by members of the following bodies: the General Assembly, the Joint Committee on Administrative Rules, the Commission on Government Forecasting and Accountability, and the Legislative Audit Commission.

Similar to HA #4 to SB 2135 (Rep. Burke)


HA #7 to SB 2135


Removes language from HA #5 allowing remote participation by members of the General Assembly. HA #7 Withdrawn on 5/23/20

HA #8 to SB 2135


Removes language from HA #5 providing that no public body is considered to be in violation of the Freedom of Information Act for failing to respond within the time prescribed by the Act to any request due on or after March 9, 2020 and within 15 days after the effective date of the legislation, if the public body provides a response by the later of 30 days after the effective date of the legislation or the time prescribed by the Act for the relevant request. Removes language from HA #5 allowing remote participation by members of the General Assembly.


HA #9 to SB 2135


Removes language from HA #5 providing that no public body is considered to be in violation of the Freedom of Information Act for failing to respond within the time prescribed by the Act to any request due on or after March 9, 2020 and within 15 days after the effective date of the legislation, if the public body provides a response by the later of 30 days after the effective date of the legislation or the time prescribed by the Act for the relevant request. Removes language from HA #5 allowing remote participation by members of the General Assembly, the Joint Committee on Administrative Rules, the Commission on Government Forecasting and Accountability, and the Legislative Audit Commission.


SB 2135 (ENRL)

Sen. Sims (Rep. Burke)

Government Emergency Administration Act

Creates the Government Emergency Administration Act. Allows an open or closed meeting subject to the Open Meetings Act to be conducted by audio or video conference during a disaster declaration related to public health concerns, without the physical presence of a quorum of the members, as long as certain conditions are met. Gives statutory approval to the remote notary and witness guidelines provided in Executive Order 2020-14. Suspends the deadlines for filing statements of economic interests on or after March 17, 2020 until August 1, 2020.


Exhitbit 8











Bill Number


SB 2145 Sen. Villivalam

3% Rule Exemptions Creates exemptions to the 3% rule created by Public Act 100-0587 for participants who are 10 or more years away from retirement eligibility, overload work, overtime, and promotions.

Similar to SB 1948 (Sen. Tracy)


SB 2165 Sen. Harmon FY 2020 Governor’s Introduced Budget

Appropriates $1,626,692,000 for the state contribution to SURS for FY 2020 ($1,426,692,000 from the General Revenue Fund and $200,000,000 from the State Pensions Fund). The FY 2020 certified state contribution to SURS is $1,854,692,000. Appropriates $4,431,113 from the Education Assistance Fund to SURS for deposit into the Community College Health Insurance Security Fund for the state contribution to the College Insurance Program for FY 2020. The FY 2020 certified state contribution to the College Insurance Program is $4,431,113.

Identical to HB 3718 (Rep. Harris)


SB 2320 Sen. Plummer

State Officials and Employees Ethics Act - No Private Pay for Public Work

Prohibits a State employee from receiving monetary or other compensation from any private party for work performed within the scope of his or her employment by a State agency under the State Officials and Employees Ethics Act.


SB 2545 Sen. Castro SURS Trustee Status Clarification

SURS initiative that clarifies the intent of the General Assembly regarding a SURS trustee’s change in status. Identical to HB 4323 (Rep. Burke)


SB 2554 Sen. Steans Pension Stabilization Fund - Transfers

Requires $200 million to be transferred into the Pension Stabilization Fund when the State’s bill backlog is less than $3 billion. (Money in the Pension Stabilization Fund must be used to reduce the unfunded liabilities of the state-funded retirement systems.)


SB 2747 Sen. Fine Payment of Pension Benefits – Recovery of Legal Costs

Gives the court discretion to allow parties to a legal action concerning the payment of pension benefits to recover reasonable legal costs associated with the action.


SB 2795 (ENGR)

Sen. Martwick

Required Minimum Distribution Age Technical Correction

SURS initiative that corrects an outdated reference to the required minimum distribution age under the Internal Revenue Code.

Arrived in the House; Passed the Senate (56-0-0) on 3/4/20

SB 3004 Sen. Belt SEGIP Re-Enrollment after Non-Payment of Premiums

Permits an annuitant, survivor, or retired employee whose coverage has been terminated for nonpayment of premiums to re-enroll in the program of group health benefits during the next annual benefit choice period, as determined by the Director of Central Management Services, if he or she has fully paid all previous nonpayments prior to that re-enrollment. Permits re-enrollment in such circumstances prior to January 1, 2022.

Similar to HA #1 to HB 139 (Rep. Greenwood)


SB 3006 Sen. Rose Merge ICCB and ISAC into IBHE

Merges the Illinois Community College Board and the Illinois Student Assistance Commission into the Illinois Board of Higher Education on January 1, 2021. Establishes that the rights of State employees, the State, and its agencies under the Personnel Code and applicable collective bargaining agreements and retirement plans are not affected by this change.

Nearly identical to SB 1376 (Sen. Rose)


Exhitbit 8



http://ilga.gov/legislation/fulltext.asp?DocName=&SessionId=108&GA=101&DocTypeId=SB&DocNum=2320&GAID=15&LegID=122597&SpecSess=&Session=








Bill Number


SB 3019 Sen. Martwick

SURS Supplemental Defined Contribution Plan – EACA

Requires the supplemental defined contribution plan to provide for an eligible automatic contribution arrangement that permits a withdrawal of default elective contributions in accordance with Section 414(w) of the Internal Revenue Code of 1986, as amended, and United States Department of Treasury regulations.


SA #1 to SB 3019

Sen. Martwick

SURS Supplemental Defined Contribution Plan – EACA

Requires the supplemental defined contribution plan to provide for one or more automatic contribution arrangements, at least one of which shall be an eligible automatic contribution arrangement that permits a withdrawal of default elective contributions in accordance with Section 414(w) of the Internal Revenue Code of 1986, as amended, and United States Department of Treasury regulations.

SA #1 Referred to Assignments Committee on 3/5/20

SB 3061 Sen. Hastings Repeal CMS Report Repeals a requirement that the Department of Central Management Services prepare an annual report showing, on a fiscal year by fiscal year basis, the amount by which the State’s cost for health insurance coverage for retirees of the State’s universities and their survivors has declined as a result of requiring some of those retirees and survivors to contribute to the cost of their basic health insurance.


SB 3318 Sen. Morrison


Creates a uniform statement of economic interests beginning with statements filed in 2020. Requires the following information to be disclosed in the uniform statement of economic interests: (1) Each asset with a value in excess of $5,000; (2) Each source of income in excess of $1,200 and the transaction dates for assets that generated more than $5,000 in capital gains when sold or transferred; (3) Each creditor of a debt in excess of $5,000; (4) Each debtor of a debt in excess of $5,000; (5) The name of each unit of local government of which the filer was an employee, contractor, or office holder; (6) Each person known to the filer to be a registered lobbyist with any unit of government and with whom the filer has an economic or familial relationship; and (7) Each source and type of gift or honorarium valued in excess of $500.

Nearly Identical to HB 4618 (Rep. Stava-Murray) and Similar to HA #2 to SB 1639 (Rep. Harris) and HB 3988 (Rep. Skillicorn)


SB 3391 Sen. Ellman Pension Code - Noncompliance

Imposes and increases penalties for noncompliance with the Illinois Pension Code. Authorizes the Attorney General or State’s Attorney to order a pension fund’s compliance with the Illinois Pension Code.


SB 3562 Sen. Curran Open Meetings Act - Review Minutes of Closed Meetings

Requires each public body to periodically meet to review minutes of all closed meetings every 6 months, or as soon thereafter as is practicable, taking into account the nature and meeting schedule of the public body. Requires committees that are ad hoc in nature to review closed session minutes at the later of: (1) 6 months from the date of the last review of closed session minutes or (2) at the next scheduled meeting of the ad hoc committee. Under current law, each public body must meet periodically, but no less than semi-annually, to review minutes of all closed meetings. Establishes that when a public body is dissolved, disbanded, eliminated, or consolidated by executive action, legislative action, or referendum, the governing body of the unit of local government in which the public body was located must review the closed session minutes of that public body.


SB 3600 Sen. Bennett SURS Affected Annuitant Exemption

Exempts an employer that employs an affected annuitant to fill a posted position that has been vacant for at least 180 days from the requirement to pay the employer contribution for that annuitant for one academic year. Requires the employer to immediately notify SURS upon employing an affected annuitant under these circumstances.


Exhitbit 8









Bill Number


SB 3680 Sen. Brady Transition from Public to Nonpublic Universities

Requires each public university in Illinois to transition into a nonpublic institution of higher education, beginning on July 1, 2020. Requires each board of trustees of a public university to develop and implement a 6-year plan for the transition that includes all of the following: (1) a date upon which the university will be deemed to be a nonpublic institution of higher education; (2) the appointment of a governing board to oversee the nonpublic university; (3) a determination of all books, records, funds, and other property that will be transferred; (4) how employees, along with their health care, retirement, and all other benefits, as well as any collective bargaining agreements, will be addressed; and (5) recommendations concerning the statutory changes needed to effectuate and reflect the transition.


SB 3698 Sen. Holmes Electronic Notarization

Provides for the electronic notarization of documents. Specifically, establishes application, registration, regulatory, procedural, bonding, and insurance policy requirements for an electronic notary public. Increases the fee for appointment and commission as a notary public from $10 to $15. Establishes an additional fee of $25 for commission as an electronic notary public. Modifies fees for non-electronic notarization and establishes fees for electronic notarization. Requires a notary public or an electronic notary public to keep a journal of each notarial act or electronic notarial act performed. Makes other changes.



MWDBE Utilization and Sustainable Investing Continuing Education

Requires trustees to complete a minimum of two hours of continuing education regarding the requirements and obligations of Sections 1-109.1, 1-113.6, and 1-113.7 of the Illinois Pension Code. (These Sections contain requirements related to MWDBE utilization and sustainable investing.) Requires existing trustees to complete the continuing education within 6 months after the effective date of the legislation and at least once every three years thereafter. Requires new trustees to complete the continuing education training within 6 months after first becoming a trustee and at least once every three years thereafter.



Emerging Investment Manager RFP Exemption

Exempts contracts for investment services with emerging investment managers from the competitive bidding requirements of the Illinois Pension Code.




Emerging Investment Manager Goals – Total Fees Paid

Requires the goals for the policy for the utilization of emerging investment managers to be based on the percentage of total dollar amount of fees paid under (currently, the dollar amount of) investment service contracts let to minority-owned businesses, women-owned businesses, and businesses owned by a person with a disability. Requires the annual report to the Governor and the General Assembly to include the total dollar amount of fees paid under investment contracts with emerging investment managers (currently, the percentage of the assets under the investment control of emerging investment managers) for the three separate goals. Establishes that it must be the aspirational goal for a retirement system, pension fund, or investment board to use emerging investment managers for not less than 20% of fees paid in each asset class (currently, funds under management).




Emerging Investment Manager - Definition

Modifies the definition of "emerging investment manager" to include investment managers with assets under management of less than $10 million and more than $20 billion, if they had assets of at least $10 million but less than $20 billion at the time of the initial contract with the retirement system, pension fund, or investment board.



Exhitbit 8






http://ilga.gov/legislation/fulltext.asp?DocName=&SessionId=108&GA=101&DocTypeId=SB&DocNum=3750&GAID=15&LegID=125796&SpecSess=&Session=

Bill Number


SB 3766 Sen. Fine Non-Tenured and Adjunct Faculty - State Benefits

Requires the board of trustees of each public university and community college district to provide State benefits, including health insurance and pension benefits, for adjunct faculty teaching a combined 50% workload at any combination of public higher education institutions.

Identical to HB 5445 (Rep. Smith)


SB 3810 Sen. Martwick

SURS 12 Days for Month of Service Credit

Requires a participating employee to work for at least 12 days in a month (currently, 15 days in a month) in order to receive one month of service credit.


SB 3893 Sen. Villivalam

BEP - Socially Disadvantaged Individuals

Modifies the definition of a “minority person” under the Business Enterprise for Minorities, Women, and Persons with Disabilities Act to include a person who qualifies as a socially disadvantaged individual. Defines a socially disadvantaged person as a person individually certified by the Business Enterprise Council as having been subjected to racial or ethnic prejudice or cultural bias within American society because of his or her identity as a member of a group and without regard to his or her individual qualities. Establishes that social disadvantage includes the following: (1) at least one objective distinguishing feature that has contributed to social disadvantage, such as race, ethnic origin, gender, disability, long-term residence in an environment isolated from the mainstream of American society, or other similar causes not common to individuals who are not socially disadvantaged; (2) personal experiences of substantial and chronic social disadvantage in American society; and (3) negative impact on entry into or advancement in the business world because of the disadvantage.


SA #1 to SB 3893

Sen. Villivalam

BEP - Socially Disadvantaged Persons and Economically Disadvantaged Persons

Modifies the definition of a “minority person” under the Business Enterprise for Minorities, Women, and Persons with Disabilities Act to include a person who qualifies as a socially disadvantaged person and a person who qualifies as an economically disadvantaged person. Defines a socially disadvantaged person as a person individually certified by the Business Enterprise Council as having been subjected to racial or ethnic prejudice or cultural bias within American society because of his or her identity as a member of a group and without regard to his or her individual qualities. Establishes that social disadvantage includes the following: (1) at least one objective distinguishing feature that has contributed to social disadvantage, such as race, ethnic origin, gender, disability, long-term residence in an environment isolated from the mainstream of American society, or other similar causes not common to individuals who are not socially disadvantaged; (2) personal experiences of substantial and chronic social disadvantage in American society; and (3) negative impact on entry into or advancement in the business world because of the disadvantage. Defines an economically disadvantaged person as a socially disadvantaged person whose ability to compete in the free enterprise system has been impaired due to diminished capital and credit opportunities as compared to others in the same or similar line of business who are not socially disadvantaged.

SA #1 Referred to Assignments Committee on 5/27/20

SB 3922 Sen. Harmon FY 2020 Supplemental Budget

Appropriates $50,000 from the General Revenue Fund to SURS for employer contributions required by the State as an employer in FY 2020. (These contributions are required due to the collectively bargained back wages paid to participating employees at the Department of Innovation and Technology pursuant to Public Act 101-7.)



Exhitbit 8







Bill Number


SB 3950 Sen. Harmon Governor’s FY 2021 Introduced Budget

Appropriates $1,995,767,000 to SURS for the annual required State contribution for FY 2021. (Of this amount, $1,780,767,000 comes from the General Revenue Fund, and $215,000,000 comes from the State Pensions Fund. This amount is equal to the amount of the annual required State contribution certified by SURS for FY 2021.) Appropriates $7,282,374 from the Education Assistance Fund for the State’s contribution to the College Insurance Program. Appropriates $37,560,255 from the General Revenue Fund to SURS for additional State contributions to CIP for FY 2021.



HJRCA 14 Rep. Skillicorn

No State Tax on Retirement Income

Amends Article IX, Section 3 of the Illinois Constitution to prohibit a State tax on retirement income. Defines “retirement income” as income derived from a pension or any other retirement plan.



Repeal Constitutional Pension and Retirement Rights

Repeals Article XIII, Section 5 of the Illinois Constitution (Pension and Retirement Rights). Identical to HJRCA 20 (Rep. Sosnowski) and HJRCA 46 (Rep. Sosnowski)


HJRCA 20 Rep. Sosnowski


Repeals Article XIII, Section 5 of the Illinois Constitution (Pension and Retirement Rights). Identical to HJRCA 19 (Rep. Skillicorn) and HJRCA 46 (Rep. Sosnowski)


HJRCA 21 Rep. Mazzochi

Protect Accrued and Payable Pension and Retirement Benefits

Amends Article XIII, Section 5 of the Illinois Constitution to apply to benefits that are already accrued and payable under the public pension systems and public retirement systems. Establishes that nothing in Article XIII, Section 5 of the Illinois Constitution limits the power of the General Assembly to make changes to future benefit accruals or benefits not yet payable, including for existing members of any public pension or public retirement system.

Identical to SJRCA 9 (Sen. Weaver); Nearly Identical to HJRCA 38 (Rep. Mazzochi)



No Bailout of Pensions for Elected Officials

Adds Article VIII, Section 5 to the Illinois Constitution to prohibit public funds from being expended for the purpose of a subsidy or bailout of a pension fund or retirement system for General Assembly members or constitutional officers.


HJRCA 38 Rep. Mazzochi

Protect Accrued and Payable Pension and Retirement Benefits

Amends Article XIII, Section 5 of the Illinois Constitution to apply to benefits that are already accrued and payable under the public pension systems and public retirement systems. Establishes that nothing in the Illinois Constitution limits the power of the General Assembly to make changes to future benefit accruals or benefits not yet payable, including for existing members of any public pension or public retirement system.

Nearly Identical to HJRCA 38 (Rep. Mazzochi) and SJRCA 9 (Sen. Weaver)



Change Pension Benefits

Amends Article XIII, Section 5 of the Illinois Constitution to establish that a person who has not attained 65 years of age is not entitled to receive a retirement pension. Establishes that automatic annual increases to any pension cannot exceed the lesser of 2% of the pension amount or the annual unadjusted percentage increase (but not less than zero) in the consumer price index, compounded. Prohibits a pension from exceeding $110,000 annually, except that the $110,000 is annually increased by the lesser of 2% or the annual unadjusted percentage increase (but not less than zero) in the consumer price index, compounded.


Exhitbit 8


http://ilga.gov/legislation/BillStatus.asp?DocNum=14&GAID=15&DocTypeID=HJRCA&LegId=115882&SessionID=108&GA=101

http://ilga.gov/legislation/BillStatus.asp?DocNum=0019&GAID=15&DocTypeID=HJRCA&LegID=118229&SessionID=108&SpecSess=&Session=&GA=101






Bill Number




Repeals Article XIII, Section 5 of the Illinois Constitution (Pension and Retirement Rights). Identical to HJRCA 19 (Rep. Skillicorn) and HJRCA 20 (Rep. Sosnowski)


SJRCA 5 Sen. Schimpf Budget - Continuing Appropriations

Amends Article VIII, Section 2 of the Illinois Constitution to establish that if the General Assembly fails to pass a State budget by May 31st, then existing appropriations for the previous fiscal year are in effect in the new fiscal year and all subsequent fiscal years until amended or eliminated by the General Assembly.


SJRCA 9 Sen. Weaver Protect Accrued and Payable Pension and Retirement Benefits

Amends Article XIII, Section 5 of the Illinois Constitution to apply to benefits that are already accrued and payable under the public pension systems and public retirement systems. Establishes that nothing in Article XIII, Section 5 of the Illinois Constitution limits the power of the General Assembly to make changes to future benefit accruals or benefits not yet payable, including for existing members of any public pension or public retirement system.

Identical to HJRCA 21 (Rep. Mazzochi); Nearly Identical to HJRCA 38 (Rep. Mazzochi)


HJR 16 Rep. Murphy (Sen. Manar)

State Sponsored Health Clinic Task Force

Resolves that the State Sponsored Health Clinic Task Force is created to study the possibility of implementing a State of Illinois sponsored health clinic for state employees, dependents, and retirees, with the purpose of providing quality care and annual savings to the State’s overall group insurance costs.

Resolution Adopted in Both Houses on 5/31/19 (House: 113-0-0; Senate: 50-1-0)

HJR 93 Rep. Harris (Sen. Castro)

Joint Commission on Ethics and Lobbying Reform

Resolves that the Joint Commission on Ethics and Lobbying Reform is created to: (1) review best practices concerning governmental ethics from local governments and other states; (2) seek input from experts and the general public concerning proposals to improve governmental ethics; and (3) review and make recommendations for changes to the State Officials and Employees Ethics Act, the Illinois Governmental Ethics Act, the Lobbyist Registration Act, the Public Officers Prohibited Activities Act, and Article 50 of the Illinois Procurement Code to improve public trust in government.

Resolution Adopted in Both Houses on 11/14/19 (House: 111-4-0; Senate: 32-18-0)

HJR 124 Rep. Madigan Graduated Income Tax Constitutional Amendment Information

Describes how the graduated income tax constitutional amendment will be presented to voters for consideration at the November 2020 general election. Specifically, provides for an explanation of the proposed amendment, arguments in favor of the amendment, and arguments against the amendment, and the form of ballot.

Identical to SJR 1 (Sen. Harmon)

Placed on Calendar Order of Resolutions in the House on 5/22/20

HJR 126 Rep. McSweeney

Withdraw Graduated Income Tax Constitutional Amendment

Resolves that the proposal to amend the Illinois Constitution authorized by SJRCA 1 is withdrawn from the general election ballot for November 3, 2020.

Identical to SJR 66 (Sen. Brady)

Filed with the Clerk on 5/26/20

HR 6 Rep. Flowers Urge Solution to Windfall Elimination Provision

Resolves that the Illinois House of Representatives urges President Trump and the United States Congress to continue to work to find a solution to the problems created by the Windfall Elimination Provision.

Resolution Adopted in the House on 5/15/19

Exhitbit 8


http://ilga.gov/legislation/BillStatus.asp?DocNum=5&GAID=15&DocTypeID=SJRCA&LegId=118332&SessionID=108&GA=101

http://ilga.gov/legislation/BillStatus.asp?DocNum=0009&GAID=15&DocTypeID=SJRCA&LegID=118819&SessionID=108&SpecSess=&Session=&GA=101

http://ilga.gov/legislation/BillStatus.asp?DocNum=0016&GAID=15&DocTypeID=HJR&LegID=115111&SessionID=108&SpecSess=&Session=&GA=101

http://ilga.gov/legislation/BillStatus.asp?DocNum=0093&GAID=15&DocTypeID=HJR&LegID=122524&SessionID=108&SpecSess=&Session=&GA=101

http://ilga.gov/legislation/billstatus.asp?DocNum=124&GAID=15&GA=101&DocTypeID=HJR&LegID=126925&SessionID=108

http://ilga.gov/legislation/BillStatus.asp?DocNum=126&GAID=15&DocTypeID=HJR&LegId=126953&SessionID=108&GA=101

http://ilga.gov/legislation/BillStatus.asp?DocNum=6&GAID=15&DocTypeID=HR&LegId=113794&SessionID=108&GA=101

Bill Number


HR 27 Rep. McSweeney

Oppose Educational Pension Cost Shift

Resolves that the Illinois House of Representatives states its belief that an educational pension cost shift is financially wrong and would only serve to shift pension burdens from the State to the status of an unfunded mandate.

Similar t o HR 117 (Rep. Skillicorn)


HR 32 Rep. McSweeney

Oppose Tax on Retirement Income

Resolves that the Illinois House of Representatives states its belief that the Illinois Income Tax Act should not be amended to permit taxing retirement income.

Identical to SR 127 (Sen. T. Cullerton)


HR 117 Rep. Skillicorn

Oppose Educational Pension Cost Shift

Resolves, by the Illinois House of Representatives, that the normal cost of pensions for state educators is the responsibility of the state and that the General Assembly should not use the current budget crisis as a reason to shift its financial responsibility for state pension costs to local taxpayers.

Similar to HR 27 (Rep. McSweeney)


HR 151 Rep. Skillicorn

Oppose Sale of Illinois Tollway

Opposes any plan to sell the Illinois Tollway. (In its introductory provisions, HR 151 refers to the potential sale of the Illinois Tollway to improve the funded status of public pensions.) Makes other resolutions.

Similar to SR 144 (Sen. T. Cullerton)


HR 343 Rep. E. Hernandez

Urge Divestment from For-Profit Companies that Contract to Shelter Migrant Children

Resolves, by the Illinois House of Representatives, that the State of Illinois is urged to divest from any for-profit companies that contract to shelter migrant children. Resolves that suitable copies of the resolution be delivered to the Illinois State Board of Investment, the State Universities Retirement System, the Teachers’ Retirement System, and the Office of the Governor.

Resolution Adopted in the House on 5/30/19

HR 600 Rep. Butler Oppose Chicago + State Pension Consolidation

Resolves that the Illinois House of Representatives urges Governor Pritzker and the Illinois Pension Consolidation Feasibility Task Force, in further studying the impact of any pension consolidation proposal, to refuse any attempt to consolidate downstate and suburban pension funds with the City of Chicago or Cook County pension funds or any attempt for the State of Illinois to absorb any liability for any City of Chicago or Cook County pension funds.


HR 727 Rep. Sosnowski

Oppose Financial Transaction Tax

Resolves, by the Illinois House of Representatives, that they support the continued health and operation of the financial transaction markets of Illinois and oppose the concept of a privilege tax on financial transactions. Resolves that any tax of this type will be passed on to burden the savings activities of people all over the world, including Illinois workers saving for retirement.

House Assigned to Sales, Amusement, and Other Taxes Subcommittee of Revenue and Finance Committee on 3/6/20

SJR 1 Sen. Harmon (Rep. Madigan)

Graduated Income Tax Constitutional Amendment Information

Describes how the graduated income tax constitutional amendment will be presented to voters for consideration at the November 2020 general election. Specifically, provides for an explanation of the proposed amendment, arguments in favor of the amendment, and arguments against the amendment, and the form of ballot.

Identical to HJR 124 (Rep. Madigan)

Resolution Adopted in Both Houses on 5/22/20 (Senate: 36-19-0; House: 71-45-0)

SJR 66 Sen. Brady Withdraw Graduated Income Tax Constitutional Amendment

Resolves that the proposal to amend the Illinois Constitution authorized by SJRCA 1 is withdrawn from the general election ballot for November 3, 2020.

Identical to HJR 126 (Rep. McSweeney)


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http://ilga.gov/legislation/BillStatus.asp?DocNum=0151&GAID=15&DocTypeID=HR&LegID=120672&SessionID=108&SpecSess=&Session=&GA=101

http://www.ilga.gov/legislation/BillStatus.asp?DocNum=0343&GAID=15&DocTypeID=HR&LegID=121330&SessionID=108&SpecSess=&Session=&GA=101

http://ilga.gov/legislation/billstatus.asp?DocNum=600&GAID=15&GA=101&DocTypeID=HR&LegID=122459&SessionID=108

http://ilga.gov/legislation/billstatus.asp?DocNum=727&GAID=15&GA=101&DocTypeID=HR&LegID=124549&SessionID=108

http://ilga.gov/legislation/billstatus.asp?DocNum=1&GAID=15&GA=101&DocTypeID=SJR&LegID=126926&SessionID=109&SpecSess=1

http://ilga.gov/legislation/BillStatus.asp?DocNum=66&GAID=15&DocTypeID=SJR&LegId=126770&SessionID=108&GA=101

Bill Number


SR 127 Sen. T. Cullerton

Oppose Tax on Retirement Income

Resolves that the Illinois Senate states its belief that the Illinois Income Tax Act should not be amended to permit taxing retirement income.

Identical to HR 32 (Rep. McSweeney)


SR 144 Sen. T. Cullerton

Oppose Sale of Illinois Tollway

Resolves, by the Illinois State, that it states its firm opposition to any sale or lease of the properties of the State toll highway system and to any redirection of any portion of the tolls paid for the operation and maintenance of the State toll highway system for the enrichment of private parties. (In its introductory provisions, SR 144 indicates the belief that using the Illinois Tollway as a revenue source for Illinois’ pension funds violates Article IX, Section 11 of the Illinois Constitution.) Makes other resolutions.

Similar to HR 151 (Rep. Skillicorn)


SR 973 Sen. McConchie

Audit of Boards and Commissions

Resolves, by the Illinois Senate, that the Illinois Auditor General is directed to conduct a management audit of the State’s boards and commissions. Resolves that the audit include, but not be limited to, the following for every known State board and commission: (1) its name and purpose; (2) the number of appointed members and the number of vacancies and the length of the vacancies; (3) costs of member stipends, salaries, and per diems and expense reimbursements to members and State officials and employees for attending board and commission meetings during Fiscal Years 2019 and 2020; (4) the date of each board’s or commission’s meetings during Fiscal Years 2019 and 2020 and the number of members in attendance and the number of members absent; and (5) identification of any report or work product prepared and made available by the board or commission during Fiscal Years 2019 and 2020. Resolves that the Illinois Auditor General commence this audit as soon as possible and report his or her findings and recommendations upon completion.


SR 1201 Sen. Harmon Senate Rule Changes Resolves to amend the Senate Rules as follows: (1) The President of the Senate, in consultation with the Minority Leader of the Senate, may establish a process by which Senators and members of the public may participate remotely in hearings for standing committees, special committees, subcommittees or special subcommittees, and service committees; (2) The Senate Government Accountability and Pensions Committee is split into two separate committees: the Senate Government Accountability and Ethics Committee; and the Senate Pensions Committee; and (3) In times of pestilence or public danger, the Senate may adopt a motion to allow a member to remotely participate and vote in the regular and special sessions of the Senate, provided that at all times a quorum of members is physically present at the location of session.

Resolution Adopted in the Senate on 5/24/20 (54-0-0)

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http://ilga.gov/legislation/BillStatus.asp?DocNum=127&GAID=15&DocTypeID=SR&LegId=120447&SessionID=108&GA=101

http://ilga.gov/legislation/billstatus.asp?DocNum=144&GAID=15&GA=101&DocTypeID=SR&LegID=120484&SessionID=108

http://ilga.gov/legislation/BillStatus.asp?DocNum=973&GAID=15&DocTypeID=SR&LegId=123771&SessionID=108&GA=101

http://ilga.gov/legislation/billstatus.asp?DocNum=1201&GAID=15&GA=101&DocTypeID=SR&LegID=126952&SessionID=108

June 2020 Freedom of Information Act Requests Received Since Last Report:

FOIA Number

Name Affiliation (if any)

Information Requested Date Responded

Commercial Request?

2020-62 Emma Mazey

Fundmap Requested educational presentations from January 31, 2020 educational forum concerning: Real estate, real assets, private credit, private equity and the stabilized growth segment of your portfolio.

3/10/2020 No

2020-63 Daniel Ryan

None listed Requested SURS portfolio return on investment for the 12-month period ending December 31, 2019.

3/10/2020 No

2020-64 John Klingner

Wirepoints Requested SMP monthly enrollment and annual membership, from 1998 through present with yearly counts for members certified, monthly counts of members certified, SMP enrollments by year and month.

3/12/2020 No

2020-65 Sid Beaumaster

Harvard Business School

Requested Commitment Date, Commitment Amount, Contribution Amount, Distribution Amount, and Value as of 2010Q1 of your private equity/venture capital funds. This list should include all such partnerships, i.e. private equity, venture capital, distressed debt, mezzanine, fund of funds, real estate, natural resources and private debt investments. It should preferably be reported in U.S. dollars. In addition, for each of the funds, could you please indicate whether you have also co-investment arrangements or side-car deals (Y/N) for the fund and whether the reported amounts include (Y/N) those arrangements.

3/13/2020 No

2020-66 Matt McCue

Financial News Requested all submissions to the global equity RFP issued on Nov. 8, 2019.

3/12/2020 No

2020-67 Daniel Blom

CBS WBBM-TV Chicago

Requested accounts payable records for the Board members and support staff for calendar year 2019 and 2020

3/13/2020 No

2020-68 Debbie Gregory

eVestment Requested the March 12, 2020 Quarterly Meeting of the Investment Committee: All investment related documents, materials, and/or presentations, including those by external managers and/or consultants (and any approved meeting minutes).

4/7/2020 Yes

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2020-69 Richard A. Kent Jr

No affiliation listed.

Copy of any and all IRS tax tables used to figure the taxes with held from my retirement checks for 2019 & 2020. Need a copy of calculations performed to figure 2019 & 2020 taxes being withheld from my pension.

4/3/2020 No

2020-70 Paul Verney

Responsible Investor

Requested divestment statement made at the March Board meeting. 3/24/2020 No

2020-71 Cathy Nagy

eNact Consulting Requested the following: Have you had an actuarial audit done in the past? If yes, please provide the information listed below:

o The actual RFP documents

o Any addendums to the RFP

o Any Q&A

o Vendor proposals submitted

o Scoring of vendor proposals

o Final contract awarded

Do you plan to have an actuarial audit in the future and, if so, what is the approximate date of the audit?

4/16/2020 Yes

2020-72 Sid Beaumaster

Harvard Business School

Requested the name of each private equity or venture capital fund that the pension invested in between 2001 and present.

2) For each of the funds in (1), the name of the consultant (if any) who:

1. assisted in the search for the fund 2. assisted in the negotiation of the limited partnership

agreement with the fund

3) For each fund, the employee(s) on your team who most directly worked on the search, the limited partnership agreement, or with the consultant.

4/20/2020 No

2020-73 Sheva Erenberg

ICMA Requested “Request for Proposal Recordkeeping Services and Investment Services for the SURS 401(a) and 457(b) Retirement Plans” issued on January 21st, 2019. 1. All competitive responses to the bid. 2. All final presentations made to the board/commission. 3. All Best and Final Offer documents. 4. A copy of the signed contract. 5. Any consultant analysis or documents provided to the board.

4/23/2020 No

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2020-74 Haley Parker

Preqin Requested distribution as of September 30, 2019. This list should include all such partnerships, i.e. private equity, venture capital, distressed debt, mezzanine, fund of funds, real estate, natural resources and private debt investments

5/1/2020 Yes

2020-75 Will Lovett IEANEA Requested a list of SURS active participants that currently are in the Tier 2 benefit structure. Please include the first and last name of the participant, age, county, and current employer.

4/29/202 No

2020-76 Jessica Gray

Pitchbook Requested public records from October 1, 2018 through April 24, 2020 for the following information: 1. Investment memorandum used by the State Universities Retirement System investment committee and investment consultants providing consultation to the State Universities Retirement System regarding private equity, venture capital, mezzanine, distressed, real estate/REIT, debt and infrastructure partnerships being considered for investment by the State Universities Retirement System portfolio. 2. All due diligence materials and presentation materials produced by the General Partners in the course of the State Universities Retirement System conducting due diligence on investments into any private equity, venture capital, mezzanine, distressed, real estate/REIT, debt and infrastructure partnerships. 3. For each fund, please indicate whether or not the fund uses Subscription Credit Facilities.

Pending Yes

2020-77 E. Thomas Ryder

Ryder and Associates

Requested pension payment information of an annuitant. Pending No

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MONTHLY FINANCIAL STATEMENTS AND

SUMMARY OF PERFORMANCE MEASUREMENTS

Reporting Packet Includes: Page #Statement of Net Assets 1Summary of Investment Information 1Statement of Operations - YTD 2Summary of Employer Funding 2Statement of Cash Flows 2Administrative Expenses 3Performance Measures for: Member Services 4 Outreach 4 Human Resources 4 Accounting 5 Information Technology - Operations 5 Support Services 5 Information Technology - Application Development 5 Risk Management 5

Updated on APRIL 29, 2020


as of MARCH 31, 2020

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STATE UNIVERSITIES RETIREMENT SYSTEMSTATEMENT OF NET ASSETSas of MARCH 31, 2020

Actual Prior Year Increase/ (Decrease)$ %

AssetsCash and investments 17,598,790,470$ 19,037,331,087$ (1,438,540,617)$ -7.6%

Accounts receivable & other assets 239,587,887 206,494,760 33,093,127 16.0%

Accrued investment income 56,754,941 48,259,048 8,495,893 17.6%

Fixed Assets, net of accum deprec 10,123,645 8,321,000 1,802,645 21.7%

Total Assets 17,905,256,943 19,300,405,895 (1,395,148,952) -7.2%

Liabilities & Designated BalancesAccounts and benefits payable 19,066,284 13,271,152 5,795,132 43.7%

Employee contributions 6,600,038,517 6,601,855,009 (1,816,492) 0.0%

Benefits in force and future benefit payments 11,286,152,142 12,685,279,734 (1,399,127,592) -11.0%

Total Liabilities & Designated Balances 17,905,256,943 19,300,405,895 (1,395,148,952) -7.2%

Net Assets 17,886,190,659$ 19,287,134,743$ (1,400,944,084)$ -7.3%

STATE UNIVERSITIES RETIREMENT SYSTEMSUMMARY OF INVESTMENT INFORMATIONYear to dateJULY 1, 2019 - MARCH 31, 2020

Actual Prior Year Variance Inc/(Dec)Investment Assets: Cash 990,387,754$ 482,715,269$ 507,672,486$ 105.2% Stocks 7,114,024,765 10,315,811,486 (3,201,786,720) -31.0% Bonds 5,429,847,403 4,802,556,385 627,291,018 13.1% Real estate 1,178,033,493 1,002,855,716 175,177,777 17.5% Alternatives 2,886,497,055 2,433,392,231 453,104,824 18.6%

Total Cash and Investment Assets 17,598,790,470$ 19,037,331,087$ (1,891,645,440)$ -9.9%

Actual Prior Year Variance Inc/(Dec)Investment Income: Interest on bonds and notes 146,075,554$ 117,512,545$ 28,563,009$ 24.3% Dividends from stocks and real estate 137,669,667 147,278,187 (9,608,520) -6.5% Securities Lending 3,933,527 3,609,782 323,745 9.0% Investment Expense (50,656,010) (48,185,389) (2,470,621) 5.1%Net gain (loss) on security disposal (1,589,858,560) 282,693,585 (1,872,552,145) -662.4%

Total Investment Income, net of expense (1,352,835,822)$ 502,908,710$ (1,855,744,532)$ -369.0%

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STATE UNIVERSITIES RETIREMENT SYSTEMSTATEMENT OF OPERATIONSYear to date

JULY 1, 2019 - MARCH 31, 2020Actual Prior Year Increase/ (Decrease)

$ %

Employee Contributions 210,153,944$ 210,062,222$ 91,722$ 0.0%

State Appropriations 1,336,008,575 1,190,814,966 145,193,609 12.2%Fed/Trust/Other contributions 35,940,911 33,069,067 2,871,844 8.7%

Operating Revenue 1,582,103,430 1,433,946,255 148,157,175 10.3%

Benefit Expenses- Traditional Retirement annuities 1,634,776,667 1,572,189,442 62,587,225 4.0% Survivor annuities 134,149,877 126,832,301 7,317,576 5.8% Death Benefits 7,985,397 3,183,557 4,801,840 150.8%

Benefit Expenses- Portable Retirement annuities 196,361,116 172,470,716 23,890,400 13.9% Retirement LS distributions 11,429,611 17,897,151 (6,467,540) -36.1% Survivor annuities 3,504,217 2,882,030 622,187 21.6% Death Benefits 4,423,962 5,346,494 (922,532) -17.3%

Disability benefits 12,386,447 12,714,228 (327,781) -2.6%

Traditional plan refunds 23,959,850 24,937,022 (977,172) -3.9%Portable plan refunds 16,092,172 18,471,384 (2,379,212) -12.9%SMP balance transfers 2,259,620 1,770,401 489,219 27.6%

Total Benefit Expenses 2,047,328,936 1,958,694,726 88,634,210 4.5%

Administrative Expenses 13,095,974 12,100,997 994,977 8.2%

Operating Expenses 2,060,424,910 1,970,795,723 89,629,187 4.5%

Net Operating Gain / (Loss) (478,321,480) (536,849,468) 58,527,988 -10.9%

Net Investment Income / (Loss) (1,352,835,822) 502,908,710 (1,855,744,532) -369.0%

Increase/ (Decrease) in Net Assets (1,831,157,302) (33,940,758) (1,797,216,544) 5295.2%

Net Assets, Beginning of Period 19,717,347,961 19,321,075,501 396,272,460 2.1%

Net Assets, End of Period 17,886,190,659$ 19,287,134,743$ (1,400,944,084)$ -7.3%

Benefit Exp as a % of total Operating Exp 99.4% 99.4%Admin Exp as a % of total Operating Exp 0.6% 0.6%

SUMMARY OF EMPLOYER FUNDING STATEMENT OF CASH FLOW- year to dateActual Prior Year

Combined Plans:FY 2020 Actuarial Determined Contribution 2.390 billion (478,321,480)$ (536,849,468)$ FY 2020 Statutory Required Contribution (SRC) 1.917 billionFY 2020 Certified State Contribution 1.855 billion (Inc) / Dec in Receivables (79,116,598) (115,357,318) Inc / (Dec) in Payables (13,458,048) (20,562,929) Defined Benefit Plan: Fiscal year to datePayments received - State Appropriations 1.104 billion *Net Operating Gain / (Loss), cash basis (570,896,126)$ (672,769,715)$ as a % of SRC - State portion 61.9%

*Represents amount of investments liquidated to pay expendituresPayments received- Trust/fed/grants/other 35.9 million

Net Operating Gain/(Loss), accrued

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STATE UNIVERSITIES RETIREMENT SYSTEMSUMMARY OF EXPENSES

JULY 1, 2019 - MARCH 31, 2020Y-T-D Prior Under (Over) Budget Under (Over) Prior Year

Administrative Expenses Budget Actual Year $ % $ %ITEM:Personal Services:Salaries & Wages 7,710,842$ 7,079,341$ 6,289,779$ 631,501$ 8.2% (789,562)$ -12.6%Employee's Group Health Insurance 2,167,506 1,758,173 1,797,763 409,333 18.9% 39,590 2.2%Retirement Contributions 967,167 874,898 735,888 92,269 9.5% (139,010) -18.9%Medicare 110,863 110,700 84,842 163 0.1% (25,858) -30.5% Total Personal Services 10,956,378 9,823,112 8,908,272 1,133,266 10.3% (914,840) -10.3%

Contractual Services:Freight, Express & Drayage 3,900 2,522 3,279 1,378 35.3% 757 23.1%Repairs & Maintenance, Equipment 10,300 9,803 8,588 497 4.8% (1,215) -14.1%Repairs & Maintenance EDP 53,479 17,107 17,368 36,372 68.0% 261 1.5%Statistical & Tabulation-Applications 18,866 18,866 208,913 - 0.0% 190,047 91.0%Statistical & Tabulation-Operations 1,941,565 868,634 312,954 1,072,931 55.3% (555,680) -177.6%Medical Consultant Fees 7,760 2,626 1,191 5,134 66.2% (1,435) -120.5%Auditing & Management Services 37,540 16,540 20,737 21,000 55.9% 4,197 20.2%Legal Counsel 254,250 99,310 218,348 154,940 60.9% 119,038 54.5%Actuarial Consultant 233,659 134,731 177,989 98,928 42.3% 43,258 24.3%Professional & Artistic Services, Recruit 594,406 319,574 562,219 274,832 46.2% 242,645 43.2%Building and Ground Maintenance 350,785 91,803 177,986 258,982 73.8% 86,183 48.4%Utilities 138,436 76,614 74,674 61,822 44.7% (1,940) -2.6%Postage 169,370 131,689 132,681 37,681 22.2% 992 0.7%Surety, Bond & Insurance 411,959 470,152 393,478 (58,193) -14.1% (76,674) -19.5%Subscriptions/Information Services 36,400 20,434 27,861 15,966 43.9% 7,427 26.7%Board Travel 22,500 14,983 15,802 7,517 33.4% 819 5.2%Board Meeting Expenses 11,250 9,704 7,710 1,546 13.7% (1,994) -25.9%Conference Fees & Expenses 62,485 22,176 10,604 40,309 64.5% (11,572) -109.1%Association Dues 40,445 38,149 38,289 2,296 5.7% 140 0.4%Employee Training, Tuition 33,233 22,772 13,351 10,461 31.5% (9,421) -70.6%Copying, Photographic & Printing 23,775 2,839 25,724 20,936 88.1% 22,885 89.0%Travel 70,973 48,706 53,257 22,267 31.4% 4,551 8.5%Printing Supplies 15,900 18,341 14,813 (2,441) -15.4% (3,528) -23.8%Office & Library Supplies 38,195 37,734 38,602 461 1.2% 868 2.2%EDP Supplies & Equipment 104,802 83,443 72,437 21,359 20.4% (11,006) -15.2%Office Rental 15,108 15,108 15,708 (0) 0.0% 600 3.8%Rental, Phone Services/Equipment 102,149 114,087 93,549 (11,938) -11.7% (20,538) -22.0% Total Contractual Services 4,803,490 2,708,447 2,738,112 2,095,042 43.6% 29,665 1.1%Depreciation 851,250 564,415 485,076 286,835 33.7% (79,339) -16.4% TOTAL 16,611,118$ 13,095,974$ 12,131,460$ 3,515,143$ 21.2% (964,514)$ -8.0%

Capital Expenditures: 1,517,445 606,073 2,697,865 911,372$ 60.1% 2,091,792$ 77.5%

Y-T-D PriorIncrease

(Decrease)Investment Expenses Actual Year $

Investment Management Fees: U.S. Equities 4,767,431$ 5,768,149$ (1,000,718)$ International Equities 4,489,177 4,731,468 (242,291) Global Equities 5,162,757 4,475,722 687,035 Private Equities 8,715,518 8,728,385 (12,867) Fixed Income 8,655,633 7,432,946 1,222,687 Real Estate 9,706,230 6,940,911 2,765,319 Hedge Funds 2,852,417 3,767,900 (915,483) Commodities 1,766,942 2,353,519 (586,577) Opportunity Fund 1,199,241 1,280,888 (81,647) Securities Lending Expense 354,431 326,506 27,925 Consultant Fees 599,083 568,333 30,750 Custody & Performance Reporting 806,250 537,500 268,750 Database and Resources Expense 92,432 90,117 2,315 Personnel Expense 1,118,281 1,096,193 22,088 Travel Expense 28,341 29,119 (778) Investment Counsel Fees 341,846 57,733 284,113 Total Investment Expenses 50,656,010$ 48,185,389$ 2,470,621$

Women10.0% Minority

6.6%

Disabled4.2%

Non-MWDBE

79.2%

FY 2019 MWDBE SPENDING

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STATE UNIVERSITIES RETIREMENT SYSTEMOPERATIONAL STATISTICSas of MARCH 31, 2020

Defined Benefit Plan Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

Member Services - ProcessingRetirement Applications: Received 491 331 227 204 177 162 208 161 176 180 230 308 Processed 353 257 280 226 274 286 282 233 213 289 295 161 Outstanding 602 536 535 684 811 801 830 818 715 621 565 568 # of Days - Ready for Calc to Approval 56 43 43 40 32 37 32 46 55 54 71 51 # of VIB applications received n/a n/a 0 12 11 4 4 5 4 4 4 2 # of AAI Buyout applications received n/a n/a 7 1 7 4 7 8 5 5 5 8 # of VIB elections received n/a n/a 0 0 0 0 0 1 4 7 1 1 # of AAI Buyout elections received n/a n/a 0 0 0 0 0 0 0 2 4 4

Refund Applications: Received 304 248 293 328 292 254 273 343 351 333 324 433 Processed 293 243 311 268 285 280 298 225 510 242 368 421 Outstanding 206 211 182 240 245 222 194 311 149 239 198 196 # of Days- Application to Approval 18 18 20 16 18 14 17 15 14 16 13 9

Disability & DRA Applications: Received 37 44 36 28 28 27 33 32 36 38 24 34 Processed 32 46 35 33 41 26 36 31 38 37 32 28 Outstanding 135 148 153 136 109 115 108 117 112 114 118 107 # of days- ready for calc to approval

Death Benefit Applications: Received 160 155 149 159 138 122 180 149 158 178 133 135 Processed 107 111 105 98 139 77 135 79 140 170 80 137 Outstanding 1,014 1,080 1,113 1,154 1,164 1,195 1,232 1,306 1,325 1,312 1,359 1,356 # of days- ready for calc to approval

Service Credit Purchases: Received 304 236 215 264 250 232 228 211 201 270 252 223 Processed 196 56 39 297 290 140 228 107 159 222 227 94 Outstanding 255 381 492 367 233 251 185 244 221 233 212 263

OutreachChampaign Office & All Phone Appts* 540 401 313 305 385 376 461 391 252 272 398 422Champaign Walk-in Visitors 957 892 635 680 750 648 738 524 637 851 772 422Naperville Office Appointments 22 25 32 47 22 15 28 38 29 49 19 0Written Estimates 50 79 98 88 89 51 78 73 75 53 90 101Group Presentations/Webinars 16 3 2 4 4 5 11 3 1 2 3 6Benefits Fairs 0 1 0 0 2 1 6 1 0 0 1 0Seminars 4 3 0 0 0 2 2 2 0 0 0 2Group Counseling sessions 2 2 0 0 0 0 0 0 0 0 0 0Incoming Webmails Processed 528 430 340 425 430 405 519 409 383 597 597 722

Telephone Calls 10,629 9,573 8,764 10,089 9,028 8,306 9,185 8,404 8,531 12,570 11,943 8,251 Ave Hold Time (minutes) 2:43 2:38 2:55 2:48 2:41 2:48 2:53 3:02 2:49 2:47 2:43 2:45 Ave Talk Time (minutes) 5:01 4:58 5:07 4:59 4:56 5:01 5:06 5:01 4:51 4:42 4:03 5:05 Abandoned Calls 2,591 1,972 1,693 2,513 1,969 2,008 2,227 1,953 1,645 4,209 4,506 2189 Average Speed of Answer 7:56 6:35 5:55 8:09 7:03 8:07 8:23 7:57 6:35 12:13 15:14 9:16

Employer Services*Employer Emails and phone calls n/a n/a n/a 302 340 369 336 266 210 430 308 162*Employer Trainings n/a n/a n/a 3 1 1 2 0 0 1 0 0

Human Resources

Staffing Approved FTE'S 143 143 143 170 170 170 170 170 170 170 170 170 Current FTE'S 133 138 137 140 140 136 138 145 145 154 153 156 Open FTE's 10 5 6 30 30 34 32 25 25 16 17 14

Current Staffing by Area Member Services 38 41 41 42 41 40 40 41 41 42 41 41 Outreach 31 35 34 35 35 33 33 37 37 38 38 41 Information Systems 32 31 31 30 31 31 32 34 34 41 41 41 Accounting 6 6 6 7 7 7 7 7 7 7 7 7 Administration 14 13 13 14 14 13 14 14 14 14 14 14 SMP 3 3 3 3 3 3 3 3 3 3 3 3 Investments 9 9 9 9 9 9 9 9 9 9 9 9

Contractor FTE's 2 3 3 3 0 0 0 0 0 0 0 0Extra Help FTE's 0 0 0 0 0 0 0 0 0 0 0 0Interns 0 0 0 0 0 0 0 0 0 0 0 0

Turnover Voluntary 0 0 0 1 0 3 0 0 0 0 1 1 Retirement 0 2 0 0 0 0 0 0 0 0 0 0 Termination 1 1 1 0 1 1 0 0 0 0 0 0 Death 0 0 0 0 0 0 0 0 0 0 0 0New Hires 0 7 0 4 1 0 2 7 0 9 0 4

Diversity-Race White 106 110 109 113 113 112 114 121 121 126 126 129 African American 13 14 14 14 14 12 12 12 12 13 12 14 Asian 8 8 8 8 8 7 7 7 7 8 8 8 Latino 6 6 6 5 5 5 5 5 5 5 5 5 Other 0 0 0 0 0 0 0 0 0 0 0 0

Diversity-Gender Male 41 39 39 40 41 41 42 43 43 47 47 49 Female 92 99 98 100 99 95 96 102 102 107 106 107

Diversity-Age 20 - 29 15 15 15 16 15 14 14 13 13 14 14 16 30 - 39 28 32 31 33 34 32 33 37 36 39 38 38 40 - 49 40 42 42 41 41 40 39 42 42 44 44 44 50 - 59 37 37 36 36 36 36 38 38 39 41 41 42 60 - 69 13 12 13 13 14 14 14 15 15 16 16 16 70+

Overtime Hours 238.00 163.50 133.00 97.25 146.25 100.50 105.75 77.25 113.00 63.75 86.5 133.25

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STATE UNIVERSITIES RETIREMENT SYSTEMOPERATIONAL STATISTICSas of MARCH 31, 2020

Defined Benefit Plan Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

Information Technology - Operations

Email Incoming Emails 97,062 86,413 78,421 82,262 68,380 67,174 71,652 70,414 66,088 66,411 64,754 108,936 Blocked Emails 48,463 37,940 35,396 34,920 22,592 23,445 21,879 22,109 17,185 15,140 15,290 63,617 Delivered Emails 48,599 48,473 43,025 47,342 45,788 43,729 49,773 48,305 48,903 51,271 49,464 45,319 System Capacity 56.0% 56.0% 56.5% 57.0% 57.0% 57.0% 56.0% 56.0% 55.6% 56.0% 58.0% 61.5%

Support Services

Imaging/Data Entry Member Documents Scanned 10,948 10,454 9,343 8,992 8,869 8,703 9,085 7,346 8,333 9,050 9,957 8,648 Member Documents Imported 17,103 16,950 16,824 27,074 19,950 22,249 19,086 14,193 224,846 22,128 18,977 16,324 Admin Documents Scanned 554 150 178 239 349 171 386 191 229 307 219 218 Faxes Received 750 804 724 786 802 774 767 682 751 782 725 559 Print to TIFF 3,053 3,111 3,670 3,216 2,961 2,904 2,873 2,886 4,015 3,537 4,700 3,581 Web Generated Documents 982 695 661 853 699 768 686 732 856 1,074 1,069 909 Total Incoming Documents 33,390 32,164 31,400 41,160 33,630 35,569 32,883 26,030 239,030 36,878 35,647 30,239

Mailroom Statistics Outbound Items Mailed 13,215 12,578 11,854 19,297 13,190 13,661 13,542 45,033 14,092 91,228 12,875 12,674

Information Technology - Applications

Internet Visits Member Website 37,809 33,984 35,379 37,838 35,879 33,693 37,684 40,829 46,500 56,427 41,368 38,703 Internet Benefit Estimates 13,871 12,109 13,018 12,904 12,768 11,149 11,062 17,624 11,929 14,571 12,523 9,072 Employer Website 1,097 1,083 1,107 1,410 2,082 1,787 1,649 1,035 1,032 1,260 1,171 958 SURS Home Page 94,252 80,116 74,819 80,084 88,693 68,472 73,539 80,537 79,849 101,095 85,174 80,065

Process Change Requests (PCR's) New Requests 17 23 41 48 40 29 41 30 29 30 33 21 In Process 345 355 369 370 383 376 387 397 400 410 415 420 In User Test 43 44 40 47 50 52 50 39 40 39 40 46 Promoted 11 14 25 42 26 31 25 18 23 19 23 18

Program Promotions Word Letter 18 14 29 54 11 11 4 18 12 77 5 4 Web 1 12 10 0 9 9 9 18 1 4 5 7 CSG 34 29 240 57 31 70 40 25 19 35 21 20 Query 10 15 1 9 3 6 7 0 0 0 0 0

Risk Management: Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb MarInternal audits Scheduled 14 14 14 7 7 7 7 7 7 7 7 7 In process 1 1 0 2 2 1 2 2 2 2 2 2 Completed 1 0 1 0 0 2 0 0 0 0 0 0

Exhitbit 11

Statement of Operations pg 1Employer and Employee Contributions 1Statement of Net Assets 1Schedule of Administrative Expenses 2Performance Measures 2

SUMMARY OF PERFORMANCE MEASUREMENTS

SURS SELF MANAGED PLAN

FINANCIAL STATEMENTS AND

March 31, 2020

Exhitbit 11

SURS SELF MANAGED PLANSTATEMENT OF OPERATIONSJuly 1, 2019 - March 31, 2020

Current Year Prior Year $ %

Member contributions Balance transfers 2,265,129$ 1,774,790$ 490,339$ 27.6% Contributions 66,671,776 61,447,315 5,224,461 8.5% Service credit purchases 577,194 375,347 201,847 53.8% Roll-ins 1,905,364 2,896,730 (991,366) -34.2%

Employer contributions State appropriations 55,010,424 50,550,533 4,459,891 8.8% Trust, federal, and grant funds 6,978,407 6,555,028 423,379 6.5%

Operating Revenue 133,408,294 123,599,743 9,808,551 7.9%

Retirement benefits 49,457,816 45,040,219 4,417,597 9.8%Death benefits 3,586,509 3,527,728 58,781 1.7%Separation refunds 22,948,546 21,255,416 1,693,130 8.0%Disability benefits 1,393,989 1,246,583 147,406 11.8%

Administrative expenses 473,620 394,061 79,559 20.2%

Operating Expenses 77,860,480 71,464,007 6,396,473 9.0%

Net operating income (deficit) 55,547,814 52,135,736 3,412,078 6.5%

Net investment gain (loss) (206,825,324) 70,067,465 (276,892,789) -395.2%

Increase (Decrease) in Net Assets (151,277,510)$ 122,203,201$ (273,480,711)$ -223.8%

Net assets, beginning of period 2,729,607,034 2,500,452,464 229,154,570 9.2%

Net assets, end of period 2,578,329,524$ 2,622,655,665$ (44,326,141)$ -1.7%

Employer and Member Contributions - Self Managed Plan

Year to Date Full Year Estimate Full Year ActualFY 2020 FY 2020 FY 2019

Employer Contribution Rate 7.60% 7.60% 7.60%Employer Contributions - State $55.0 million $63.5 million $62.5 millionEmployer Contributions - Fed/Trust $7.0 million $8.1 million $8.7 million

Member Contribution Rate 8.00% 8.00% 8.00%Member Contributions $71.4 million $83.1 million $88.6 million

SURS SELF MANAGED PLANSTATEMENT OF NET ASSETSMarch 31, 2020

Current Year Prior Year $ %

Accounts receivable 4,115,477$ 3,893,439$ 222,038$ 5.7%

Investments Cash and short-term 254,760,035 215,398,566 39,361,469 18.3% Equities 1,150,273,100 1,278,589,070 (128,315,970) -10.0% Fixed income 211,330,196 171,697,886 39,632,310 23.1% Balanced 779,918,500 779,999,031 (80,531) 0.0% Real estate 43,455,291 44,517,058 (1,061,767) -2.4% Disability funds 116,042,588 108,626,174 7,416,414 6.8% Forfeiture funds 18,434,337 19,934,441 (1,500,104) -7.5%

Total Assets 2,578,329,524$ 2,622,655,665$ (44,326,141)$ -1.7%

Member balances 2,443,850,464 2,494,092,442 (50,241,978) -2.0%Disability reserve 116,044,723 108,628,782 7,415,941 6.8%Forfeiture reserve 18,434,337 19,934,441 (1,500,104) -7.5%

Total Liabilities and Reserves 2,578,329,524$ 2,622,655,665$ (44,326,141)$ -1.7%

Change from Prior Year

Change from Prior Year

Exhitbit 11

SURS SELF MANAGED PLANSCHEDULE OF ADMINISTRATIVE EXPENSESJuly 1, 2019 - March 31, 2020

YTD YTD YTDBudget Actual Prior Yr $ % $ %

3 Salaries and wages 227,000 205,280 221,688 21,720 9.57% (16,408) -7.40%4 Health insurance benefits 61,260 54,101 65,459 7,159 11.69% (11,358) -17.35%5 Retirement benefits 27,213 26,342 27,622 871 3.20% (1,280) -4.63%6 Payroll taxes 3,280 2,977 3,214 303 9.24% (237) -7.37%

Compensation 318,754 288,700 317,983 30,054 9.43% (29,283) -9.21%

9 Consulting and legal 82,500 175,181 67,248 (92,681) -112.34% 107,933 160.50%10 Postage 4,780 5,213 5,911 (433) -9.06% (698) -11.81%11 Printing and copying 920 1,189 1,032 (269) -29.24% 157 15.21%12 Subscriptions - - - - 0.00% - 0.00%13 Conferences and meetings 300 - 372 300 100.00% (372) -100.00%14 Association dues 600 600 600 - 0.00% - 0.00%15 Member programs - - - - 0.00% - 0.00%16 Employee tuition - - - - 0.00% - 0.00%17 Travel 2,100 2,737 915 (637) -30.33% 1,822 199.13%

Contractual and Other Services 91,200 184,920 76,078 (93,720) -102.76% 108,842 143.07%

Total Administrative Expenses 409,954 473,620 394,061 (63,666) -15.53% 79,559 20.19%

SURS SELF MANAGED PLANOPERATIONAL STATISTICSFor the Twelve Months Ending March 31, 2020

Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

Processing

Terminations processed 70 77 106 108 117 121 178 98 136 117 155 205

Re-hires processed 7 5 11 7 19 36 16 8 12 18 17 16

Distribution packets to members 109 112 143 154 147 147 208 128 177 167 191 260 Withdrawal forms to providers 69 74 82 108 78 91 85 78 87 98 77 73

Retirement-eligible lump sum pmts 26 18 23 15 20 17 19 26 23 15 27 14 Annuity payments 5 9 10 9 20 13 15 10 4 11 14 6 Separation refund payments 77 53 105 137 66 55 132 53 53 67 68 58 Fixed period payments 114 115 113 115 115 124 116 117 119 120 116 121 Death claim payments 11 6 5 0 2 3 0 4 4 4 1 2

SMP elections 97 99 106 196 177 216 161 142 138 197 187 133 Total plan elections 737 595 508 945 800 795 646 616 725 967 1,112 1,226 SMP % of total elections 13.16% 16.64% 20.87% 20.74% 22.13% 27.17% 24.92% 23.05% 19.03% 20.37% 16.82% 10.85%

Active SMP members 13,680 13,692 13,669 13,737 13,786 13,874 13,870 13,917 14,013 14,110 14,186 14,254 Inactive SMP members 8,052 8,025 8,092 8,135 8,156 8,230 8,313 8,312 8,300 8,325 8,348 8,349 Total SMP members 21,732 21,717 21,761 21,872 21,942 22,104 22,183 22,229 22,313 22,435 22,534 22,603

Member Contact

Walk-ins 28 22 8 12 10 18 19 16 16 26 7 12 Telephone calls 414 374 301 450 400 351 378 300 354 444 354 281 Unified statement email notices 16,547 0 0 16,941 0 0 17,128 0 0 17,514 0 0 Webmail inquiries 79 64 42 73 62 90 99 52 69 96 103 122 Counseling appointments 76 39 45 36 43 37 35 24 28 48 84 26

Under (Over)vs Budget

Increase (Decrease)vs Prior Year

Exhitbit 11

Check ReportSTATE UNIV RETIREMENT SYSTEM Page 105-26-2020

CheckCheck Date Amount Name Description

64257 01-02-2020 177.08 AFLAC STAFF PYRL DEDUCTION64258 01-02-2020 15,771.63 AFSCME CHAPTER 31 ANNUITANT DEDUCTION64259 01-02-2020 7,368.79 BLACK HAWK COLLEGE ANNUITANT DEDUCTION64260 01-02-2020 2,332.30 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64261 01-02-2020 11,136.34 DEF COMP PLAN FUND DEFCOM STAFF PYRL DEDUCTI

01-02-2020 DEF COMP PLAN FUND ROTH STAFF PYRL DEDUCTION64262 01-02-2020 2,681,649.74 IL DEPT OF CENTRAL MGMT SVCS ANNUITANT DEDUCTION64263 01-02-2020 15,091.50 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64264 01-02-2020 2,190.09 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64265 01-02-2020 1,766.00 COOK CO COLLEGE TEACHERS UNION ANNUITANT DEDUCTION64266 01-02-2020 2,960.00 COOK CO COLLEGE TEACHERS UNION ANNUITANT DEDUCTION64267 01-02-2020 175.24 ILLINOIS STATE DISBURSEMENTS 96-D-490 JOHNSON PYRL DED64268 01-02-2020 420.63 ILLINOIS VALLEY COMM COLLEGE ANNUITANT DEDUCTION64269 01-02-2020 1,224.73 INTERNAL REVENUE SERVICE XXX-XX-0383 JAN 2020 PMT64270 01-02-2020 2,126.65 LAKE LAND COLLEGE ANNUITANT DEDUCTION64271 01-02-2020 1,668.50 THE NORTHERN TRUST COMPANY DEC5 BD MTG BREAKFAST/LUN

01-02-2020 THE NORTHERN TRUST COMPANY DEC6 BD MTG BREAKFAST/LUN64272 01-02-2020 3,275.07 PARKLAND COLLEGE ANNUITANT DEDUCTION64273 01-02-2020 26,348.99 STATE UNIV. ANNUITANTS ASSN. ANNUITANT DEDUCTION64274 01-02-2020 1,326.79 TRITON COLLEGE ANNUITANT DEDUCTION64277 01-02-2020 4,352.00 UNIVER OF IL CAMPUS RECREATION ANNUITANT DEDUCTION64278 01-02-2020 2,992.99 UNITED STATE TREASURY XXX-XX-8400 JAN 2020 PMT64279 01-02-2020 372.79 ROBERT COOK STALE DATE CHECK64280 01-02-2020 515.84 KAREN DELONSHAW STALE DATE CHECK64281 01-02-2020 910.00 ROGER KARBAN STALE DATE CHECK

01-02-2020 ROGER KARBAN STALE DATE CHECK64282 01-07-2020 2,573.01 ILLINOIS STATE UNIVERSITY MID1171186 6% REFUND64283 01-07-2020 1,128.60 K&L GATES LLP NOV 2019 LEGAL SVC-LONGTAIL64284 01-07-2020 429.00 MEYER CAPEL NOV 2019 LEGAL SVC-EMP BEN/TAX64285 01-07-2020 4,695.00 MORGAN, LEWIS & BOCKIUS LLP NOV 2019 LEGAL SVC-ARP ALT RET64286 01-07-2020 600.00 NAGDCA 2020 MEMBERSHIP DUES64287 01-07-2020 1,561.96 NEWEGG.COM LED TVS64288 01-07-2020 224.35 UNITED PARCEL SERVICE FREIGHT DEC9-13 2019

01-07-2020 UNITED PARCEL SERVICE FREIGHT DEC16-20 201964289 01-07-2020 460.94 STEVEN KRAMER STALE DATE CHECK64290 01-07-2020 8,708.47 JACKIE O'MEARA STALE DATE CHECK64291 01-09-2020 385.00 ARDC LEE-#6283346 2020 ARDC64292 01-09-2020 1,459.44 AT&T DEC16 2019-JAN15 2020 INT64293 01-09-2020 970.00 TECHNOLOGY MANAGEMENT REV FUND T2222476 NOV 2019 ICN CON64294 01-09-2020 174.59 TECHNOLOGY MANAGEMENT REV FUND S6930000 NOV 2019 CMS FUN64295 01-09-2020 57.91 ILLINOIS AMERICAN WATER 1901 DEC27-JAN30 FIRE SVC64296 01-09-2020 863.29 IPMA-HR DUNN-CONF REG FEE64297 01-09-2020 384.57 SECOND EXECUTIVE PARK 1901/1801 SNOW REMOVAL64298 01-09-2020 330.86 TERRYBERRY STAFF GIFTS64299 01-09-2020 254.91 URBANA/CHAMPAIGN SAN DIST 1901 NOV14-DEC16 2019 SEW64300 01-14-2020 295.00 ACCESS LOCKSMITHS & SECURITY 1801 LOCK INSTALL64301 01-14-2020 3,340.02 ALPHA CONTROLS & SERVICES LLC LIGHT FIXTURES

01-14-2020 ALPHA CONTROLS & SERVICES LLC LIEBERT UNIT01-14-2020 ALPHA CONTROLS & SERVICES LLC 3-WAY HEATING CONTROL VAL

64302 01-14-2020 8,173.33 AMEREN ILLINOIS 1901 DEC 2019 ELECTRIC01-14-2020 AMEREN ILLINOIS 1801 DEC 2019 GAS01-14-2020 AMEREN ILLINOIS 1801 DEC 2019 GAS01-14-2020 AMEREN ILLINOIS 1801 DEC 2019 GAS01-14-2020 AMEREN ILLINOIS 1801 DEC 2019 ELECTRIC

64303 01-14-2020 2,500.00 GARTNER INC SAIGER-OCT18-22 2020 CONF64304 01-14-2020 5,371.82 HELPSYSTEMS, LLC 2020 ANNUAL MAINT64305 01-14-2020 443.70 HONEYWELL INC. FEB 2020 TEMP CONTROL64306 01-14-2020 490.92 INSIGHT PUBLIC SECTOR #6844-47 MONITORS64307 01-14-2020 100.00 ILLINOIS STATE UNIVERSITY 2020 SPRING CAREER FAIR64308 01-14-2020 2,450.00 MID ILLINOIS CONCRETE 1801 SIDEWALK RAMP64309 01-14-2020 300.00 PRISM 2020 ANNUAL MEMBERSHIP64310 01-14-2020 2,447.42 SECOND EXECUTIVE PARK 1901/1801 SNOW REMOVAL

01-14-2020 SECOND EXECUTIVE PARK DEC 2019 SNOW REMOVAL

Exhitbit 11



64310 01-14-2020 2,447.42 SECOND EXECUTIVE PARK DEC 2019 MOWING64311 01-14-2020 1,034.32 STAPLES BUSINESS CREDIT OFFICE SUPPLIES64312 01-14-2020 1,212.75 TIBCO SOFTWARE, INC. 2020 SCRIBE INSIGHT64313 01-14-2020 143.36 UNITED PARCEL SERVICE FREIGHT DEC30 2019-JAN3 2

01-14-2020 UNITED PARCEL SERVICE FREIGHT DEC23-27 201964314 01-14-2020 235.12 WALZ LABEL AND MAILING SYSTEMS INK CARTRIDGE64315 01-14-2020 1,108.37 WOLTERS KLUWER LAW & BUSINESS 2020 GOVERNMENTAL ANSWER BOOK

01-14-2020 WOLTERS KLUWER LAW & BUSINESS 2020 PENSION ANSWER BOOK64316 01-14-2020 277.85 RUTH SMOTHERS STALE DATE CHECK64317 01-14-2020 384.08 HELEN ARKES STALE DATE CHECK64318 01-14-2020 1,666.72 PETRA TONDEROVA STALE DATE CHECK64319 01-16-2020 177.08 AFLAC STAFF PYRL DEDUCTION64320 01-16-2020 2,332.30 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64321 01-16-2020 11,136.34 DEF COMP PLAN FUND DEFCOM STAFF PYRL DEDUCTI

01-16-2020 DEF COMP PLAN FUND ROTH STAFF PYRL DEDUCTION64322 01-16-2020 237,059.59 IL DEPT OF CENTRAL MGMT SVCS ER PREMIUM PPE011320

01-16-2020 IL DEPT OF CENTRAL MGMT SVCS ER PREMIUM PPE12301964323 01-16-2020 15,426.50 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64324 01-16-2020 2,232.14 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64325 01-16-2020 175.24 ILLINOIS STATE DISBURSEMENTS 96-D-490 JOHNSON PYRL DED64326 01-16-2020 2,466.97 TERRYBERRY STAFF GIFTS64328 01-21-2020 295.58 AREA DISPOSAL SERVICE, INC. 1801/1901 JAN 2020 TRASH64329 01-21-2020 172.34 INSIGHT PUBLIC SECTOR SUPPLIES64330 01-21-2020 180.00 INSTITUTIONAL SOCIETY OF RISK 2020 ANNUAL DUES64331 01-21-2020 1,205.06 WINDSTREAM DEC4 2019-JAN3 2020 PHONE64332 01-21-2020 1,296.05 SECOND EXECUTIVE PARK DEC 2019 SNOW REMOVAL

01-21-2020 SECOND EXECUTIVE PARK Q4 2019 DEBRIS HAULING01-21-2020 SECOND EXECUTIVE PARK DEC 2019 SALT

64333 01-21-2020 7,187.31 SERVICEMASTER JANITORIAL FEB 2020 JANITORIAL SVC64334 01-21-2020 1,415.07 UNIVERSITY OF ILLINOIS @00873227 DEC 2019 CARPOO

01-21-2020 UNIVERSITY OF ILLINOIS @00873227 DEC 2019 CARPOO64335 01-23-2020 180.00 ALPHA CONTROLS & SERVICES LLC AHU RETURN FAN64336 01-23-2020 850.00 D1 NETWORKS, LLC CAT6 NETWORK64337 01-23-2020 14,036.00 FOLEY & LARDNER LLP DEC 2019 LEGAL SVC-SB 163964338 01-23-2020 418.80 NEWEGG.COM KEYBOARDS

01-23-2020 NEWEGG.COM SUPPLIES64339 01-23-2020 279.58 SECOND EXECUTIVE PARK JAN 2020 SNOW REMOVAL64340 01-23-2020 1,299.78 TERRYBERRY STAFF GIFTS

01-23-2020 TERRYBERRY STAFF GIFTS64341 01-23-2020 238.01 ULINE WALL-MOUNTED COAT RACK64342 01-23-2020 158.00 UPCLOSE PRINTING BUSINESS CARDS64343 01-28-2020 416.61 COMCAST CABLE & INTERNET JAN 2020 CABLE & INTERNET64344 01-28-2020 50.00 EASTERN ILLINOIS UNIVERSITY SPRING 2020 JOB FAIR64345 01-28-2020 1,579.03 NEWEGG.COM SUPPLIES

01-28-2020 NEWEGG.COM VIDEO CONF EQUIPMENT01-28-2020 NEWEGG.COM SAMSUNG LED TV

64346 01-28-2020 1,000.00 OPENTEXT INC. NUEXI LICENSE TRANSFER64347 01-28-2020 646.27 SECOND EXECUTIVE PARK DEC 2019 SALT/SNOW PLOW64349 01-29-2020 32,000.00 RESERVE ACCOUNT 2019 1099R POSTAGE64350 01-31-2020 10,000.00 U.S. POSTAL SERVICE (NEOPOST) JAN 2020 POSTAGE64351 02-04-2020 15,656.28 AFSCME CHAPTER 31 ANNUITANT DEDUCTION64352 02-04-2020 7,134.91 BLACK HAWK COLLEGE ANNUITANT DEDUCTION64353 02-04-2020 2,700,826.45 IL DEPT OF CENTRAL MGMT SVCS ANNUITANT DEDUCTION64354 02-04-2020 1,791.00 COOK CO COLLEGE TEACHERS UNION ANNUITANT DEDUCTION64355 02-04-2020 2,968.00 COOK CO COLLEGE TEACHERS UNION ANNUITANT DEDUCTION64356 02-04-2020 175.24 ILLINOIS STATE DISBURSEMENTS 96-D-490 JOHNSON PYRL DED64357 02-04-2020 420.63 ILLINOIS VALLEY COMM COLLEGE ANNUITANT DEDUCTION64358 02-04-2020 1,224.73 INTERNAL REVENUE SERVICE XXX-XX-0383 FEB 2020 PMT64359 02-04-2020 2,165.67 LAKE LAND COLLEGE ANNUITANT DEDUCTION64360 02-04-2020 3,323.29 PARKLAND COLLEGE ANNUITANT DEDUCTION64361 02-04-2020 26,241.03 STATE UNIV. ANNUITANTS ASSN. ANNUITANT DEDUCTION64362 02-04-2020 1,326.79 TRITON COLLEGE ANNUITANT DEDUCTION64363 02-04-2020 4,352.00 UNIVER OF IL CAMPUS RECREATION ANNUITANT DEDUCTION

Exhitbit 11



64364 02-04-2020 2,992.99 UNITED STATE TREASURY XXX-XX-8400 FEB 2020 PMT64365 02-11-2020 5.00 AMERICAN MESSAGING JAN 2020 PAGER SVC64366 02-11-2020 2,000.00 ASSOC. OF IL. PUBLIC RET. SYS. 2020 ANNUAL DUES64367 02-11-2020 55.20 BREEZE COURIER RFP-SENSITIVE DATA

02-11-2020 BREEZE COURIER RFP-DOCUMENT MANAGEMENT02-11-2020 BREEZE COURIER RFP-FIXED INCOME SEARCH

64368 02-11-2020 970.00 TECHNOLOGY MANAGEMENT REV FUND T2222476 DEC 2019 ICN CON64369 02-11-2020 555.01 ILLINOIS AMERICAN WATER 1901 DEC17 2019-JAN16 202

02-11-2020 ILLINOIS AMERICAN WATER 1801 DEC17 2019-JAN16 20264370 02-11-2020 17,654.60 K&L GATES LLP DEC 2019 LEGAL SVC-LONGTAIL

02-11-2020 K&L GATES LLP DEC 2019 LEGAL SVC-CREDIT SUIS02-11-2020 K&L GATES LLP DEC 2019 LEGAL SVC-GLOBEFLEX02-11-2020 K&L GATES LLP DEC 2019 LEGAL SVC-CROW HOLDIN

64371 02-11-2020 28,700.00 MORGAN, LEWIS & BOCKIUS LLP DEC 2019 LEGAL SVC-ALT RETURN64372 02-11-2020 1,416.50 THE NORTHERN TRUST COMPANY JAN30 2020 BD MTG FOOD

02-11-2020 THE NORTHERN TRUST COMPANY JAN31 2020 BD MTG FOOD64373 02-11-2020 73,510.66 RAMIREZ ASSET MANAGEMENT Q4 2019 INVST MGMT FEE64374 02-11-2020 38,737.57 REINHART BOEMER VAN DEUREN NOV-JAN LEGAL SVC-GEN MATTERS64375 02-11-2020 50.00 SHOUTING GROUND TECHNOLOGIES CHANGES TO DNS64376 02-11-2020 2,500.00 SIKICH LLP JAN 2020 CENSUS DATA TEST64377 02-11-2020 860.05 STAPLES BUSINESS CREDIT OFFICE SUPPLIES64378 02-11-2020 1,289.67 UNIVERSITY OF ILLINOIS @00873227 JAN 2020 CARPOO64379 02-11-2020 179.51 UNITED PARCEL SERVICE FREIGHT JAN6-10 2020

02-11-2020 UNITED PARCEL SERVICE FREIGHT JAN13-17 202064380 02-11-2020 125.00 WHITT LAW LLC JAN 2020 CLAIMS PANEL64381 02-11-2020 65.94 JAMES HELM STALE DATE CHECK64382 02-13-2020 305.00 ACCESS LOCKSMITHS & SECURITY REPLACE DOOR CLOSER64383 02-13-2020 177.08 AFLAC STAFF PYRL DEDUCTION64384 02-13-2020 460.00 ALPHA CONTROLS & SERVICES LLC LIGHT FIXTURE INSTALL64385 02-13-2020 7,811.88 AMEREN ILLINOIS 1801 JAN 2020 ELECTRIC

02-13-2020 AMEREN ILLINOIS 1801 JAN 2020 GAS02-13-2020 AMEREN ILLINOIS 1801 JAN 2020 GAS02-13-2020 AMEREN ILLINOIS 1801 JAN 2020 GAS02-13-2020 AMEREN ILLINOIS 1901 JAN 2020 ELECTRIC

64386 02-13-2020 300.55 AREA DISPOSAL SERVICE, INC. FEB 2020 TRASH SVC64387 02-13-2020 1,416.97 AT&T JAN16-FEB15 2020 INTERNET64388 02-13-2020 221.08 CHEMICAL MAINTENANCE, INC. BATHROOM SUPPLIES64389 02-13-2020 2,448.64 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64390 02-13-2020 12,494.64 DEF COMP PLAN FUND DEFCOM STAFF PYRL DEDUCTI

02-13-2020 DEF COMP PLAN FUND ROTH STAFF PYRL DEDUCTION64391 02-13-2020 132.80 TECHNOLOGY MANAGEMENT REV FUND S6930000 DEC 2019 CMS FUN64392 02-13-2020 128,277.11 IL DEPT OF CENTRAL MGMT SVCS ER PREMIUM PPE02102064393 02-13-2020 16,109.50 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64394 02-13-2020 2,254.35 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64395 02-13-2020 331.78 COMCAST CABLE & INTERNET FEB 2020 TV & INTERNET64396 02-13-2020 444.01 DAVIS-HOUK MECHANICAL INC. HEAT REPAIR64397 02-13-2020 3,553.86 JOAN ETTEN KRALL MID84597 - REFUND OVP64398 02-13-2020 443.70 HONEYWELL INC. MAR 2020 TEMP CONTROL SVC64399 02-13-2020 169.00 I.D.E.S. BENEFIT REF64400 02-13-2020 59.22 ILLINOIS AMERICAN WATER JAN31-FEB27 2020 FIRE SVC64401 02-13-2020 175.24 ILLINOIS STATE DISBURSEMENTS 96-D-490 JOHNSON PYRL DED64402 02-13-2020 14,109.60 K&L GATES LLP JAN 2020 LEGAL SVC-CROW HOLDIN

02-13-2020 K&L GATES LLP JAN 2020 LEGAL SVC-GLOBEFLEX64403 02-13-2020 1,280.94 NEWEGG.COM VIDEO CONF CAMERA

02-13-2020 NEWEGG.COM SUPPLIES02-13-2020 NEWEGG.COM SUPPLIES

64404 02-13-2020 184.52 WINDSTREAM JAN4-FEB3 2020 PHONE SVC64405 02-13-2020 1,950.00 PRISM SAIGER-CONF REG

02-13-2020 PRISM MCGILL-CONF REG02-13-2020 PRISM ROWE-CONF REG

64406 02-13-2020 1,160.24 SECOND EXECUTIVE PARK JAN 2020 MOWING SVC02-13-2020 SECOND EXECUTIVE PARK FEB 2020 MOWING SVC02-13-2020 SECOND EXECUTIVE PARK FEB 2020 SNOW REMOVAL

Exhitbit 11



64407 02-13-2020 343.12 ULINE SHARPS CONTAINERS02-13-2020 ULINE SNAP FRAME SIGN

64408 02-13-2020 2,179.23 UNIVERSITY OF ILLINOIS @00861134 2019 EXEC RETRE02-13-2020 UNIVERSITY OF ILLINOIS @00873227 JAN 2020 CARPOO

64409 02-13-2020 138.86 UNITED PARCEL SERVICE FREIGHT JAN20-24 202002-13-2020 UNITED PARCEL SERVICE FREIGHT JAN27-31 2020

64410 02-13-2020 253.97 URBANA/CHAMPAIGN SAN DIST 1901 DEC16 2019-JAN16 20264411 02-18-2020 33,334.00 GREENWOOD/ASHER & ASSOCIATES CHIEF DIVERSITY OFFICER S

02-18-2020 GREENWOOD/ASHER & ASSOCIATES CHIEF DIVERSITY OFFICER S64412 02-18-2020 4,314.00 MAGNETIC PRODUCTS & SERV., INC IBM LTO664413 02-18-2020 66.00 MEYER CAPEL JAN 2020 LEGAL SVC-EMP MATTERS64414 02-18-2020 99.99 NEWEGG.COM SUPPLIES64415 02-18-2020 4,357.80 PARK PLACE TECHNOLOGIES ANNUAL MAINT64416 02-18-2020 7,187.31 SERVICEMASTER JANITORIAL MAR 2020 JANITORIAL SVC64417 02-18-2020 555.41 WATTS COPY SYSTEMS NOV14 2019-FEB13 2020 PRI64418 02-18-2020 2,392.00 WHITT LAW LLC DEC 2019 LEGAL SVC-CLAIMS PANE64419 02-18-2020 984.34 ROBERT MALITO STALE DATE CHECK64420 02-18-2020 896.00 NICHOLAS OSBORNE STALE DATE CHECK64421 02-18-2020 4,782.28 PEARLEAN COLE STALE DATE CHECK

02-18-2020 PEARLEAN COLE STALE DATE CHECK64422 02-20-2020 150.00 GUMBO SOFTWARE INC. SPOOL-A-MATIC MAINT64423 02-20-2020 1,928.94 INSIGHT PUBLIC SECTOR #6848-55 MONITORS

02-20-2020 INSIGHT PUBLIC SECTOR SUPPLIES02-20-2020 INSIGHT PUBLIC SECTOR INTEL COMPUTE STICK

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02-27-2020 DEF COMP PLAN FUND ROTH STAFF PYRL DEDUCTION64447 02-27-2020 123,082.31 IL DEPT OF CENTRAL MGMT SVCS ER PREMIUM PPE02242064448 02-27-2020 15,698.75 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64449 02-27-2020 2,249.69 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64450 02-27-2020 175.24 ILLINOIS STATE DISBURSEMENTS 96-D-490 JOHNSON PYRL DED64451 02-27-2020 356.54 NEWEGG.COM SUPPLIES

02-27-2020 NEWEGG.COM SAMSUNG SMART TV64452 02-27-2020 1,946.63 SECOND EXECUTIVE PARK FEB 2020 SNOW REMOVAL

02-27-2020 SECOND EXECUTIVE PARK JAN 2020 SALT/TRASH PICK02-27-2020 SECOND EXECUTIVE PARK FEB 2020 SNOW REMOVAL

64454 02-27-2020 3,756.00 WALZ LABEL AND MAILING SYSTEMS POSTAGE METER MAINT64455 02-27-2020 1,141.65 WESTERN ILLINOIS UNIVERSITY MID126001-6% REFUND64456 03-04-2020 15,618.58 AFSCME CHAPTER 31 ANNUITANT DEDUCTION64457 03-04-2020 660.00 ALPHA CONTROLS & SERVICES LLC MINI SPLIT SYSTEM REPAIR64458 03-04-2020 7,134.91 BLACK HAWK COLLEGE ANNUITANT DEDUCTION64459 03-04-2020 2,703,253.21 IL DEPT OF CENTRAL MGMT SVCS ANNUITANT DEDUCTION

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64460 03-04-2020 1,791.00 COOK CO COLLEGE TEACHERS UNION ANNUITANT DEDUCTION64461 03-04-2020 2,960.00 COOK CO COLLEGE TEACHERS UNION ANNUITANT DEDUCTION64462 03-04-2020 1,250.00 COUNCIL INSTITUTIONAL INVESTOR VALLE-2020 SPRING CONF RE64463 03-04-2020 420.63 ILLINOIS VALLEY COMM COLLEGE ANNUITANT DEDUCTION64464 03-04-2020 1,224.73 INTERNAL REVENUE SERVICE XXX-XX-0383 MAR 2020 PMT64465 03-04-2020 2,165.67 LAKE LAND COLLEGE ANNUITANT DEDUCTION64466 03-04-2020 401.64 NEWEGG.COM KEYBOARDS64467 03-04-2020 750.00 NPEA 2020 ANNUAL DUES64468 03-04-2020 3,323.29 PARKLAND COLLEGE ANNUITANT DEDUCTION64469 03-04-2020 845.98 PIRIFORM INC C CLEANER MAINT64470 03-04-2020 25,943.35 STATE UNIV. ANNUITANTS ASSN. ANNUITANT DEDUCTION64471 03-04-2020 1,326.79 TRITON COLLEGE ANNUITANT DEDUCTION64472 03-04-2020 4,674.00 TERMINAL VIDEO LISTING INC. #6883 WISE TRACK MAINT64473 03-04-2020 4,455.00 UNIVER OF IL CAMPUS RECREATION ANNUITANT DEDUCTION64474 03-04-2020 74.33 UNITED PARCEL SERVICE FREIGHT FEB17-21 202064475 03-04-2020 359.97 URBANA/CHAMPAIGN SAN DIST DEC16 2019-FEB18 2020 SEW64476 03-04-2020 2,992.99 UNITED STATE TREASURY XXX-XX-8400 MAR 2020 PMT64477 03-04-2020 142.86 PAMELA MAPES STALE DATE CHECK64478 03-04-2020 745.39 KATHLEEN ROGERS STALE DATE CHECK64479 03-04-2020 140.98 JAMES HELM STALE DATE CHECK64480 03-04-2020 4,879.57 DONNA ROGERS STALE DATE CHECK64481 03-10-2020 8,167.98 AMEREN ILLINOIS 1801 FEB 2020 GAS

03-10-2020 AMEREN ILLINOIS 1801 FEB 2020 GAS03-10-2020 AMEREN ILLINOIS 1901 FEB 2020 ELECTRIC03-10-2020 AMEREN ILLINOIS 1801 FEB 2020 GAS03-10-2020 AMEREN ILLINOIS 1801 FEB 2020 ELECTRIC

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64488 03-10-2020 693.00 SECOND EXECUTIVE PARK FEB 2020 SNOW REMOVAL64489 03-10-2020 15,410.98 SQUIRE PATTON BOGGS DEC 2019 LEGAL SVC-LOMBARD

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64510 03-26-2020 12,534.64 DEF COMP PLAN FUND DEFCOM STAFF PYRL DEDUCTI03-26-2020 DEF COMP PLAN FUND ROTH STAFF PYRL DEDUCTION

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03-26-2020 UNITED PARCEL SERVICE FREIGHT MAR2-6 202003-26-2020 UNITED PARCEL SERVICE FREIGHT MAR9-13 2020

64526 03-26-2020 9.09 WALZ LABEL AND MAILING SYSTEMS E-CERT LABELS64527 03-27-2020 10,000.00 U.S. POSTAL SERVICE (NEOPOST) MAR 2020 POSTAGE

9,840,742.44

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STATE UNIV RETIREMENT SYSTEM Page 105-26-2020

Payment date from: 1-01-2020 Payment date to: 3-31-2020

NTAP ElectronicACCOUNTS PAYABLE

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0004741 01-16-2020 NIU CATER 2,898.44 NORTHERN ILLINOIS UNIVERSITY NOV6&7 RM RENTA0004742 01-16-2020 NOVENMARTI 50.33 MARTIN NOVEN NOVEN-LUNCH FOR0004743 01-16-2020 RAMOSALEX 183.26 ALEX RAMOS RAMOS-JAN8-9 DU0004744 01-16-2020 SAP PUBLIC 4,585.13 SAP PUBLIC SERVICES INC BUSINESS SOFTWA0004745 01-16-2020 SEICO 97,905.00 SEICO, INC 1801 BUILDING R0004746 01-16-2020 WESLEYDOUG 255.26 DOUG WESLEY WESLEY-JAN8-9 D0004747 01-16-2020 ZAHNGOVSOL 5,000.00 ZAHN GOVERNMENTAL SOLUTIONS DEC 2019 CONSUL0004748 01-17-2020 BURYDARLA 1,299.85 DARLA D. BURY BURY-PPE0113200004749 01-21-2020 Ativo 206,039.72 ATIVO CAPITAL MANAGEMENT Q4 2019 INVST M0004750 01-21-2020 CAREERBUIL 1,468.40 CAREERBUILDER, LLC. OCT 2019 BACKGR0004751 01-21-2020 GLOBEFLEX 241,793.99 GLOBEFLEX CAPITAL, L.P. Q4 2019 INVST M0004752 01-21-2020 INFOTECH 20,331.92 INFO-TECH RESEARCH GROUP INC. FY20 INFO TECH 0004753 01-21-2020 PRODATA 790.00 PRODATA RDB CONNECT MAI0004754 01-21-2020 RICOH 255.42 RICOH USA INC STAPLE REFILL0004755 01-21-2020 TORREYCOVE 171,875.00 TORREYCOVE CAPITAL PARTNERS Q4 2019 INVST M0004756 01-23-2020 AMAZONBUS 167.65 AMAZON CAPITAL SERVICES SUPPLIES0004757 01-23-2020 BLOOMBERG 6,420.00 BLOOMBERG FINANCE L.P. JAN18-APR17 2020004758 01-23-2020 CAMMACK 16,250.00 CAMMACK LARHETTE ADVISORS Q4 2019 INVST C0004759 01-23-2020 CAMPBELLB 150.00 BYRON CAMPBELL CAMPBELL-AUTO A0004760 01-23-2020 CHANNINGCA 128,101.22 CHANNING CAPITAL MANAGEMENT Q4 2019 INVST M0004761 01-23-2020 DELORIEABR 687.74 BRIAN DELORIEA DELORIEA-0004762 01-23-2020 DUNNB 649.00 BRENDA DUNN DUNN-GLASSDOOR 0004763 01-23-2020 FEATHERSTU 418.00 FEATHERSTUN, GAUMER, POSTLEWAI DEC 2019 LEGAL 0004764 01-23-2020 GLASSLEWIS 28,350.00 GLASS LEWIS & CO, LLC JAN-MAR 2020 PR0004765 01-23-2020 GORDONKELL 34.35 KELLY CARSON CARSON-LUNCH FO0004766 01-23-2020 LANSAINC 25,550.00 LANSA, INC. LANSA ANNUAL MA0004767 01-23-2020 LUTZLUCAS 10.00 LUCAS LUTZ LUTZ-JAN8-9 COU0004768 01-23-2020 MAYERBRNPL 6,360.00 MAYER BROWN LLP DEC 2019 LEGAL 0004769 01-23-2020 MONDRIAN 384,209.86 MONDRIAN INVESTMENT PARTNERS Q4 2019 INVST M0004770 01-23-2020 MS PEST CT 90.00 M & S PEST CONTROL JAN 2020 PEST C0004771 01-23-2020 NAPPA 300.00 NAPPA VOCK-2020 ANNUA0004772 01-23-2020 NEUBERGER 571,642.48 NEUBERGER BERMAN Q4 2019 INVST M0004773 01-23-2020 OFFICEDEPO 58.05 OFFICE DEPOT OFFICE SUPPLIES0004774 01-23-2020 RICOH 633.60 RICOH USA INC BARR SYSTEM SUP0004775 01-23-2020 SHI SOFTWA 258.26 SOFTWARE HARDWARE INTEGRATION SUPPLIES0004776 01-23-2020 STRATEGICG 292,971.00 STRATEGIC GLOBAL ADVISORS Q4 2019 INVST M0004777 01-23-2020 TEAMDYNAMI 1,100.00 TEAMDYNAMIX SOLUTIONS LLC POUILLIARD-CONF0004778 01-23-2020 THOMSONW 1,064.86 THOMSON WEST DEC 2019 LEGAL 0004779 01-23-2020 ZOHOCORP 275.00 ZOHO CORPORATION MANAGE ENGINE S0004780 01-28-2020 CASTLEARK 169,502.57 CASTLEARK MANAGEMENT LLC Q4 2019 INVST M0004781 01-28-2020 ICCTA 600.00 ICCTA FEB 2020 SUBLEA0004782 01-28-2020 INSTIT LTD 4,000.00 INSTITUTIONAL LIMITED PARTNERS 2020 ANNUAL MEM0004783 01-28-2020 PIEDMONTIN 298,468.17 PIEDMONT INVESTMENT ADVISORS Q4 2019 INVST M0004784 01-28-2020 PRODATA 495.00 PRODATA LICENSE TRANSFE0004785 01-28-2020 PUGHCAPITA 112,515.33 PUGH CAPITAL MANAGEMENT Q4 2019 INVST M0004786 01-28-2020 RHUMBLINE 48,695.00 RHUMBLINE ADVISERS Q4 2019 INVST M0004787 01-28-2020 RICOH 73.50 RICOH USA INC FEB 2020 B/W PR0004788 01-28-2020 STOCKOFFIC 211.50 STOCKS OFFICE FURNITURE 1901 FURNITURE 0004789 01-28-2020 TROPHYTIM 440.25 TROPHYTIME STAMPS & INK PA0004790 01-28-2020 WARREN RAC 616.00 RACHEL WARREN WARREN-FALL 2010004791 01-30-2020 BURYDARLA 2,154.96 DARLA D. BURY BURY-PPE0127200004792 01-31-2020 CDSOFFSYS 4,374.50 C D S OFFICE TECHNOLOGIES 1099-R FORMS0004793 01-31-2020 ORMONDBRAN 32.64 BRANDON ORMOND ORMOND-DEC13-300004794 02-04-2020 AMAZONBUS 599.50 AMAZON CAPITAL SERVICES SKYPE FOR BUSIN0004795 02-04-2020 CITYCOLLEG 275,889.09 CITY COLLEGES OF CHICAGO ANNUITANT DEDUC0004796 02-04-2020 ISEA RET 4,310.00 ISEA RETIREES ANNUITANT DEDUC0004797 02-04-2020 ROMANO 1,150.00 TOMASINE ROMANO XXX-XX-4355 FEB

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0004798 02-04-2020 UNIVERPROF 429.00 UNIVERSITY PROFESSIONALS IL. ANNUITANT DEDUC0004799 02-04-2020 UPI-COPE 665.00 UPI-COPE ANNUITANT DEDUC0004800 02-04-2020 ZONES 111.28 ZONES LLC SUPPLIES0004801 02-06-2020 GORDONKELL 156.74 KELLY CARSON CARSON-JAN30-310004802 02-06-2020 GREENBIANC 222.74 BIANCA T GREEN GREEN-JAN30-31 0004803 02-06-2020 HEATONMARY 30.39 MARY JANE HEATON HEATON-IBM BOOK0004804 02-06-2020 HOUCHKRIST 410.73 KRISTEN HOUCH HOUCH-JAN29-31 0004805 02-06-2020 HUNGELLEN 167.73 ELLEN HUNG HUNG-JAN30-31 B0004806 02-06-2020 LEEALBERT 66.00 ALBERT LEE LEE-JAN30 BD MT0004807 02-06-2020 MAYERSUZAN 240.00 SUZANNE MAYER MAYER-VIMEO SUB0004808 02-06-2020 MCCARTYCHE 156.74 CHELSEA MCCARTY MCCARTY-JAN30-30004809 02-06-2020 MYERSTARA 420.00 TARA MYERS MYERS-MAY17-20 0004810 02-06-2020 POLLITTKIM 367.94 KIM POLLITT POLLITT-JAN30-30004811 02-06-2020 RAMOSALEX 156.76 ALEX RAMOS RAMOS-JAN30-31 0004812 02-06-2020 SURFACE 51 4,743.75 SURFACE 51, INC. FY 2019 ANNUAL 0004813 02-06-2020 VAN METERC 1,000.86 COLLIN VAN METER VAN METER-JAN290004814 02-06-2020 VOGELMITCH 46.23 MITCHELL VOGEL VOGEL-JAN16 DUE0004815 02-06-2020 WESLEYDOUG 273.74 DOUG WESLEY WESLEY-JAN30-310004816 02-06-2020 WILLOUGHBY 278.53 SHANE WILLOUGHBY WILLOUGHBY-JAN30004817 02-11-2020 AMAZONBUS 533.83 AMAZON CAPITAL SERVICES SUPPLIES0004818 02-11-2020 BLACKMESH 900.00 CONTEGIX FEB 2020 HOSTED0004819 02-11-2020 COPS 222.60 CONFIDENTIAL ON-SITE PAPER SHR JAN 2020 SHRED 0004820 02-11-2020 FLAHERTYJA 29.83 JAMIE-CLARE FLAHERTY FLAHERTY-JAN30-0004821 02-11-2020 GABRIELCOM 12,043.92 GABRIEL,ROEDER,SMITH & CO. JAN 2020 RET/410004822 02-11-2020 GETZFIRE 420.56 GETZ FIRE EQUIPMENT FIRST AID KIT S0004823 02-11-2020 GH&A 129,924.69 GARCIA HAMILTON & ASSOC Q4 2019 INVST M0004824 02-11-2020 GIERTZFRED 364.76 J. FRED GIERTZ GIERTZ-JAN29-310004825 02-11-2020 GLADIUS 210,873.78 GLADIUS CAPITAL MANAGEMENT LP Q4 2019 INVST M0004826 02-11-2020 GREENBIANC 100.28 BIANCA T GREEN GREEN-FEB4 DUE 0004827 02-11-2020 HERRIOTTS 346.25 HERRIOTT'S COFFEE COMPANY COFFEE SUPPLIES0004828 02-11-2020 ICEMILLER 1,996.25 ICE MILLER LLP OCT 2019 LEGAL 0004829 02-11-2020 ILLPRESS 113.05 ILLINOIS PRESS ASSOCIATION 0197 JAN 2020 R0004830 02-11-2020 ITECH 2,501.50 ITECH SOLUTIONS GROUP, LLC FEB 2020 DR SVC0004831 02-11-2020 LEXISNEXRD 383.00 LEXISNEXIS RISK SOLUTIONS DEC 2019 MIN CO0004832 02-11-2020 MAYERBRNPL 7,921.25 MAYER BROWN LLP NOV 2019 LEGAL 0004833 02-11-2020 MEETINGZON 653.00 MEETINGZONE, INC. FEB 2020 VIDEO 0004834 02-11-2020 NORTHERNIL 1,078.65 NORTHERN ILLINOIS UNIVERSITY FEB 2020 RENT0004835 02-11-2020 NORTRUST 29,908.80 THE NORTHERN TRUST COMPANY Q4 2019 INVST M0004836 02-11-2020 NOVENMARTI 1,809.51 MARTIN NOVEN NOVEN-JAN BD DI0004837 02-11-2020 OFFICEDEPO 457.08 OFFICE DEPOT OFFICE SUPPLIES0004838 02-11-2020 PACIFICINV 856,228.84 PACIFIC INVESTMENT CO. Q4 2019 INVST M0004839 02-11-2020 PLANTS 140.60 PLANTS ETC FEB 2020 PLANT 0004840 02-11-2020 PROGINVEST 644,406.03 PROGRESS INVESTMENT MGMT CO. Q4 2019 INVST M0004841 02-11-2020 PROPIO 114.56 PROPIO LANGUAGE SERVICES JAN 2020 INTERP0004842 02-11-2020 QUICKSILVE 5,166.24 QUICKSILVER MAILING SERVICES JAN 2020 FLATS 0004843 02-11-2020 RICOH 2,131.95 RICOH USA INC JAN 2020 B/W PR0004844 02-11-2020 SAIGERJEFF 354.40 JEFFEREY SAIGER SAIGER-AIRFARE 0004845 02-11-2020 SIRIUS 498.33 SIRIUS Computer Solutions VERTIAS0004846 02-11-2020 THOMSONW 1,277.82 THOMSON WEST JAN 2020 LEGAL 0004847 02-11-2020 TORREYCOVE 22,584.92 TORREYCOVE CAPITAL PARTNERS DEC 2019 LEGAL 0004848 02-11-2020 TROPHYTIM 26.25 TROPHYTIME NAME PLATES (3)0004849 02-11-2020 TROWEPRICE 929,966.87 T. ROWE PRICE Q4 2019 INVST M0004850 02-11-2020 VERIZONPA 1,343.95 VERIZON WIRELESS DEC16 2019-JAN10004851 02-11-2020 WELLINGTON 830,423.42 WELLINGTON MANAGEMENTCOMPANY Q4 2019 INVST M0004852 02-11-2020 WINFREYAND 146.55 ANDREA JORDAN JORDAN-JAN29-300004853 02-13-2020 AMAZONBUS 3,682.07 AMAZON CAPITAL SERVICES SUPPLIES0004854 02-13-2020 CHAMPDOITB 243.70 CU HARDWARE COMPANY GENERAL HARDWAR

Exhitbit 11





0004855 02-13-2020 INFOTECH 21,000.00 INFO-TECH RESEARCH GROUP INC. DLP RFP DESIGN0004856 02-13-2020 lazer 298.00 Lazer's Edge Office Automation TONER0004857 02-13-2020 MCGILLSTEW 396.80 STEWART MCGILL MCGILL-AIRFARE 0004858 02-13-2020 NOVENMARTI 675.36 MARTIN NOVEN NOVEN-JAN28-29 0004859 02-13-2020 ORMONDBRAN 46.24 BRANDON ORMOND ORMOND-JAN2-24 0004860 02-13-2020 ROWEMARK 396.80 MARK ROWE ROWE-AIRFARE AP0004861 02-13-2020 SPOC LLC 11,220.42 CONSOLIDATED COMMUNICATIONS 1801 JAN 2020 P0004862 02-13-2020 STOCKOFFIC 211.50 STOCKS OFFICE FURNITURE FURNITURE INSTA0004863 02-13-2020 TEPPERELEC 417.00 TEPPER ELECTRIC SUPPLY CO. ELECTRIC SUPPLI0004864 02-18-2020 BLACKROCK 397,675.54 BLACKROCK INST TRUST CO. Q4 2019 INVST M0004865 02-18-2020 CAREERBUIL 1,041.75 CAREERBUILDER, LLC. DEC 2019 BACKGR0004866 02-18-2020 FIDELITYIN 153,307.92 FIDELITY INSTITN'L ASSET MGMT Q4 2019 INVST M0004867 02-18-2020 LANSAINC 24,000.00 LANSA, INC. LANSA ANNUAL MA0004868 02-18-2020 MS PEST CT 90.00 M & S PEST CONTROL FEB 2020 PEST C0004869 02-18-2020 NOVENMARTI 1,376.94 MARTIN NOVEN NOVEN-JAN21-24 0004870 02-20-2020 AMAZONBUS 162.43 AMAZON CAPITAL SERVICES SUPPLIES0004871 02-20-2020 ICEMILLER 33,126.00 ICE MILLER LLP JAN 2020 LEGAL 0004872 02-20-2020 OFFICEDEPO 79.81 OFFICE DEPOT OFFICE SUPPLIES0004873 02-20-2020 ROCKSTEVEN 91.55 STEVEN ROCK ROCK-JAN28-FEB20004874 02-20-2020 SAGESOFTWA 6,208.00 SAGE SOFTWARE, INC. ANNUAL MAINT0004875 02-20-2020 SEICO 60.00 SEICO, INC PANIC BUTTON CH0004876 02-20-2020 VASQUEZANT 46.00 ANTONIO A. VASQUEZ VASQUEZ-JAN 30 0004877 02-20-2020 VOGELMITCH 129.73 MITCHELL VOGEL VOGEL-JAN30-31 0004878 02-25-2020 AMAZONBUS 219.38 AMAZON CAPITAL SERVICES SUPPLIES0004879 02-25-2020 GLOBEFLEX 131,390.10 GLOBEFLEX CAPITAL, L.P. UNDERBILLED PER0004880 02-25-2020 HUBERASSOC 7,933.00 HUBER & ASSOCIATES, INC. ITERA UPGRADE0004881 02-25-2020 ICCTA 600.00 ICCTA MAR 2020 SUBLEA0004882 02-25-2020 OFFICEDEPO 368.93 OFFICE DEPOT OFFICE SUPPLIES0004883 02-25-2020 PANTHEONVE 97,134.23 PANTHEON VENTURES US LLP Q1 2019 INVST M0004884 02-25-2020 TORREYCOVE 4,045.95 TORREYCOVE CAPITAL PARTNERS JAN 2020 LEGAL 0004885 02-25-2020 VALLEKELLY 611.40 KELLY VALLE VALLE-AIREFARE 0004886 02-27-2020 AMAZONBUS 47.65 AMAZON CAPITAL SERVICES SUPPLIES0004887 02-27-2020 VERIZONPA 1,661.18 VERIZON WIRELESS JAN16-FEB15 2020004888 02-27-2020 ZONES 5,180.88 ZONES LLC LENOVO POWER AD0004889 03-04-2020 AMAZONBUS 58.10 AMAZON CAPITAL SERVICES SUPPLIES0004890 03-04-2020 BROOKEMICH 414.00 MICHAEL BROOKE BROOKE-DIGICERT0004891 03-04-2020 CAREERBUIL 345.75 CAREERBUILDER, LLC. JAN 2020 BACKGR0004892 03-04-2020 CITYCOLLEG 277,626.68 CITY COLLEGES OF CHICAGO ANNUITANT DEDUC0004893 03-04-2020 DAVISELEC 688.00 DAVIS ELECTRIC ELECTRICAL WORK0004894 03-04-2020 DUNNB 137.82 BRENDA DUNN DUNN-FEB4-18 DU0004895 03-04-2020 HERRIOTTS 394.00 HERRIOTT'S COFFEE COMPANY COFFEE SUPPLIES0004896 03-04-2020 ISEA RET 4,294.50 ISEA RETIREES ANNUITANT DEDUC0004897 03-04-2020 LANSAINC 1,080.00 LANSA, INC. SAML PROJECT0004898 03-04-2020 LUTZLUCAS 50.50 LUCAS LUTZ LUTZ-JAN29-30 S0004899 03-04-2020 OFFICEDEPO 234.37 OFFICE DEPOT OFFICE SUPPLIES0004900 03-04-2020 POUILLIARD 753.31 LESLIE POUILLIARD POUILLIARD-AIRF0004901 03-04-2020 RICOH 1,048.39 RICOH USA INC MAR 2020 PRINTE0004902 03-04-2020 ROMANO 1,150.00 TOMASINE ROMANO XXX-XX-4355 MAR0004903 03-04-2020 UNIVERPROF 429.00 UNIVERSITY PROFESSIONALS IL. ANNUITANT DEDUC0004904 03-04-2020 UPI-COPE 665.50 UPI-COPE ANNUITANT DEDUC0004905 03-04-2020 VALLEKELLY 892.85 KELLY VALLE VALLE-FEB8-12 D0004906 03-04-2020 ZONES 4,200.00 ZONES LLC #6867-72 COMPUT0004907 03-10-2020 CAMPBELLB 380.00 BYRON CAMPBELL CAMPBELL-SURS.O0004908 03-10-2020 CDWGOVERN 510.81 CDW GOVERNMENT, INC. XOGO ENT SUB0004909 03-10-2020 CONNORURBA 181.97 CONNOR COMPANY SUPPLIES0004910 03-10-2020 FEATHERSTU 315.00 FEATHERSTUN, GAUMER, POSTLEWAI JAN 2020 LEGAL 0004911 03-10-2020 HOUCHKRIST 89.87 KRISTEN HOUCH HOUCH-FEB27 DUE

Exhitbit 11





0004912 03-10-2020 ICEMILLER 11,431.00 ICE MILLER LLP JAN 2020 LEGAL 0004913 03-10-2020 ILLPRESS 105.40 ILLINOIS PRESS ASSOCIATION 0197 FEB 2020 R0004914 03-10-2020 lazer 355.50 Lazer's Edge Office Automation TONER0004915 03-10-2020 LEXISNEXRD 485.00 LEXISNEXIS RISK SOLUTIONS FEB 2020 MIN CO0004916 03-10-2020 MEETINGZON 653.00 MEETINGZONE, INC. MAR 2020 VIDEO 0004917 03-10-2020 ORMONDBRAN 46.24 BRANDON ORMOND ORMOND-JAN27-FE0004918 03-10-2020 PLANTS 140.60 PLANTS ETC MAR 2020 PLANT 0004919 03-10-2020 PROPIO 17.28 PROPIO LANGUAGE SERVICES FEB 2020 INTERP0004920 03-10-2020 SIRIUS 10,140.45 SIRIUS Computer Solutions TRAPS ANNUAL MA0004921 03-10-2020 TAVE&ASSOC 43,491.00 TAVE & ASSOCIATES FY20 CYBER INS 0004922 03-10-2020 TEAMDYNAMI 18,266.75 TEAMDYNAMIX SOLUTIONS LLC SAAS LICENSES0004923 03-10-2020 THOMSONW 1,277.83 THOMSON WEST FEB 2020 LEGAL 0004924 03-10-2020 ZONES 56.47 ZONES LLC MICROSOFT INTUN0004925 03-12-2020 ALTORFER 1,451.00 ALTORFER INC. EMERGE GENERATO0004926 03-12-2020 BARTELLJEN 242.24 JENNIFER BARTELL BARTELL-MAR3-6 0004927 03-12-2020 BAUERCYNTH 152.20 CYNTHIA A. BAUER BAUER-MAR3-4 CO0004928 03-12-2020 BOPI 480.00 BLOOMINGTON OFFSET PROCESS INC FY2019 ANNUAL R0004929 03-12-2020 CHAMPDOITB 149.26 CU HARDWARE COMPANY GENERAL HARDWAR0004930 03-12-2020 CLICKDIMEN 14,569.20 CLICKDIMENSIONS, LLC MARKETING AUTOM0004931 03-12-2020 CONNORURBA 504.74 CONNOR COMPANY CREDIT MEMO0004932 03-12-2020 DUNNB 259.98 BRENDA DUNN DUNN-FEB26-27 I0004933 03-12-2020 GABRIELCOM 5,350.17 GABRIEL,ROEDER,SMITH & CO. FEB 2020 RETAIN0004934 03-12-2020 JOHNSONM 152.20 MARLYS M. JOHNSON JOHNSON-MAR3-4 0004935 03-12-2020 LANSAINC 2,500.00 LANSA, INC. SAML PROJECT0004936 03-12-2020 LUTZLUCAS 24.50 LUCAS LUTZ LUTZ-FEB20-27 C0004937 03-12-2020 NORTHERNIL 1,078.65 NORTHERN ILLINOIS UNIVERSITY MAR 2020 RENT0004938 03-12-2020 SERVICE EX 375.65 SERVICE EXPRESS, INC IBM EXPANSION0004939 03-12-2020 SPOC LLC 9,904.32 CONSOLIDATED COMMUNICATIONS 1901 FEB 2020 P0004940 03-12-2020 ZONES 7,300.00 ZONES LLC VEEAM ANNUAL MA0004941 03-13-2020 HUTCHINSON 84,468.00 HUTCHINSON AND BLOODGOOD LLP ACCOUNTING SOFT0004942 03-20-2020 BROOKEMICH 431.96 MICHAEL BROOKE BROOKE-MAR11-130004943 03-20-2020 KERNLORI 41.83 LORI KERN KERN-RETIREMENT0004944 03-20-2020 MAYERSUZAN 360.00 SUZANNE MAYER MAYER-SURVEY MO0004945 03-20-2020 NOVENMARTI 543.60 MARTIN NOVEN NOVEN-MAR11 BD 0004946 03-26-2020 ALTORFER 894.00 ALTORFER INC. 1801 EMERGE GEN0004947 03-26-2020 AMAZONBUS 362.43 AMAZON CAPITAL SERVICES SUPPLIES0004948 03-26-2020 CONNORURBA 933.50 CONNOR COMPANY FLUSH VALVES0004949 03-26-2020 COPS 241.68 CONFIDENTIAL ON-SITE PAPER SHR FEB 2020 SHRED 0004950 03-26-2020 FEATHERSTU 1,102.50 FEATHERSTUN, GAUMER, POSTLEWAI FEB 2020 LEGAL 0004951 03-26-2020 ICEMILLER 11,386.00 ICE MILLER LLP FEB 2020 LEGAL 0004952 03-26-2020 LUTZLUCAS 10.00 LUCAS LUTZ LUTZ-MAR11-12 C0004953 03-26-2020 MRCINFOTEC 11,647.38 MRC INFORMATION TECHNOLOGY INC KOFAX0004954 03-26-2020 OFFICEDEPO 439.37 OFFICE DEPOT OFFICE SUPPLIES0004955 03-26-2020 QUICKSILVE 2,249.64 QUICKSILVER MAILING SERVICES FEB16-29 2020 F0004956 03-26-2020 RICOH 73.50 RICOH USA INC APR 2020 B/W PR0004957 03-26-2020 ROCKSTEVEN 420.04 STEVEN ROCK ROCK-MAR11-13 B0004958 03-26-2020 SPOC LLC 1,043.85 CONSOLIDATED COMMUNICATIONS 1801 FEB 2020 P0004959 03-26-2020 TORREYCOVE 21,517.50 TORREYCOVE CAPITAL PARTNERS LEGAL FEES-MBK 0004960 03-26-2020 VAN METERC 427.85 COLLIN VAN METER VAN METER-MAR110004961 03-26-2020 ZAHNGOVSOL 10,000.00 ZAHN GOVERNMENTAL SOLUTIONS JAN/FEB 2020 CO0004962 03-26-2020 ZOHOCORP 183.00 ZOHO CORPORATION MANAGE ENGINE S

Payment Account Total 9,753,263.65*Payment Type Total 9,753,263.65*

Report Total 9,753,263.65*

Exhitbit 11

To: SURS Board of Trustees From: Keith Johnson, SMP Manager Date: May 14, 2020 Re: Self-Managed Plan (SMP) Update, Quarter Ending March 31, 2020 _____________________________________________________________________________________

Overview

As of March 31, 2020, the average SMP participant’s account balance was $107,941 based on 22,603 participants, 14,254 active and 8,349 terminated, with participants’ investments totaling $2,439,800,651. 61.4% of participants’ assets were invested with Fidelity and 38.6% with TIAA-CREF. The average participant is invested in 3 funds.

Fiscal Year 2020 Distributions

For the fiscal year, 67 SMP members have retired and annuitized their account balance through Principal. The average age at annuitization is 62.6. The average monthly annuity is $1,093.62. 44 members annuitized their account balances through TIAA. The average age at annuitization was 62.9. The average monthly benefit was $1,494.73.

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

SMP PARTICIPANTS AND AVERAGE ACCOUNT BALANCES as of March 31, 2020

Avg Account BalanceParticipants

Exhitbit 12

For the fiscal year, 203 SMP retirement eligible participants chose to forego an annuity in favor of a lump-sum distribution. 551 non-retirement eligible, terminated members have taken lump-sum distributions. Membership Composition 42.1% of the SMP active participants are Academic and 57.9% are Staff.

72.5% of active SMP participants are full-time, 27.5% are part-time.

3,964 7,3207,016 14,216 32,516

7,859 10,8437,175 18,891 44,768

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Traditional Portable SMP Default Total

ACTIVE SURS PARTICIPANTSACADEMIC vs STAFF as of March 31, 2020

Academic Staff

11,467 14,523 8,941 21,608 56,539

2,787 3,815 3,07011,824

21,496

0%10%20%30%40%50%60%70%80%90%

100%

SMP Portable Traditional Default Total

Tot. Active FULL TIME vs. PART TIME EMPLOYMENT as of March 31, 2020

Full Time Part Time

Exhitbit 12

Education For the fiscal year, SURS has provided individual counseling to 361 SMP members, three Navigating the SMP webinars has been offered with attendance of 305. Plan Election Since January 1, 2011, 12,755 (18.71%) of the 66,160 Tier 2 new hires chose the SMP, 10.13% chose Traditional, 22.29% Portable and 48.87% defaulted to Traditional. 18.3% of all active SURS participants are in the Self-Managed Plan, 23.5% Portable, 15.4% Traditional, 42.8% Traditional by default.

0%

10%

20%

30%

40%

50%

60%

70%

80%

2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Year / Calendar Qtr

10 yr. SURS Plan Elections by Quarter

Default PortableSMP TraditionalTraditional + Default

Exhitbit 12

Self Managed Plan Distributions Distributions paid in quarter ending March 31, 2020 Non-Retirement eligible: Total Non-Retirement eligible 250 $ 6,833,294

Fixed period 76 $ 63,597 Lump sum 65 $ 1,280,935 Rollovers 106 $ 5,246,668 QILDRO 3 $ 242,094

Retirement eligible: Total Retirement eligible 136 $ 15,727,089

Annuities 33 $ 8,720,142 Fixed period 48 $ 122,573 Lump sum 15 $ 175,231 Rollovers 40 $ 6,709,143 QILDRO 0 $

Death benefits: Total Death benefits 3 $ 104,769 Annuity 0 $

Lump sum 3 $ 104,769 Rollovers 0 $

Total: 389 $ 22,665,152

Exhitbit 12