minutes of the state universities retirement system friday ...minutes . quarterly meeting of the...

MINUTES

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

Friday, September 11, 2020, 3:00 p.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 September 11, 2020, at 3:00 p.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, 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; 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. Mike Calabrese of Foley and Lardner and Ms. Linda Brookhart of SUAA. Board of trustees roll call attendance was taken. Trustee Ammons, absent, Trustee Atkinson, present; Trustee Figueroa, absent; Trustee Flaherty, absent; Trustee Hendrie, present; Trustee Lyons, present; Trustee Rock, present; Trustee Van Meter, present; Trustee Vasquez, present and Trustee Vogel, absent. Trustee Flaherty joined the meeting at 3:05 p.m. Trustee Vogel joined the meeting at 3:45 p.m. Trustee Vasquez left the meeting at 4:00 p.m. Trustee Giertz left the meeting at 4:10 p.m. Trustee Van Meter left the meeting at 4:30 p.m.

APPROVAL OF MINUTES

Trustee Atkinson presented the minutes from the SURS Board of Trustees meeting of June 5, 2020. Trustee Rock made the following motion:

• That the minutes from the June 5, 2020 SURS Board of Trustees meeting be approved as presented.

Trustee Giertz seconded and a roll call vote was taken:

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

CHAIRPERSON’S REPORT

Trustee Atkinson opened by thanking the SURS staff for the hard work and strong leadership that has not gone unnoticed by the entire board of trustees during the Covid-19 pandemic. He briefly discussed some good news around the state in terms of the enrollment numbers at the public universities. Unfortunately, the enrollment in community colleges is down, and Trustee Atkinson provided some insight on the negative effects of this. He commended the University of Illinois for their leadership in supporting the state’s efforts during the pandemic, along with managing the exposure of Covid-19. Trustee Atkinson concluded by stating that although there have been many challenges, the Illinois Board of Higher Education will continue to work to create a strategic plan to cover the next five to 10 years and he foresees a more positive outcome moving forward.

EXECUTIVE DIRECTOR’S REPORT

Mr. Noven thanked the board of trustees for recognizing the SURS staff for all their hard work during the pandemic. He mentioned that a date and time will need to be discussed and agreed upon for a virtual staff appreciation event. This event will not only recognize all the employees but also recognize certain individuals who have gone above and beyond this past year. He also mentioned the need to schedule a board retreat, diversity training and trustee orientation. All trustees will be contacted soon for scheduling purposes.

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 suggestions for future educational opportunities including virtual conferences. Trustee Rock made the following motion:

• That the board of trustees travel to attend board and committee meetings, Claims Panel hearings, meetings with SURS staff, and other SURS-related business or functions be

approved for fiscal year 2021 and that all resulting allowable expenses be reimbursed, including online conferences.

Trustee Vasquez seconded and let into a roll call vote:

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

The motion passed. A copy of the staff memorandum titled “Board Training Requirements and Travel Approval” with the list of upcoming training opportunities as of September 2020 is incorporated as part of these minutes as Exhibit 1 and Exhibit 2.

REVIEW OF COMMITTEE ACTION

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

• That based on the recommendation of SURS staff and Callan, the board of trustees approve a commitment of $60 million to Homestead Capital USA Farmland Fund III, subject to successful completion of contract negotiations. Roll call vote:


• That based on the recommendation of SURS staff and Callan, the board of trustees approve the election of the four-year management fee discount program offered by the UBS Trumbull Property Fund. Roll call vote:


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

Investment Group as a discretionary specialty private credit advisor, pending successful contract negotiations. Roll call vote:


The motions pass. Diversity Committee: On behalf of the Diversity Committee, Trustee Flaherty presented the committee actions. The Diversity Committee recommends:

• That based on staff recommendation, the SURS Inclusion Policy be approved as submitted and that SURS goal for contracts and purchases from businesses owned by minorities, females and persons with a disability remain at 25 percent for fiscal year 2021. Roll call vote:

Trustee Ammons - absent

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

The motion passed. Audit & Risk Committee: On behalf of the Audit & Risk Committee, Trustee Hendrie presented the committee actions. The Audit & Risk Committee recommends:

• That the Internal Audit Plan for FY 2021/2022 be approved as presented. Roll call vote:


The motion passed. Legal & Legislative Committee: On behalf of the Legal & Legislative Committee, Trustee Rock presented the committee actions. The Legal & Legislative Committee recommends:

• That Amendment Number One to the State Universities Retirement System Retirement Savings Plan be adopted substantially in the form presented with an effective date of June 1, 2020. Roll call vote:

Trustee Ammons - absent

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

• That Amendment Number One to the State Universities Retirement System Deferred

Compensation Plan be adopted substantially in the form presented with an effective date of September 1, 2020. Roll call vote:


• That the board of trustees adopt the SURS Deferred Compensation Plan and submit the

Employer Participation Agreement substantially in the form presented. Roll call vote:


The motions pass. Administration Committee:

On behalf of the Administration Committee, Trustee Van Meter presented the committee actions. The Administration Committee recommends:

• That the board of trustees approve a supplemental budget increase of $558,320 for SURS to engage a PAS Implementation Partner. Roll call vote:


• That the board of trustees approve a supplemental budget increase of $265,100 for SURS

to engage a Data Hygiene & Conditioning services firm.


The motions pass.

SMP FORFEITURE ACCOUNT APPROVAL

Ms. Green reminded trustees that the discussion relating to this action item was held during the Legal and Legislative Committee meeting. Trustee Rock made the following motion:

• The board of trustees approve a supplemental budget request of $306,000 to cover specific RSP plan expenses.

Trustee Giertz seconded and a roll call vote was taken:


The motion passed.

INSURANCE RFP UPDATE

Ms. Tara Myers provided an update on the Insurance RFP stating that in February 2020, SURS hired consulting firm, Insurance Audit and Inspection Company, to assist with the review of insurance policies and coverages. Currently SURS is working to finalize the timeline and will start the RFP process by the end of the year and issue the RFP in January 2021. The recommendation for the final selection of insurance providers will be presented at the June 2021 meeting, so the new policies can go into effect on July 1, 2021.

FIDUCIARY LIABILITY INSURANCE

Mr. Craig Goesel and Mr. Bruno Amici of Alliant/Mesirow Insurance Services provided a summary of the proposed Fiduciary Insurance Program renewal to SURS. Trustees asked questions regarding the renewal terms and the public pension funds of the current fiduciary insurance policy. Mr. Goesel also shared how diversity and inclusion is one of the organizations critical success factors, following additional questions from the trustees for further details on diversity, specifically. In conclusion, Trustee Flaherty requested that the board would like to see diversity play a strong role in the development and contributions to the SURS account on Alliant’s team. Trustee Flaherty made the following motion:

• To retain the current limit structure at $393,187.00, Option 2 with Alliant/Mesirow Insurance Services.

Trustee Rock seconded and was followed by a roll call vote.

Trustee Ammons - absent Trustee Atkinson - aye Trustee Figueroa - absent Trustee Flaherty - aye

Trustee Hendrie - aye Trustee Giertz - absent Trustee Lyons - aye Trustee Rock - aye Trustee Van Meter - aye Trustee Vasquez - absent Trustee Vogel - aye

The motion passed. A copy of the Alliant/Mesirow presentation titled “SURS Pension Proposal 2020” is incorporated as part of these minutes as Exhibit 3.

TENTATIVE MEETING DATES FOR 2021-2022

Trustee Atkinson presented the tentative meeting dates and requested that if any other trustees have suggestions to please inform Mr. Noven. Trustee Van Meter made the following motion:

• That the meeting dates proposed for 2020-2021 be approved as presented. Trustee Vogel seconded and was followed by a roll call vote.

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

The motion passed. A copy of the staff memorandum titled “Meeting Dates 2021-2022” is incorporated as part of these minutes as Exhibit 4.

UPDATE ON BOARD GOVERANCE REVIEW

Mr. Michael Calabrese of Foley and Lardner provided a discussion on six specific priority topics to the board which included delineation of the duties amongst the board, the board chair, committees, the SURS Executive Director and SURS staff; the role and relationships of the general counsel; the role and relationships of the Audit Committee and the internal auditor; the delegation

of investment authority to staff; when and how the board and committees should meet; and defining the subject matter jurisdiction of board committees. Trustees asked questions and provided feedback on each topic discussed. A copy of the Foley presentation titled “SURS Governance Topics” is incorporated as part of these minutes as Exhibit 5.

CLOSED SESSION

Trustee Flaherty moved that the board of trustees go into closed session pursuant to §2(c)(11) of the Open Meetings Act. Trustee Rock seconded and the motion carried on a roll call vote:

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

OPEN SESSION

Upon motion by Trustee Vogel that was seconded by Trustee Flaherty and carried, the board of trustees resumed the meeting in open session.

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

INFORMATIONAL ITEMS NOT REQUIRING BOARD ACTION

1. Exhibit 6 – General Counsel’s FOIA Report 2. Exhibit 7 – Comparative Financial Reports 3. Exhibit 8 – Member Services Division Reports

4. Exhibit 9 – Self-Managed Plan Update for the Quarter Ending March 31, 2020

PUBLIC COMMENT

There were no public comments presented to the board of trustees. There was no further business brought before the board and Trustee Vogel moved that the meeting be adjourned. The motion was seconded by Trustee Rock and carried with a roll call vote.

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

Respectfully submitted,

Mr. Martin Noven

Secretary, SURS Board of Trustees

MMN:kc/cm/aa

LIMITED/INTERNAL

MEMORANDUM

TO: Board of Trustees

FROM: Mr. Martin Noven Executive Director

RE: Board Training Requirements and Travel Approval

DATE: August 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 theSeptember 2020 list of Upcoming Training Opportunities be approved and that allresulting allowable expenses consistent with SURS travel policy be reimbursed.

• That the Board of Trustees travel to attend Board and Committee meetings,Claims Panel hearings, meetings with SURS staff, and other SURS-relatedbusiness or functions be approved for Fiscal Year 2021 and that all resultingallowable expenses be reimbursed.

Exhitbit 1

LIMITED/INTERNAL

State Universities Retirement System Schedule of

Upcoming Training Opportunities As of September 2020

SURS Board/Committee Meetings for 2020

SURS Board and Committee Meetings September 10-11, 2020 SURS Board and Committee Meetings October 15, 2020 SURS Board and Committee Meetings December 3-4, 2020

Council of Institutional Investors

Title: 2020 Fall Conference – VIRTUAL 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

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

Exhitbit 2

Fiduciary & Management Liability Insurance

Policy Period:

September 30th 2020 - 2021

September, 2020

Presented by: Craig GoeselSenior Vice President

Bruno AmiciAccount Manager

Alliant Insurance Services, Inc..CA License No. 0803093 1

State Universities Retirement Systemof Illinois

Exhitbit 3

Some of our clients

Company Profile

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State Universities Retirement System of Illinois

Exhitbit 3

Alliant Insurance Services, Inc.. appreciates the opportunity to present our Fiduciary insurance program renewal to StateUniversities Retirement System of Illinois

Alliant’s experience with large public entities and the development of group purchase programs exposures dates back to 1977when our organized labor and public entity division was established. Over the past 40 years we have become a nationallyrecognized leader in this specialized market sector.

As we developed a variety of programs for the public sector we knew that our model and concept could be duplicatednationally for management liability coverage of retirement systems.

As a result, we created the first ever fiduciary and management liability program in the country designed to allow systems toband together and drive down the insurance marketplace in addition to leveraging broader coverage than what typically can beobtained as a standalone entity.

Our strategic alliance with both NASRA and NCPERS allow their members to access our exclusive program; resulting insignificant savings to some of the largest systems in the country.

We understand the complexity of retirement exposures and are leading experts in designing coverage that is specificallytailored for our clients’ needs. We have an entire claims division that handles claim situations that arise.

We author articles on management liability and the exposures faced by the public sector, we continually keep abreast of publicpension issues and consult with our clients on those issues as it relates to insurance exposures and risk management andfinally, we are regular speakers at conferences regarding risk management for pension fund trustees for both NASRA andNCPERS.

Executive Summary

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Exhitbit 3

• We are an employee-owned insurance broker, employing over 4,000 employees among our affiliates

• Alliant Insurance Services is an independent, full-service insurance broker (placing Fiduciary Liability Insurance CoverageSummary, Property, Casualty, Life & Health insurance programs)

• We have a Practice Group dedicated to Organized Labor (including multi-employer, Taft-Hartley and public pension clients)

• Our experienced staff of professionals consists of former underwriters who can better tailor products to meet the evolvingneeds of Trustees

• Our team leader, Craig Goesel, has over 20 years of experience in underwriting and placing Management Liability insurancefor clients

• We are an industry expert; with over 500 clients and $5,000,000 premium placed nationally, we are the largest broker inthe nation for Taft-Hartley and Public Pension clients

• We partner with state and national agencies and associations - including NASRA, IPPFA, IPPAC, MAPERS and TEXPERS - tohelp Trustees better understand their liability, insurance options and how to reduce their exposures. Alliant is a CorPERSmember of the National Conference on Public Employee Retirement Systems (NCPERS)

• We act as a procurement agency for clients, ensuring that they receive the most comprehensive and favorably pricedprogram through a competitive bid process

• We provide helpful guidance on coverage provisions, market selection and limits analysis in a clear, easy to understand,proposal presentation

• We have a network of positive relationships in the management liability space (clients, attorneys, consultants, etc.) thatwould provide favorable references

• Alliant Insurance Services has challenged a number of carriers (including ULLICO, Euclid, Beazley and Chubb) in coveragedevelopment to ensure the most comprehensive coverage meets the unique needs of our clients

• We have a dedicated claim advocacy team, and have been successful in reversing denials of coverage on behalf of our Taft-Hartley and Public Pension clients

Why Alliant Insurance Services

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Exhitbit 3

• State Retirement System of Illinois (SRS)

• Judges Retirement System of Illinois (JRS)

• State University Retirement System of Illinois (SURS)

• California Public Employees’ Retirement System (CalPERS)

• The Chicago Municipal Annuity and Benefit Fund

• The Chicago Laborers’ Annuity and Benefit Fund

• The Chicago Policemen Annuity and Benefit Funds

• The Chicago Firemen Annuity and Benefit Funds

• Illinois State Board of Investments (ISBI)

• State of Kentucky Teachers’ Retirement System

• State of South Carolina Public Employees’ Retirement System & Deferred Comp Plan

• Orange County Employees’ Retirement System

• Contra Costa County Employees’ Retirement System

Representative Clients

• Missouri Department of Transportation and Patrol Employees’ Retirement System

• Napa County Deferred Comp Plan

• Fresno County Employees’ Retirement System

• Merced County Employees’ Retirement System & Deferred Comp Plan

• Imperial County Employees’ Retirement System

• Mendocino County Employees’ Retirement System

• Sacramento County Benefit Plans

• San Bernardino County Employees’ Retirement System

• Santa Barbara County Employees’ Retirement System

• Sonoma County Employees’ Retirement System

• The Retirement Plan for Chicago Transit Authority Employees (CTA Retirement Plan)

• Illinois Secure Choice Savings Program

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Exhitbit 3

Re: Procurement Request: Fiduciary Liability Insurance: State Universities Retirement System of Illinois

Dear Underwriter:Alliant Insurance Services, Inc.. requests your participation in the procurement of Fiduciary Liability Insurances for State UniversitiesRetirement System of Illinois. While the program is due to expire on 9/30/20, Alliant will present terms on to the Board of Trustees onSeptember 11th. As such, I am looking for your responses by 8/26/20 so we can properly draft the renewal presentation and summarize theresults in writing prior to the meeting.

Alliant Insurance Services, Inc.. requires our carriers to be admitted to offer this insurance coverage within the State of Illinois and to hold anAM Best's Rating of at least {A- (VII)}. As such, we have only provided this submission to those carriers that currently hold these designations.If your firm's designations fall below these thresholds during the submission process, please immediately alert us.

The Insured currently purchases a Fiduciary Liability program as follows:Annual Aggregate Limit of Liability: $30,000,000Effective: 10/20/19 – 9/30/20

I attach the following documents for your consideration:• Comprehensive Annual Financial Report 2019• Completed applications

Alliant Insurance Services, Inc. is not utilizing a wholesaler, procurement firm or other intermediary to secure these renewal terms. As such,we request that you provide responses directly to our team, and no compensation is due to other such parties.

I would be happy to discuss this submission further. Please let me know if you have any questions or concerns.

Thank You & Best Regards,Craig GoeselSenior Vice President

Procurement Request

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General Pricing Considerations

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• Pre-2019, we had witnessed a long period of softening rates and improved pricing across all lines of insurance. During that period of time, insurance carriers had been warning of higher than normal losses across all segments and increasing costs of reinsurance treaties. However, over that time frame, we had not witnessed general increases in rates - unless a client had grown exponentially or sustained a loss.

• The insurance marketplace began hardening at the end of 2018 across all lines of business. With that said, asset managers had been able to avoid these years of rate pressure as their premiums had not been reduced as dramatically as other industry sectors. The market changed to a “sellers market” on 2019.

• Regulatory oversight and enforcement actions continue to be a leading contributor for claims especially from investigations, civil suits, and proceedings by the U.S. Securities and Exchange Commission's Division of Enforcement program. The SEC’s Whistleblower Program received a record-breaking 5,282 reports in 2019, up almost 20% year-over-year.

• Below are some industry quotes pre-COVID-19 pandemic:

• “Average commercial insurance pricing increased apx 6% in the third quarter 2019, the largest increase since the survey began in 2012, and the seventh consecutive quarter of average pricing increases. On average, pricing for property risks increased 8% while financial and professional lines (D&O, Fiduciary Liability, Cyber Liability) rose almost 10% across all segments.” - The Marsh Global Insurance Market Index, November 18, 2019.

• “In the US, current D&O market trends are tightening, with upward pressure on rates and retentions in certain segments. Aon’s Q4 2019 data shows public company D&O renewals are experiencing +26% and +39% rate increases on primary and first excess layers, respectively.” – AON Directors & Officers Report, January 2020.


Exhitbit 3

COVID-19 Pricing Considerations

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• With regard to the economic impact of COVID-19, the industry has started to incur claim activity against companies. In many cases, there seem to be extenuating circumstances or industries dramatically effected by the pandemic (hospitality, real estate, retail, oil & gas). With that said, it will not take long for more claims to surface. We have witnessed that the current environment has an adverse effect on underwriting appetite, pricing and coverage structure.

• Insurance carriers have not been willing to provide guidance on pricing until we are within 45 days of the expiration date ofcoverage. However, underwriters price for uncertainty, and this is definitely an uncertain time. Rates for asset managers were approaching 10% increases leading up to the pandemic, and rates are continuing to climb as we witness the economic impact of this event.

• With the advent of COVID-19 and the related economic impact, the market changed dramatically. The insurance marketplace immediately moved to underwrite to this uncertain landscape and manage their portfolio risk. This has made carriers reduce limit profiles, reduce coverage provisions and exert considerable rate pressure on its clients. Below are a few quotes from industry press releases:

• “As the pandemic began, the management liability insurance marketplace had seen primary pricing and tightening of capacity in response to severity and litigation. That tightening appears to have been enhanced over the last 35 to 40 days. Litigation costs have been increasing in the last 13 years. D&O rates have been decreasing. That doesn’t work. There’s some type of interception there that has to be corrected. This is a long-tailed business and as losses continue to be adverse and unfavorableand there’s development there, there’s rate need.” By Erin Ayers, Advisen, May 7, 2020

• “With insurers potentially facing up to $80 billion in losses as a result of pandemic claims, the reality is that the market is “challenging,” … Commercial property, umbrella/excess, and management liability will likely bear the brunt of rate increases … liability risks could see increases anywhere up to 50 percent or higher.” - Advisen Report, May 8, 2020

• Professional liability insurance accounts continue to drive prices higher, with a global average increase of 26 percent, up from18 percent in the fourth quarter of 2019… Nearly 95 percent of US clients are seeing an increase for an overall average price hike of 44 percent. Higher frequency and severity of securities litigation drove the increases, which were accompanied by reduced capacity and tighter terms and conditions.” The Marsh Global Insurance Market Index, May 12, 2020.

• Commercial insurance prices soared in the second quarter of 2020, to mark 11 consecutive quarters of price increases and the largest year-over-year average increase since the 2012. In the U.S., management liability prices led the increases, up an average of 59% year-over-year, with more than 90% of clients seeing a price hike. Note: even as clients took on higher retention and lower limits, prices still tended to increase. Most insurance carriers retained their clients however, with not much carrier-switching this quarter. – Marsh Global Insurance Market Index, August 8, 2020


Exhitbit 3

2020 Carrier Responses

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Insurance Company AM Best’s Rating

Carrier Response

Euclid/ Hudson A (XV) Quoted the first excess program. $15M xs $10M

RLI Insurance A+ (XI) Quoted the Top Layer for Fiduciary and EPL stand alone.

Ullico/Markel Ins Co. A Quoted the Fiduciary renewal programs – Limit $10M (Primary)

Exhitbit 3

2019 Procurement Request: Carrier Responses

Insurance Company AM Best’s Rating Carrier Response

Arch Insurance Co., Axis Insurance Co., AIG Insurance Group, CNA Insurance Co.,

Hartford Insurance Co., Houston Casualty Insurance Co., Travelers Insurance Co.,

(Various) A - A+ (XV)

All of these carriers were unwilling to provide primary or excess options for coverage. They cited the underfunding, poor financial position of the state, size of the system and concern over “headline risk” as reasoning for their declinations.

Beazley Insurance Co. A++ (XV) Quoted the Cyber Liability (declined the Fiduciary)

Euclid/Hudson Insurance Co. A (XV) Quoted primary & excess program

Lloyds of London A (XV)Not willing to quote primary due to class of business (IL-based and an affiliate of the public pension industry)Quoted excess program

RLI Insurance Co. A+ (XV)

Not willing to quote primary due to class of business (IL-based and an affiliate of the public pension industry)

Quoted excess program

RSUI Indemnity Co. A+ (XV)



Starr Indemnity & Liability Co. A (XV)



Ullico/Markel Ins Co. A (XIV) Quoted primary program

XL Specialty Insurance Co. A (XV)Quoted terms; require a $100K retention and the pricing would be apx 30% more than the lead market

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Exhitbit 3

Important Policy Provision - Fiduciary

Coverage Provision

Name insured to include past/present/future Trustees & employees of the Fund Yes

Claims Made Policy Yes

Duty to DefendOptional (Responsibility of Defense is decided by the Insured)

Coverage for Spouses, Estates, Heirs, Legal Representatives or Assigns of an Insured Person

Yes

Provides coverage for past acts (provided the policy will not respond to previously known incidents that could reasonably give rise to a claim)

Yes

Non-Cancellable by carrier (except for non-payment of premium) Yes

HIPAA fines & penalties Full limit

Punitive Damages Where Insurable Under Law

Severability (Exclusions and Application) Yes

Waiver of RecourseYes (a $25 fee-per-trustee does NOT need to be collected)

Employment Practices Liability Yes ($1,000,000 limit; $35k retention)

Claim expenses included within the limit of liability (may include outside counsel, forensic accountants, actuaries, expert witnesses, etc.)

Yes

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Exhitbit 3

Important Exclusions - Fiduciary

Coverage Exclusion

Personal Profit/ Illegal RemunerationExcluded (although defense for allegations of such will bedefended until the act is finally adjudicated)

Criminal/Fraudulent Acts/Willful violation of any lawExcluded (although defense for allegations of such will bedefended until the act is finally adjudicated)

Bodily Injury, Personal Injury and Property Damage Excluded

Violations of any Workers Compensation, Unemployment Insurance, Social Security or similar Disability Benefits Law

Excluded

A demand, suit or other proceeding rendered against the Insured prior to the first date of inception of coverage

Excluded (multiple allegations that stem from a singlewrongful act will be treated as one claim under this policy,subject to the aggregate limit of liability)

Pollution or Pollutants Excluded

Contractual Liability of Others (other than contractual liability established by the Employee Benefit Plan)

Excluded

Benefits DueExcluded (provided this exclusion will allow coverage forclaims expenses and the portion of the claim that maybecome a personal obligation of an Insured Person)

Specific debt instruments or investments Not Excluded

Failure to Fund / Funding Exclusions Not Excluded

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Exhitbit 3

Program Options

Expiring Option 1 Option 2 Option 3 Option 4

Aggregate Limit for each coverage

Fiduciary Liability $30,000,000 $25,000,000 $30,000,000 $35,000,000 $40,000,000

Employment Practices $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000

Retentions/ Deductible per claim

Fiduciary Liability $0 $0 $0 $0 $0

Employment Practices $35,000 $35,000 $35,000 $35,000 $35,000

PREMIUM per policy

Fiduciary Liability $379,225 $334,979 $381,307 $427,635 $472,400

Employment Practices $11,000 $11,880 $11,880 $11,880 $11,880

ANNUALIZED PREMIUM $390,225 $346,859 $393,187 $439,515 $484,280

Change N/A (11%) <1% 13% 24%

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Exhitbit 3

Notes & Subjectivities - Fiduciary

Notes:

i. Coverage provided by:

a. Markel American Insurance Company (Administered by ULLICO) – Primary

b. Hudson Insurance Company (Administered by Euclid) – Excess Layer

c. RLI Insurance Company – Top Layer and EPL Stand Alone

ii. Annual aggregate limit of liability for all trustees;

iii. Retention/deductible applies to each claim;

iv. Prior & Pending Litigation date: Fiduciary: 07/02/2009

v. Assuming a $150K retention (for indemnifiable claims) would reduce any option above by $11,000

vi. Increasing the Employment Practices Liability to $2M would cost an additional $6,200 annually

vii. The Following Information Required to Issue Policies:

a. Nothing additional at this time

14


The premium, terms and conditions outlined in this document are strictly conditioned upon no material change in your risk as presented to underwritersoccurring between the date of this document and the inception date of the proposed policy or policies. In the event of such change in your risk including,but not limited to, the submission of a notice of claim (or circumstance that could give rise to a claim) to your current insurance carrier(s), the Insurer(s)offering the terms herein may, in its/their sole discretion, whether or not these terms have been already accepted by you and your organization, modifyand/or withdraw them, outright.

Exhitbit 3


Benchmarking

15

Peer Group: Public Pension Funds (including state &

municipal); between $25B and $50B in Assets;

Fiduciary Liability Insurance; peer group size =48

Limit Profile:

• 38% of peers purchase limits greater than $30M

• 24% of peers purchase limits >$20M up to and

including $30M

• 38% of peers purchase limits $20M or lower

Exhitbit 3

Current Coverage Profile of Similar Public Funds

16

IllinoisType Fund Size Limit of Liability Aprox. Premium Aprox. Rate

Chicago $ 1 Billion $10,000,000 $150,000 1.50%Chicago $ 1.5 Billion $10,000,000 $150,000 1.50%Chicago $ 3 Billion $15,000,000 $200,000 1.33%Chicago $ 5 Billion $15,000,000 $200,000 1.33%County Fund $ 10 Billion $15,000,000 $150,000 1.00%State Fund $ 14 Billion $15,000,000 $200,000 1.33%State Fund $ 18 Billion $20,000,000 $250,000 1.25%State Fund $ 20 Billion $20,000,000 $300,000 1.50%

Non-IllinoisType Fund Size Limit of Liability Aprox. Premium Aprox. Rate

County Fund $ 5 Billion $5,000,000 $200,000 4.00%County Fund $ 7 Billion $20,000,000 $200,000 1.00%State Fund $ 7 Billion $10,000,000 $200,000 2.00%City Fund $ 10 Billion $15,000,000 $150,000 1.00%County Fund $ 10 Billion $5,000,000 $50,000 1.00%State Fund $ 10 Billion $5,000,000 $75,000 1.50%State Fund $ 10 Billion $15,000,000 $100,000 0.67%State Fund $ 10 Billion $15,000,000 $150,000 1.00%City Fund $ 15 Billion $10,000,000 $200,000 2.00%County Fund $ 15 Billion $10,000,000 $200,000 2.00%State Fund $ 15 Billion $5,000,000 $50,000 1.00%City Fund $ 20 Billion $15,000,000 $300,000 2.00%State Fund $ 20 Billion $25,000,000 $100,000 0.40%State Fund $ 20 Billion $30,000,000 $300,000 1.00%State Fund $ 25 Billion $5,000,000 $200,000 4.00%State Fund $ 25 Billion $20,000,000 $200,000 1.00%State Fund $ 25 Billion $25,000,000 $300,000 1.20%State Fund $ 30 Billion $35,000,000 $500,000 1.43%State Fund $ 35 Billion $35,000,000 $500,000 1.43%State Fund > $ 100 Billion $75,000,000 $850,000 1.13%State Fund > $ 100 Billion $100,000,000 $1,000,000 1.00%

Exhitbit 3

Compensation & Premium

.Waiver of RecourseWith the enactment of ERISA in 1974, Trustees of employee benefit plans became personally liable for their acts on behalf of the participants of those plans.Fiduciary Liability Policies became very popular, but ERISA only allowed the Trust Funds themselves to purchase insurance to protect the funds - not therespective trustees. Therefore, a nominal fee was charged directly to the Trustees as a way to circumvent this provision.Although Public Pension Funds are not subject to ERISA law, the various state pension codes often follow in the “spirit of ERISA”. In addition, as the FiduciaryLiability policies were originally drafted to protect ERISA plans, the waiver provision followed across Non-ERISA plans.With that said, we have been successful in petitioning the carriers to waive their recourse to the trustees without having to charge, unless there is arequirement within the respective governing code. As Public Pension Codes typically have no such provision, we no longer need to charge the trustees for thewaiver of recourse. The trustees still retain the same full coverage as provided in the past.

CompensationAlliant Insurance Services, LLC is compensated for our risk management, insurance placement, marketing, policy issuance and other insurance services for this insurance program using a commission based compensation plan. As the different carriers provide distinct commission schedules, we have outlined the standard commission schedules from carriers that provide this insurance coverage. Please note that commissions paid do not influence our recommendations for coverage placements:

Insurance Company Standard Commission % Paid

Arch 15%

Axis 15%

AIG 15%

Chubb 15%

CNA 12.5%

Euclid 15%

Hartford 15%

Houston Casualty Company 15%

RLI 15%

Travelers 15%

Ullico 15%

XL 12.5%

17State Universities Retirement System of Illinois

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18

ENTREPRENEURIAL & DIVERSEThe Alliant Culture

38%Male

62%

Female

Minorities make up 22.3% of

the Alliant Workforce.

51%Female

Company-Wide Workforce

Executive/ Management Team

13%Minority

3%Veterans

Alliant's CEO, Tom Corbett, has pledged his support of the CEO Action for Diversity & Inclusion™ (CEOAction.com), the largest CEO-driven commitment to diversity and inclusion.

Exhitbit 3

Diversity and Inclusion


19

Diversity and Inclusion is one of our organization’s critical success factors. Our firm is focused on awareness, education and training, and mentorship in our efforts to hire, retain, and promote diverse employees. Our goals include establishing Employee Resource Groups (ERGs), providing training on issues such as unconscious bias, creating a D&I focused mentorship program, maintaining a continued commitment to in our hiring practices (we are an Affirmative Action employer), and fostering employee awareness.

The former slide and above statement being said, as the leader of the Management Liability and Organized Labor Practice Group, Itake this topic very seriously and I have double our efforts in hiring and mentoring women and minorities.

Specifically, I manage a ten person team that is made up of 40% women and 50% minorities. In addition, as we grow our employee base into the next few years, I am committed to growing these percentages even further.

I firmly believe in empowering my employees and all of these individuals referenced above are in client-interfacing roles and two of those individuals are in leadership positions.

We recognize that employing a diverse team will help drive positive change in our organization and have a lasting, positive impact on our industry and client base.

Exhitbit 3

Fiduciary Liability Insurance for Public Pension Funds

Fiduciary Liability Insurance for Public Pension FundsTrustees and staff members of governmental, municipal and quasi-governmental pension plans face increased exposure in their fiduciaryroles. Allegations of breaches of duty are costly to defend, and may result in personal liability of the trustees. Alliant Insurance Servicesexperts provide the following summary of typical fiduciary liabilities, and offer solutions to lessen your fiduciary exposure.

PENSION CODE STANDARDS & FIDUCIARY DUTIESThe fiduciary duties under most State Pension Codes mirror standards similar to those outlined in ERISA. These duties include acting solelyin the interest of the participants & beneficiaries, adhering to the so-called “prudent investor” standard and other provisions of the StatePension Code.

ENFORCING PROVISIONS & LIMITATIONS ON LIABILITYState Pension Codes, and ERISA law, typically provide that participants, beneficiaries, fiduciaries and/or the Attorney General may bring suitsto enforce fiduciary duties and other provisions of the respective Pension Code.These Pension Codes often do not provide limitations, or at least not complete limitations, on liability. They also make clear that litigationagainst fiduciaries is permissible. Fiduciaries that breach their duty can be held personally liable to make good to such Fund any lossesresulting from such breach.

INSURANCE AUTHORIZATION & INDEMNIFICATION PROVISIONSEach board and pension fund is often authorized to purchase insurance to protect against liability of trustees, staff and employees whichmay arise as a result of claims.

State Pension Codes generally permit, but do not guarantee, the indemnification of trustees and employees of the Fund – however, thisindemnification is provided for allegations other than willful misconduct or gross negligence (properly structured insurance programs willnot exclude allegations of willful misconduct or gross negligence).

IN SUMMARYState Pension Codes require fiduciaries to adhere to many of the same standards outlined in ERISA. Breaches of established fiduciary dutiesmay translate into personal liability for the trustees of public pension funds. These same Pension Codes allow for the purchase of insuranceto protect the plan, the trustees and the staff from such liability.Our professionals at Alliant Insurance Services, Inc.. are experienced in prudently structuring comprehensive fiduciary liability insuranceprograms to provide trustees with added protection in their roles as fiduciaries of public pension funds.

20


Exhitbit 3

Fiduciary Liability Insurance for Public Pension Funds

NAMED INSUREDThe Pension Fund and/or Retirement FundPast, present and futures trustees, directors & officers (including spouses and legal estate).Past, present and futures employees, staff, plan administrator (including spouses and legal estate).

INSURED WRONGFUL ACTSBreach of Fiduciary duties; violation of the responsibilities, obligations or duties imposed by Municipal, State or similar Pension CodeAny act error of omission in the performance of counseling participants, providing interpretations, handling records or effecting enrollment.

COVERAGE EXTENDS TO CLAIMSWritten demand for monetary and injunctive reliefCriminal or civil proceedings commenced by service of complaint, return of an indictment and/or agency or regulatory proceeding

LOSSES COVERED INCLUDEDamages; judgments; settlements; pre- & post- judgment interestDefense expenseCivil penalties associated with CAP, HIPPA, 502l or 502i

OTHER POLICY PROVISIONSAnnual policy period; annual aggregate limits of liability; higher limits available than those presentedClaims-Made coverage (provides coverage for claims arising from prior acts)Defense costs within the annual limit

NOTABLE EXCLUSIONSCoverage does not extend to: outside service vendors; benefits due the participants; fraudulent acts or illegal personal profit; failure to collectcontributions; bodily or property damage; failing to comply with Workers Comp, unemployment, Social Security.

21


Exhitbit 3

Claims Reporting and Important Disclosures

Important DisclosuresOur proposal is an outline of the coverage offered by the insurers, based on the information provided by your company – including but not limited to the insuranceApplication, which we have relied upon in preparing this proposal. If changes need to be made, please notify our office immediately. All changes are subject to review andacceptance by the insurance company. This proposal does not constitute a contract and does not include all the terms, coverage, exclusions, limitations, or conditions ofthe actual contract language. You must read the policies for those details. For your reference, policy forms will be made available upon request.

In addition to fees, commissions or other compensation retained by Alliant Insurance Services, Inc.. it is understood that in some circumstances other parties necessary toarrange placement of coverage may earn usual and customary commissions and/or fees in the course of providing insurance products. In addition, as is a common practicein the industry, Alliant Insurance Services, Inc.. benefits from programs implemented by certain insurers, wholesale brokers (property & casualty) and administrators(benefits) providing for compensation, in addition to commissions and fees, to be paid to Alliant Insurance Services, Inc.. based upon differing factors. This additionalcompensation may include non-cash awards and benefits. The insurance you purchase through Alliant Insurance Services, Inc.. may be issued by an insurer, wholesalebroker (property & casualty) or administrator (benefits) who has such a program. Further, Alliant Insurance Services, Inc.. may receive fees from premium financetransactions (property & casualty). Additionally, Alliant Insurance Services, Inc.. may share non-identifiable commercial insurance program data with third-parties forbenchmarking purposes (property & casualty). Should you have specific questions concerning Alliant Insurance Services, Inc..’ compensation or data sharing, please contactyour Alliant Insurance Services, Inc.. executive.

Claim ReportingThe ramification of the current insurance market condition from the claims prospective is that insurance carriers are much stricter in claims being reported promptly.Therefore, we recommend all of our clients inform us (or your appropriate carrier) as soon as possible when first made aware of an incident, accident, lawsuit, orcircumstance which could give rise to a claim.

What could happen if you delay reporting a new claim? The carrier could reserve rights against you and offer less than 100% of what is due. The claim could be denied in its entirety.

Prompt claim reporting begins with the immediate investigation into the facts and circumstances of an accident, work related injury or allegation. Every such incident, nomatter how minor, should be investigated as soon as possible. In order to assist you in preparing and reporting claims, Alliant Insurance Services maintains a directory ofaccident investigation forms and contact numbers for your insurers claim departments.If you have difficulty reporting any claim, you can also contact our claim department who will assist in filing the matter with the insurance company. You may call, fax oremail your claim materials to our office:

Phone: 312.595.6200 (avalable 24/7)Fax: 312.595.6506Email: [email protected]

22


Exhitbit 3

mailto:[email protected]

Best’s Insurance Reports

Best’s Insurance Reports, published annually by A. M. Best Company, Inc.., presents comprehensive reports on the financial position, history, andtransactions of insurance companies operating in the United States and Canada. Companies licensed to do business in the United States are assigned aBest’s Rating which attempts to measure the comparative position of the company or association against industry averages.

A Best’s Financial Strength Rating (FSR) is an opinion of an insurer’s ability to meet its obligations to policyholders. The Best’s Financial Strength Rating isbased on analysis, which gives consideration to a number of factors of varying importance. While the analysis is believed to be reliable, we cannotguarantee the accuracy of the rating or the financial stability of the insurance company.

A copy of the Best’s Insurance Report on the insurance companies quoted is available upon request.

Best’s Ratings Financial Strength Rating

Rating Modifier

Grade Description

A++, A+ Superior

A, A- Excellent

B++, B+ Good

B, B- Fair

C++, C+ Marginal

C, C- Weak

D Poor

E Under Regulatory Supervision

F In Liquidation

S Rating Suspended

Description

Class I $ 0 $1,000,000

Class II $1,000,000 $2,000,000

Class III $2,000,000 $5,000,000

Class IV $5,000,000 $10,000,000

Class V $10,000,000 $25,000,000

Class VI $25,000,000 $50,000,000

Class VII $50,000,000 $100,000,000

Class VIII $100,000,000 $250,000,000

Class IX $250,000,000 $500,000,000

Class X $500,000,000 $750,000,000

Class XI $750,000,000 $1,000,000,000

Class XII $1,000,000,000 $1,250,000,000

Class XIII $1,250,000,000 $1,500,000,000

Class XIV $1,500,000,000 $2,000,000,000

Class XV $2,000,000,000 or more

Modifier Descriptor Definition

u Under reviewA modifier that generally is event-driven (positive, negative or developing) and is assigned to a company whose Best’s rating opinion is under review and may be subject to change in the near-term, generally defined as six months.

pd Public dataAssigned to insurers that do not subscribe to Best’s interactive rating process. Best’s “pd” Ratings reflect qualitative and quantitative analyses using public data and information.

s Syndicate Assigned to syndicates operating at Lloyd’s. 23


Exhitbit 3

24


Exhitbit 3

LIMITED/INTERNAL

Memorandum

To: SURS Board of Trustees From: Martin Noven – Executive Director Date: July 31, 2020 Re: Remainder of 2020 Meeting Dates

Schedule of 2021-2022 Meetings Dates

2020 Thursday, October 15, 2020 9:00 a.m. - 5:00 p.m. Investment Committee Remote Meeting Board Meeting

Thursday, December 3, 2020 9:00 a.m. - 5:00 p.m. Committee Meetings Friday, December 4, 2020 9:00 a.m. - 1:00 p.m. Committee Meetings Remote Meeting Board Meeting

2021 Thursday, January 28, 2021 9:00 a.m. – 5:00 p.m. Investment Committee Friday, January 29, 2021 9:00 a.m. – 1:00 p.m. Investment Forum Chicago or Remote Meeting - TBD

Thursday, March 11, 2021 9:00 a.m. – 5:00 p.m. Committee Meetings Friday, March 12, 2021 9:00 a.m. – 1:00 p.m. Committee Meetings Champaign Board Meeting

Thursday, April 22, 2021 9:00 a.m. - 5:00 p.m. Investment Committee Chicago Board Meeting

Thursday, June 3, 2021 9:00 a.m. - 5:00 p.m. Committee Meetings Friday, June 4, 2021 9:00 a.m. - 1:00 p.m. Committee Meetings Chicago Board Meeting

Board Retreat – Date and Location TBD

Thursday, September 16, 2021 9:00 a.m. - 5:00 p.m. Committee Meetings Friday, September 17, 2021 9:00 a.m. - 1:00 p.m. Committee Meetings Champaign Board Meeting

Exhitbit 4

LIMITED/INTERNAL

Thursday, October 21, 2021 9:00 a.m. - 5:00 p.m. Investment Committee Champaign Board Meeting Thursday, December 2, 2021 9:00 a.m. - 5:00 p.m. Committee Meetings Friday, December 3, 2021 9:00 a.m. - 1:00 p.m. Committee Meetings Chicago Board Meeting 2022 Thursday, February 3, 2022 9:00 a.m. – 5:00 p.m. Investment Committee Friday, February 4, 2022 9:00 a.m. – 1:00 p.m. Investment Forum Chicago Thursday, March 10, 2022 9:00 a.m. – 5:00 p.m. Committee Meetings Friday, March 11, 2022 9:00 a.m. – 1:00 p.m. Committee Meetings Champaign Board Meeting Thursday, April 21, 2022 9:00 a.m. - 5:00 p.m. Investment Committee Chicago Board Meeting Thursday, June 2, 2022 9:00 a.m. - 5:00 p.m. Committee Meetings Friday, June 3, 2022 9:00 a.m. - 1:00 p.m. Committee Meetings Chicago Board Meeting Board Retreat – Date and Location TBD

Thursday, September 15, 2022 9:00 a.m. - 5:00 p.m. Committee Meetings Friday, September 16, 2022 9:00 a.m. - 1:00 p.m. Committee Meetings Champaign Board Meeting Thursday, October 20, 2022 9:00 a.m. - 5:00 p.m. Investment Committee Champaign Board Meeting Thursday, December 8, 2022 9:00 a.m. - 5:00 p.m. Committee Meetings Friday, December 9, 2022 9:00 a.m. - 1:00 p.m. Committee Meetings Chicago Board Meeting

Exhitbit 4

SURS Governance Document Review: Priority Topics for Discussion

Presented by: Michael P. Calabrese

Foley & Lardner LLP555 South Flower StreetSuite 3300Los Angeles, CA 90071

Exhitbit 5

Governance Document Review: Priority Topics for Discussion

1. Delineation of Duties Amongst Board, Chair, Committees, and ED/Staff

Clarifying which body or position is responsible for what, in detail

Considering whether Committees, and/or their Chairs, should have delegated authority independent of the full Board

Ensuring that there are no conflicts or ambiguities amongst multiple documents addressing these questions

Addressing gaps and conditional situations, such as where a responsibility that would normally rest with the Board must be addressed too quickly for the Board or Executive Committee to meet

Providing for reporting and consultation

2

Exhitbit 5


2. Role and Relationships of the General Counsel

Defining both the employment reporting relationship and the attorney-client relationship

Balancing accountability with the need for independent judgment

Providing key persons with unfettered access to advice and guidance

3

Exhitbit 5


3. Role and Relationships of the Audit Committee and Internal Auditor

Ensuring scrutiny and oversight

Providing unfettered access to necessary documents and information

Guaranteeing the Internal Auditor direct access to the Board and/or Chair, where needed

Ensuring regular review of policies, practices, and compliance

4

Exhitbit 5


4. Delegation of Investment Authority to Staff

Consider whether it is appropriate for the CIO/Staff to be able to make some investments without prior Board approval. If so:

Define the limits of that authority

Consider whether different delegation decisions make sense for different types of investments or asset classes

Reporting and ongoing oversight

What if the Board disagrees with a decision the Staff makes pursuant to delegated authority?

5

Exhitbit 5


5. When and How Should the Board and Committees Meet?

Do quarterly meetings provide the Board enough engagement? Would more frequent, shorter meetings with lighter agendas be more effective?

Should Committee meetings be more separated from full Board meetings?

In time (e.g. Committee meetings a few weeks before full Board meetings)

In function (i.e. Committee deep dives by members who specialize in a given subject matter, reducing the burden on the full Board)

Should participation in Committee meetings by non-members be reconsidered?

Rules of Order

6

Exhitbit 5


6. Defining the Subject Matter Jurisdiction of Committees

Do we have the right Committees? Are some subject matters not covered that should be?

How can we best align the various committees’ functions and subject matter responsibility, to ensure appropriate balance of work and oversight

7

Exhitbit 5

Questions?

8

Exhitbit 5

LIMITED/INTERNAL

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

FOIA Number

Name Affiliation (if any)

Information Requested Date Responded

Commercial Request?

2020-78 Nanette Lee Preqin Requested a list of hedge funds and fund of hedge funds in which SURS is an investor; month by month market value of the holding in each fund from October 1 2019 to December 31 2019; the month by month amount invested in each fund from October 1 2019 to December 31 2019, and the month by month net returns (net of fees) earned on its investment in each fund from October 1 2019 to December 31 2019.

6-9-2020 Yes

2020-79 E. Thomas Ryder

Ryder and Associates

Requested the QILDRO status of an annuitant. 5-20-2020 No

2020-80 Erica Shery None listed Requested the names of software, software as a service and data providers being utilized by the investment department including annual cost of each product subscription identified, ff a different payment structure is being utilized, please provide details, the next renewal date for each product identified, the names of any custodian bank(s) servicing SURS, names and details for any additional cost for portfolio management/monitoring software provided via custodian relationships identified, details for any investment consultants used by SURS including name of consultant, asset classes for which consultant advises, and nature of relationship (discretionary/non-discretionary).

6-9-2020 No

2020-81 Debbie Gregory

eVestments Requested materials from the June 4, 2020 quarterly meeting of the Investment Committee.

6-9-2020 Yes

2020-82 Christine Williamson

Pensions & Investment

Requested copies of reports distributed to the board of trustees at recent investment committee meeting.

6-17-2020 No

2020-83 Chad Jordan

Illinois Education Association

Requested information on active members (name, employer, pensionable salary, eligible retirement date and FTE data).

6-15-2020 No

Exhitbit 6

LIMITED/INTERNAL

2020-84 Matt McCue

Financial News Requested documents from the June 4 investment committee meeting. 6-17-2020 No

2020-85 Nick Wlezien

None listed Requested investment holdings records from SURS, snapshots of all investment holdings (stocks, bonds, venture capital, private equity, real estate, student loans, corporate loans, ABS, MBS, RMBS, CDOs/CLOs, and any other structured finance products) for March 31, 2020 (or the most recent date available). Please include all pertinent details such as CUSIP, security name, cost basis, market value, and par value for all holdings.

6-19-2020 No

2020-86 Jack Elbaum

None listed Requested a copy of the documents containing information regarding dollar amounts divested at the direction of the Illinois Investment Policy Board due to Illinois State Law from companies that boycott Israel, as referring to money divested as a result of Public Act 099-0128.

6-23-2020 No

2020-87 Marcy Strain

None listed Requested information concerning a SURS member. 7-7-2020 No

2020-88 Jack Elbaum

None listed Requested a copy of the documents containing information regarding dollar amounts divested at the direction of the Illinois Investment Policy Board due to Illinois State Law from companies that boycott Israel, referring to money divested as a result of Public Act 099-0128, for the years 2015 through 2019.

6-25-2020 No

2020-89 Susan Kalter

Illinois State University

Requested all contracts associated with the current SMP and the new RSP, including the contracts with TIAA, Fidelity and the contracts with Voya, Alliance Bernstein, and any other entities associated with this conversion of the SMP to an RSP.

7-14-2020 No

2021-01 Ben Zigterman

News Gazette Requested information concerning a SURS member. 7-15-2020 No

2021-02 David Sepkoski

None listed Requested all documents relating to SURS decision to mandate Voya Financial as the sole provider for the Self-Managed plan. This request includes any and all emails, memoranda, notes or transcripts of meetings and discussions, both internal and external (i.e., with representatives of Voya and/or other management firms), or any other documents or records pertaining to the decision a) to terminate agreements with TIAA and Fidelity Investments, and b) specifically to contract with Voya Financial as the sole provider. This request should be considered to apply to all employees of SURS who have participated in this decision process.

7-10-2020 No

Exhitbit 6

LIMITED/INTERNAL

2021-03 Justin Wilson

The Raben Group Requested diversity data from the investment consultant firms servicing SURS.

7-20-2020 No

2021-04 Oliver Taylor

Proxy Insight Requested proxy voting records of SURS for the period of January 1, 2020 June 30, 2020.

8-3-2020 Yes

2021-05 Warren Richards

Southern Illinois University

Edwardsville

Requested the number of SURS annuitants from SIU Edwardsville, the number of those who live in the St. Louis Metropolitan Statistical Area (MSA), the amount paid during the last fiscal year to SIUE annuitants and the dollar amount paid to SIUE annuitants residing in the St. Louis MSA.

7-17-2020 No

2021-06 Nick Wlezien

None listed Requested investment holdings records from SURS. snapshots of all investment holdings (stocks, bonds, venture capital, private equity, real estate, student loans, corporate loans, ABS, MBS, RMBS, CDOs/CLOs, and any other structured finance products) of SURS for June 30, 2020). Please include all pertinent details such as CUSIP, security name, cost basis, market value, and par value for all holdings.

8-4-2020 No

2021-07 Mark Shelden

None listed Requested a list of SURS annuitants, with pension amount, and a list of all SURS members who are currently paying into SURS as employees of a SURS institution, including the amount they paid in for a given time period (month or year) and the member institution that they worked for.

8-7-2020 No

Exhitbit 6

LIMITED/INTERNAL

2021-08 Anna Martinen

None listed Requested copies of documents for the period 1st January 2017 to present for fund relationships that contains the list of names of your current fund investments in private equity, private debt, real estate or infrastructure, that contains the original commitment amounts you made to any of these fund investments, and data on secondary activity, whether you have ever bought or sold any private equity, private debt, real estate or infrastructure fund interests in the secondaries market. (i.e. have you bought or sold anything in the secondaries market) if so, any documents pertaining to the price in relation to NAV that the interest or interests we transacted at. (i.e. what was the price) if so, any documents pertaining to the identity of the counter-party with whom the interest(s) were transacted (i.e. who was the buyer or seller), if so, any documents pertaining to the identity of any intermediary involved in the process, if so, any documents pertaining to any fees paid to any intermediaries involved in the process, in the case of a sale, any documents pertaining to any other (e.g. possibly lower offers) that were received for the same interest(s) either from an intermediary or directly from a buyer or the GP. (i.e. we want to know the range of offers that were received for any sales that you did), irrespective of whether you have bought or sold, any documents pertaining to solicited or unsolicited in-bound "binding" offers or bids from you, buyers, sellers or intermediaries seeking to transact funds with you or you seeking to transact with them. Potential documents relevant to this request include but are not limited to: (i) Binding bid letters received either physically or via email or sent by you as part of your bidding process. For the avoidance of doubt, we are NOT interested in non-binding or vague solicitations, (ii) Purchase and Sale Agreements completed with relevant buyers or sellers. (We are not interested in primary commitments / subscriptions letters, only sale agreements with respect to secondary transactions). Relevant documents shall include, inter alia, any emails, letters or contracts held by SURS.

8-4-2020 No

2021-09 Carol Thompson

CBS WBBM Chicago

Requested number of SURS retirees by position and institution between January 1 and July 31 by year for each year from 2016 through 2020, and indicate month retirement process was initiated.

8-7-2020 No

2021-10 JP Aubry Boston College Center for Retirement Research

Requested documentation on capital market assumptions from March 2020.

8-7-2020 No

Exhitbit 6

LIMITED/INTERNAL

2021-11 JP Aubry Boston College Center for Retirement Research

Requested documentation on capital market assumptions from 2001 through request of FOIA 2021-10.

8-24-2020 No

2021-12 Zheni Gusho

Bloomberg Requested documentation on private equity, private debt, real assets, and real estate, reported by fund for the last four quarters, the following data: fund name, vintage year, commitment date, and committed capital, invested capital, distributions, current market value, since inception net IRR and MOIC, hedge funds and multi-asset strategies, the following data reported by fund for the current portfolio holdings: fund name, investment strategy, fund domicile, initial allocation size, funding date, and current market values and performance/returns since inception.

8-20-2020 No

2021-13 Sheva Erenberg

ICMA-RC Requested FOIA information from RFP for Recordkeeping Services and Investment Services for the SURS 401(a) and 457(b) Retirement Plans with an issue date of January 21, 2019.

8-21-2020 No

2021-14 Marissa Brewer

None listed Requested a list of all deceased SURS members including name, age, and date of death whose deaths occurred from January 1, 2020 to June 30, 2020 for the following SURS covered employers: University of Illinois at Urbana-Champaign, State Universities Civil Service System, SURS, University of Illinois Alumni Association and University of Illinois Foundation.

8-21-2020 No

2021-15 Susan Kalter

Illinois State University

Requested all contracts associated with the current SMP and the new RSP, including the contracts with TIAA, Fidelity and the contracts with Voya, Alliance Bernstein, and any other entities associated with this conversion of the SMP to an RSP.

Pending No

2021-16 Haley Parker

Preqin Requested distribution data as of December 31, 2019, including all such partnerships, i.e. private equity, venture capital, distressed debt, mezzanine, fund of funds, real estate, natural resources and private debt investments.

Pending Yes

Exhitbit 6

LIMITED/INTERNAL

Date: September 10, 2020 To: Board of Trustees From: Tara R. Myers Re: SURS Variance Analysis – 4th Quarter Fiscal Year 2020 Administrative Expenses

Attached is the Summary of Administrative Expenses and Capital Expenditures of the State Universities Retirement System financial activity as of the 4th Quarter of Fiscal Year 2020 (July 1, 2019 – June 30, 2020). The total non-capital variance is under budget by 14.7%. Below is the explanation of the significant variances.

Expense Line Item Variance Explanation Salaries & Wages Under by $487,284 Not all positions were filled in the current year.

Budget is based on full staffing. Statistical & Tabulation- Operations/Application

Under by $582,290 There were some projects that either did not come to fruition, got a late start causing the spend carried over into FY21 or the project had substantial savings compared to the budget.

Actuarial Consultant Under by $162,930 The actuaries were not utilized as much as expected for special projects.

Professional & Artistic Services

Under by $372,501 FY20 Budget included $200k for a consultant that was not hired. Instead, the planned work will be done as part of the Voya project. Recruiting firms were also not utilized as much as expected in FY20.

Building and ground maintenance

Under by $332,741 FY20 Budget was high due an over-estimate of the cost related to 1801. This account was also offset by the Rental Income received ($107k) on the 1801 building which was not accounted for in the budgeting process.

Utilities Under by $77,480 FY20 Budget was high and the COVID shut down reduced utilization.

Surety, bond & insurance Over by $58,193 The Board voted to increase the limits for Cyber and Fiduciary insurance coverage.

Conference fees & expenses Under by $52,954 Actual expenses were down primarily due to COVID related restrictions.

Exhitbit 7

LIMITED/INTERNAL

Employee Training/Tuition Under by $53,205 Actual expenses were down primarily due to COVID related restrictions.

Travel Under by $79,195 Actual expenses were down primarily due to COVID related restrictions.

Rental, Phone Services/Equip

Over by $57,817 Cost related to the Call Center Cloud services were budgeted in a different account but belong in this line item.

Exhitbit 7

STATE UNIVERSITIES RETIREMENT SYSTEMSUMMARY OF EXPENSESPRELIMINARY

July 1, 2019 - June 30, 2020

Y-T-D Y-T-D PriorAdministrative Expenses Budget Actual Year $ %

ITEM:Personal services:Salaries & Wages 10,078,175$ 9,590,891$ 8,258,578$ 487,284$ 4.8%Employee's group health insurance 2,817,758 2,446,429 2,412,340 371,329 13.2%Retirement contributions 1,264,310 1,143,873 953,693 120,437 9.5%Medicare 144,901 141,772 110,418 3,129 2.2% Total Personal Services 14,305,144 13,322,965 11,735,029 982,179 6.9%

Contractual services:Freight, express & drayage 4,800 3,131 4,191 1,669 34.8%Repairs & maintenance, equipment 11,200 10,489 10,007 711 6.3%Repairs & maintenance EDP 84,479 77,891 46,137 6,588 7.8%Statistical & tabulation-Admin 18,866 18,866 407,343 0 0.0%Statistical & tabulation-Ops/Apps 2,337,611 1,755,321 569,447 582,290 24.9%Medical consultant fees 9,360 4,126 4,422 5,234 55.9%Auditing & management services 55,490 46,828 51,621 8,662 15.6%Legal counsel 340,000 288,491 220,495 51,509 15.1%Actuarial Consultant 337,210 174,280 268,431 162,930 48.3%Professional & artistic services 831,854 459,353 657,283 372,501 44.8%Building and ground maintenance 467,716 134,975 205,137 332,741 71.1%Utilities 184,581 107,101 111,666 77,480 42.0%Postage 200,320 152,641 151,547 47,679 23.8%Surety, bond & insurance 411,959 470,152 401,732 (58,193) -14.1%Subscriptions/information services 61,020 37,871 38,083 23,149 37.9%Board Travel 30,000 18,477 28,830 11,523 38.4%Board Meeting Expenses 15,000 11,630 14,297 3,370 22.5%Conference fees & expenses 76,150 23,196 15,813 52,954 69.5%Association dues 43,035 48,024 40,077 (4,989) -11.6%Employee Training, Tuition 92,636 39,431 38,402 53,205 57.4%Copying, photographic & printing 37,950 31,557 27,335 6,393 16.8%Travel 133,995 54,800 91,793 79,195 59.1%Printing 22,500 21,004 18,430 1,496 6.6%Office & library supplies 52,800 43,549 49,426 9,251 17.5%EDP Supplies and Equipment 141,000 98,093 83,452 42,907 30.4%Office Rental 20,144 20,144 20,144 (0) 0.0%Rental, phone services/equipment 136,196 194,013 131,252 (57,817) -42.5% Total Contractual Services 6,157,872 4,345,434 3,706,793 1,812,438 29.4%Depreciation 1,135,000 759,094 641,766 375,906 33.1% TOTAL 21,598,016 18,427,493 16,083,588 3,170,523 14.7%

Capital Expenditures 1,574,445 1,389,772 4,328,567 184,673 11.7%

Under (Over) Budget

#RESTRICTED

Exhitbit 7

Check ReportSTATE UNIV RETIREMENT SYSTEM Page 108-25-2020

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 7



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 7



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 7



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

64424 02-20-2020 39.98 NEWEGG.COM SUPPLIES64425 02-20-2020 65.00 PIATO CAFE, INC. BOXED LUNCHES64426 02-20-2020 2,370.71 RR DONNELLEY CHECK STOCK64427 02-20-2020 48.61 ULINE SHARPS WIRE BASKET64428 02-20-2020 61.69 UNITED PARCEL SERVICE FREIGHT FEB3-7 202064429 02-20-2020 579.81 WAUSAU CHECK SCANNER64430 02-25-2020 25.00 ACCESS LOCKSMITHS & SECURITY KEYS64431 02-25-2020 5.00 AMERICAN MESSAGING FEB 2020 PAGER SVC64432 02-25-2020 311.89 CARAHSOFT TECHNOLOGY CORP. PURECLOUD64433 02-25-2020 195.00 CHEMICAL MAINTENANCE, INC. BATHROOM SUPPLIES64434 02-25-2020 8,485.96 CITY OF CHAMPAIGN MID26477-REFUND EE & ER64435 02-25-2020 51.81 INSIGHT PUBLIC SECTOR SUPPLIES64436 02-25-2020 60.00 MAGNETIC PRODUCTS & SERV., INC LABELS64437 02-25-2020 317.40 NEOPOST USA INC ONLINE POSTAGE64438 02-25-2020 1,673.00 PENSIONS & INVESTMENTS 2020 SUBSCRIPTION64439 02-25-2020 219.00 SHRM DUNN-2020 ANNUAL MEMBERSH64440 02-25-2020 200.00 UNIVERSITY OF ILLINOIS - UIUC 2020 SPRING CAREER FAIR64441 02-25-2020 72.15 UNITED PARCEL SERVICE FREIGHT FEB10-14 202064442 02-25-2020 424.02 DAVID GALLIVAN STALE DATE CHECK64443 02-27-2020 177.08 AFLAC STAFF PYRL DEDUCTION64444 02-27-2020 970.00 TECHNOLOGY MANAGEMENT REV FUND T2222476 JAN 2020 ICN CON64445 02-27-2020 2,370.47 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64446 02-27-2020 12,484.64 DEF COMP PLAN FUND DEFCOM STAFF PYRL DEDUCTI

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

64482 03-10-2020 1,416.97 AT&T FEB16-MAR15 2020 INTERNET64483 03-10-2020 168.11 TECHNOLOGY MANAGEMENT REV FUND S6930000 JAN 2020 CMS FUN64484 03-10-2020 71,000.00 ENCHOICE 2020 MANAGED SERVICES

03-10-2020 ENCHOICE PROJECT MOBILIZATION #164485 03-10-2020 624.13 ILLINOIS AMERICAN WATER 1801 JAN17-FEB18 2020 WAT

03-10-2020 ILLINOIS AMERICAN WATER 1901 JAN17-FEB18 2020 WAT64486 03-10-2020 2,281.40 INSIGHT PUBLIC SECTOR SUPPLIES

03-10-2020 INSIGHT PUBLIC SECTOR SUPPLIES03-10-2020 INSIGHT PUBLIC SECTOR #6873-82 MONITORS

64487 03-10-2020 265.00 PIATO CAFE, INC. MAR3 2020 BOXED LUNCHES03-10-2020 PIATO CAFE, INC. MAR4 2020 BOXED LUNCHES03-10-2020 PIATO CAFE, INC. MAR6 2020 BOXED LUNCHES

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

03-10-2020 SQUIRE PATTON BOGGS DEC 2019 LEGAL SVC-NORTHERN TR64490 03-10-2020 3,395.33 ILLINOIS BUSINESS INNOVATION SHARPENING PRESENTATION64491 03-10-2020 515.09 CAROL PERRY STALE DATE CHECK64492 03-12-2020 177.08 AFLAC STAFF PYRL DEDUCTION64493 03-12-2020 298.16 AREA DISPOSAL SERVICE, INC. MAR 2020 TRASH SVC64494 03-12-2020 2,370.47 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64495 03-12-2020 12,559.64 DEF COMP PLAN FUND DEFCOM STAFF PYRL DEDUCTI

03-12-2020 DEF COMP PLAN FUND ROTH STAFF PYRL DEDUCTION64496 03-12-2020 123,082.31 IL DEPT OF CENTRAL MGMT SVCS ER PREMIUM PPE03092064497 03-12-2020 15,698.75 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64498 03-12-2020 2,252.29 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64499 03-12-2020 321.78 COMCAST CABLE & INTERNET MAR 2020 TV & INTERNET64500 03-12-2020 452.57 HONEYWELL INC. APR 2020 TEMP CONTROL64501 03-12-2020 175.24 ILLINOIS STATE DISBURSEMENTS 96-D-490 JOHNSON PYRL DED64502 03-12-2020 220.00 UNITED STATES POSTAL SERVICE NAPERVILLE POSTAGE64503 03-13-2020 443.90 CHASE CARD SERVICES JAN25-FEB24 2020 CREDIT C64504 03-26-2020 25,500.00 ADJACENT TECHNOLOGIES, INC FILENET64505 03-26-2020 177.08 AFLAC STAFF PYRL DEDUCTION64506 03-26-2020 1,352.00 ALPHA CONTROLS & SERVICES LLC REPLACE INVERTER BOARD64507 03-26-2020 15.00 AMERICAN MESSAGING MAR 2020 PAGER SVC64508 03-26-2020 1,571.77 CARAHSOFT TECHNOLOGY CORP. PURECLOUD

03-26-2020 CARAHSOFT TECHNOLOGY CORP. PURECLOUD64509 03-26-2020 2,370.47 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION

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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

64511 03-26-2020 123,665.22 IL DEPT OF CENTRAL MGMT SVCS ER PREMIUM PPE03232064512 03-26-2020 15,812.25 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64513 03-26-2020 2,251.97 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64514 03-26-2020 306.00 COMMON BREWER-ANNUAL MEMBERSHIP

03-26-2020 COMMON JORDAN-ANNUAL MEMBERSHIP64515 03-26-2020 175.24 ILLINOIS STATE DISBURSEMENTS 96-D-490 JOHNSON PYRL DED64516 03-26-2020 6,151.50 INSURANCE AUDIT AND INSPECTION INSURANCE RISK MGMT CONSU64517 03-26-2020 85.44 WINDSTREAM FEB4-MAR3 2020 PHONE SVC64518 03-26-2020 55.00 PIATO CAFE, INC. MAR13 2020 BOXED LUNCHES64519 03-26-2020 1,479.83 SECOND EXECUTIVE PARK FEB 2020 SNOW REMOVAL

03-26-2020 SECOND EXECUTIVE PARK MAR 2020 MOWING64520 03-26-2020 7,187.31 SERVICEMASTER JANITORIAL APR 2020 JANITORIAL SVC64521 03-26-2020 9,000.00 SIKICH LLP FEB 2020 CENSUS DATA TEST64522 03-26-2020 1,638.11 STAPLES BUSINESS CREDIT OFFICE SUPPLIES64524 03-26-2020 1,289.67 UNIVERSITY OF ILLINOIS @00873227 FEB 2020 CARPOO64525 03-26-2020 166.07 UNITED PARCEL SERVICE FREIGHT FEB24-28 2020

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 108-25-2020

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 XPONANCE, INC. 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

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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

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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 7

LIMITED/INTERNAL

State Universities Retirement System of Illinois Expense Certification

August 11, 2020

To: SURS Board of Trustees

This monthly invoice voucher certification is specifically incorporated into and made part of the invoice voucher summaries listed below, the same as if certified at the time the vouchers were paid. The signing of this certification constitutes a signing and certification of all and each voucher.

We certify the goods, services, expenses, benefits or payroll specified on this voucher were for the use of the State Universities Retirement System and that the expenditure for such goods or services were authorized by the Board and lawfully incurred.

Date Amount Check Numbers or EFT Expense Type March 3 – 30, 2020 $10,465,586.02 1599016 – 1600434,

EFT Daily Benefits

March 13, 2020 $295,879.56 EFT Staff Payroll March 27, 2020 $301,324.39 EFT Staff Payroll March 2 – 31, 2020 $3,846,620.00 64456 – 64527,

EFT Administrative

Expenses March 1, 2020 $1,034,036.95 EFT Excess Benefit

Arrangement March 1, 2020 $1,530,917.81 1597976 – 1598893 Monthly Benefits March 1, 2020 $188,832,395.27 EFT Monthly Benefits February 29, 2020 $1,333,728.80 EFT Monthly Benefits Total $207,640,488.80

_______________________ _________ _____________________ _________ Executive Director/Secretary Date Chief Financial Officer Date

8/12/2020 8/12/2020

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64528 04-02-2020 42.00 ABRAHAM LINCOLN LIB FOUNDATION CURTIS-Q4 2019 CONTRIBUTI04-02-2020 ABRAHAM LINCOLN LIB FOUNDATION CURTIS-Q1 2020 CONTRIBUTI

64529 04-02-2020 15,567.93 AFSCME CHAPTER 31 ANNUITANT DEDUCTION64530 04-02-2020 1,416.97 AT&T MAR16-APR15 2020 INTERNET64531 04-02-2020 7,113.04 BLACK HAWK COLLEGE ANNUITANT DEDUCTION64532 04-02-2020 7,746.61 CARAHSOFT TECHNOLOGY CORP. PURECLOUD

04-02-2020 CARAHSOFT TECHNOLOGY CORP. PURECLOUD64533 04-02-2020 750.00 CHAMPAIGN HUMANE SOCIETY CAGLE-Q4 2019 CONTRIBUTIO

04-02-2020 CHAMPAIGN HUMANE SOCIETY CAGLE-Q1 2020 CONTRIBUTIO64534 04-02-2020 2,696,529.14 IL DEPT OF CENTRAL MGMT SVCS ANNUITANT DEDUCTION64535 04-02-2020 2,948.00 COOK CO COLLEGE TEACHERS UNION ANNUITANT DEDUCTION64536 04-02-2020 150.00 CRISIS NURSERY DUNN-Q4 2019 CONTRIBUTION

04-02-2020 CRISIS NURSERY DUNN-Q1 2020 CONTRIBUTION64537 04-02-2020 390.00 EASTERN ILLINOIS FOODBANK DUNN-Q4 2019 CONTRIBUTION

04-02-2020 EASTERN ILLINOIS FOODBANK WILLOUGHBY-Q4 2019 CONTRI04-02-2020 EASTERN ILLINOIS FOODBANK DUNN-Q1 2020 CONTRIBUTION04-02-2020 EASTERN ILLINOIS FOODBANK WILLOUGHBY-Q1 2020 CONTRI

64538 04-02-2020 750.00 GARY SINISE FOUNDATION CAGLE-Q4 2019 CONTRIBUTIO04-02-2020 GARY SINISE FOUNDATION CAGLE-Q1 2020 CONTRIBUTIO

64539 04-02-2020 420.63 ILLINOIS VALLEY COMM COLLEGE ANNUITANT DEDUCTION64540 04-02-2020 1,224.73 INTERNAL REVENUE SERVICE XXX-XX-0383 APR 2020 PMT64541 04-02-2020 2,165.67 LAKE LAND COLLEGE ANNUITANT DEDUCTION64542 04-02-2020 253.04 NEWEGG.COM SUPPLIES64543 04-02-2020 3,323.29 PARKLAND COLLEGE ANNUITANT DEDUCTION64544 04-02-2020 60.00 PET PARTNERS POUILLIARD-Q1 2020 CONTRI64545 04-02-2020 120.00 SALT & LIGHT DUNN-Q4 2019 CONTRIBUTION

04-02-2020 SALT & LIGHT DUNN-Q1 2020 CONTRIBUTION64546 04-02-2020 984.77 SECOND EXECUTIVE PARK MAR 2020 GEESE CONTROL

04-02-2020 SECOND EXECUTIVE PARK FEB 2020 SALT USUAGE04-02-2020 SECOND EXECUTIVE PARK FEB 2020 SNOW REMOVAL

64547 04-02-2020 60.00 SPECIAL OLYMPICS ILLINOIS POUILLIARD-Q1 2020 CONTRI64548 04-02-2020 42.00 STEPHENS FAMILY YMCA CURTIS-Q4 2019 CONTRIBUTI

04-02-2020 STEPHENS FAMILY YMCA CURTIS-Q1 2020 CONTRIBUTI64549 04-02-2020 25,890.25 STATE UNIV. ANNUITANTS ASSN. ANNUITANT DEDUCTION64550 04-02-2020 1,326.79 TRITON COLLEGE ANNUITANT DEDUCTION64551 04-02-2020 60.00 UNITED WAY OF DANVILLE AREA POUILLIARD-Q1 2020 CONTRI64552 04-09-2020 20.00 CARLOS AULET RETIREMENT SEMINAR REFUND64553 04-09-2020 177.08 AFLAC STAFF PYRL DEDUCTION64554 04-09-2020 6,262.19 AMEREN ILLINOIS 1901 MAR 2020 ELECTRIC

04-09-2020 AMEREN ILLINOIS 1801 MAR 2020 GAS04-09-2020 AMEREN ILLINOIS 1801 MAR 2020 GAS04-09-2020 AMEREN ILLINOIS 1801 MAR 2020 ELECTRIC04-09-2020 AMEREN ILLINOIS 1801 MAR 2020 GAS

64555 04-09-2020 30.00 STEVEN BUSHONG RETIREMENT SEMINAR REFUND64556 04-09-2020 .82 DOMNIQUE MCDONALD MID1037273 OVP REFUND64557 04-09-2020 20.00 STACEY BENNETT RETIREMENT SEMINAR REFUND64558 04-09-2020 30.00 MARTHA BERGREN RETIREMENT SEMINAR REFUND64559 04-09-2020 30.00 LEZLI CLINE RETIREMENT SEMINAR REFUND64560 04-09-2020 847.06 CHASE CARD SERVICES CREDIT CARD64561 04-09-2020 2,370.47 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64562 04-09-2020 12,386.63 DEF COMP PLAN FUND DEFCOM STAFF PYRL DEDUCTI

04-09-2020 DEF COMP PLAN FUND ROTH STAFF PYRL DEDUCTION64563 04-09-2020 125,424.85 IL DEPT OF CENTRAL MGMT SVCS ER PREMIUM PPE04062064564 04-09-2020 15,896.00 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64565 04-09-2020 2,263.75 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64566 04-09-2020 20.00 ROSE D'AGOSTINI RETIREMENT SEMINAR REFUND64567 04-09-2020 20.00 SYLVIA EMERSON RETIREMENT SEMINAR REFUND64568 04-09-2020 30.00 JENNIFER FRANK RETIREMENT SEMINAR REFUND64569 04-09-2020 20.00 TODD GRIMM RETIREMENT SEMINAR REFUND64570 04-09-2020 30.00 DOUGLAS GHERNA RETIREMENT SEMINAR REFUND64571 04-09-2020 20.00 SYLVIA IRIZARRY RETIREMENT SEMINAR REFUND64572 04-09-2020 331.38 ILLINOIS AMERICAN WATER 1801 FEB19-MAR18 WATER

04-09-2020 ILLINOIS AMERICAN WATER 1901 FIRE SVC

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64573 04-09-2020 175.24 ILLINOIS STATE DISBURSEMENTS 96-D-490 JOHNSON PYRL DED64574 04-09-2020 8,962.32 INSIGHT PUBLIC SECTOR LAPTOPS & MONITORS64575 04-09-2020 20.00 YVONNE JOHNSON RETIREMENT SEMINAR REFUND64576 04-09-2020 9,475.60 K&L GATES LLP FEB 2020 LEGAL SVC-GLOBEFLEX

04-09-2020 K&L GATES LLP FEB 2020 LEGAL SVC-CROW HOLDIN64577 04-09-2020 30.00 ELZBIETA VALDIS-KACZOR RETIREMENT SEMINAR REFUND64578 04-09-2020 20.00 PAMELA LOWERY RETIREMENT SEMINAR REFUND64579 04-09-2020 20.00 ANITA LEWIS RETIREMENT SEMINAR REFUND64580 04-09-2020 30.00 LOURDES MENDOZA RETIREMENT SEMINAR REFUND64581 04-09-2020 20.00 GAYLEN MCCLENAGAN RETIREMENT SEMINAR REFUND64582 04-09-2020 99.00 MEYER CAPEL FEB 2020 LEGAL SVC-EMP BEN/TAX64583 04-09-2020 93.85 NEWEGG.COM SUPPLIES

04-09-2020 NEWEGG.COM SUPPLIES64584 04-09-2020 20.00 CAROLYN POWERS RETIREMENT SEMINAR REFUND64585 04-09-2020 30.00 JULIANNE ROWEN RETIREMENT SEMINAR REFUND64586 04-09-2020 14,000.00 SIKICH LLP MAR 2020 CENSUS DATA TEST64587 04-09-2020 1,784.62 UNIVERSITY OF ILLINOIS @00873227 MAR 2020 CARPOO

04-09-2020 UNIVERSITY OF ILLINOIS @00873227 MAR 2020 CARPOO64588 04-09-2020 220.00 UNITED STATES POSTAL SERVICE NAPERVILLE POSTAGE64589 04-09-2020 9.55 WALZ LABEL AND MAILING SYSTEMS CERTIFIED LABELS64590 04-09-2020 800.00 KENNETH WILLIAMS STALE DATE CHECK64591 04-09-2020 111.28 ANITA MILLER STALE DATE CHECK64592 04-09-2020 180.29 MICHAEL S MORGAN STALE DATE CHECK64593 04-09-2020 3,556.61 ROGER KARBAN STALE DATE CHECK

04-09-2020 ROGER KARBAN STALE DATE CHECK04-09-2020 ROGER KARBAN STALE DATE CHECK04-09-2020 ROGER KARBAN STALE DATE CHECK

64594 04-09-2020 314.53 BOBBYE GAINES STALE DATE CHECK64595 04-09-2020 400.00 BRIAN LUCAS STALE DATE CHECK64596 04-16-2020 496.80 AREA WIDE REPORTING SERVICE TRANSCRIPT

04-16-2020 AREA WIDE REPORTING SERVICE MAR27 2020 CLAIMS64597 04-16-2020 2,957.00 FOLEY & LARDNER LLP FEB 2020 LEGAL SVC-SB 163964598 04-16-2020 5,816.88 INSIGHT PUBLIC SECTOR CREDIT MEMO

04-16-2020 INSIGHT PUBLIC SECTOR #6917-24 LAPTOPS64599 04-16-2020 750.00 OTTOSEN DINOLFO MAR 2020 LEGAL SVC-GENERAL64600 04-16-2020 73,180.00 PARAMETRIC CLIFTON Q4 2019 INVST MGMT FEE64601 04-23-2020 177.08 AFLAC STAFF PYRL DEDUCTION64602 04-23-2020 292.55 AREA DISPOSAL SERVICE, INC. APR 2020 TRASH SVC64603 04-23-2020 970.00 TECHNOLOGY MANAGEMENT REV FUND T2222476 FEB 2020 ICN CON64604 04-23-2020 2,198.33 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64605 04-23-2020 10,502.03 DEF COMP PLAN FUND STAFF PYRL DEDUCTION

04-23-2020 DEF COMP PLAN FUND ROTH STAFF PYRL DEDUCTION64606 04-23-2020 168.10 TECHNOLOGY MANAGEMENT REV FUND S6930000 FEB 2020 CMS FUN64607 04-23-2020 124,882.80 IL DEPT OF CENTRAL MGMT SVCS ER PREMIUM PPE04202064608 04-23-2020 15,896.00 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64609 04-23-2020 2,278.26 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64610 04-23-2020 101.95 COMCAST CABLE & INTERNET APR 2020 TV & INTERNET64611 04-23-2020 2,599.50 DATA IMAGING SUPPLIES TONER64612 04-23-2020 6,989.00 ECONOMIC RESEARCH INSTITUTE ANNUAL SUBSCRIPTION64613 04-23-2020 5,513.40 FAEGRE DRINKER BIDDLE & REATH FEB 2020 LEGAL SVC-BLACKROCK

04-23-2020 FAEGRE DRINKER BIDDLE & REATH MAR 2020 LEGAL SVC-BIVIUM IMA64614 04-23-2020 488.07 HONEYWELL INC. MAY 2020 TEMP CONTROLS64615 04-23-2020 175.24 ILLINOIS STATE DISBURSEMENTS 96-D-490 JOHNSON PYRL DED64616 04-23-2020 2,921.40 INSIGHT PUBLIC SECTOR SUPPLIES

04-23-2020 INSIGHT PUBLIC SECTOR SUPPLIES04-23-2020 INSIGHT PUBLIC SECTOR #6926-45 MONITORS

64617 04-23-2020 6,000.00 INSURANCE AUDIT AND INSPECTION INSURANCE RISK MGMT CONSU64618 04-23-2020 1,879.47 WINDSTREAM MAR4-APR3 2020 PHONE SVC64619 04-23-2020 8,581.04 PRUDENTIAL GROUP INSURANCE NOV 2019 LONG TERM DISAB

04-23-2020 PRUDENTIAL GROUP INSURANCE DEC 2019 LONG TERM DISAB04-23-2020 PRUDENTIAL GROUP INSURANCE JAN 2020 LONG TERM DISAB04-23-2020 PRUDENTIAL GROUP INSURANCE FEB 2020 LONG TERM DISAB04-23-2020 PRUDENTIAL GROUP INSURANCE MAR 2020 LONG TERM DISAB

Exhitbit 7



64619 04-23-2020 8,581.04 PRUDENTIAL GROUP INSURANCE APR 2020 LONG TERM DISAB64620 04-23-2020 33,194.97 REINHART BOEMER VAN DEUREN JAN/FEB 2020 LEGAL SVC-FIDUCIA

04-23-2020 REINHART BOEMER VAN DEUREN JAN-MAR 2020 LEGAL SVC-BOARD G64621 04-23-2020 1,525.85 SECOND EXECUTIVE PARK APR 2020 LAWN SVC

04-23-2020 SECOND EXECUTIVE PARK VENDOR SERVICE04-23-2020 SECOND EXECUTIVE PARK MAR 2020 TRIM/WEED04-23-2020 SECOND EXECUTIVE PARK IRRIGATION SET UP

64622 04-23-2020 7,187.31 SERVICEMASTER JANITORIAL MAY 2020 JANITORIAL SVC64623 04-23-2020 2,685.00 SOLARWINDS, INC. ANNUAL MAINTENANCE64624 04-23-2020 2,033.00 SQUIRE PATTON BOGGS MAR 2020 LEGAL SVC-PANTHEON64625 04-23-2020 34.39 UNITED PARCEL SERVICE FREIGHT MAR23-27 2020

04-23-2020 UNITED PARCEL SERVICE FREIGHT MAR30-APR3 202064626 04-23-2020 235.08 WALZ LABEL AND MAILING SYSTEMS INK CARTRIDGE64627 05-01-2020 15,462.58 AFSCME CHAPTER 31 ANNUITANT DEDUCTION64628 05-01-2020 14,026.05 BAILEY EDWARD DESIGN INC CALL CENTER DESIGN64629 05-01-2020 7,023.57 BLACK HAWK COLLEGE ANNUITANT DEDUCTION64630 05-01-2020 18.60 BREEZE COURIER LEGAL NOTICE64631 05-01-2020 2,698,336.96 IL DEPT OF CENTRAL MGMT SVCS ANNUITANT DEDUCTION64632 05-01-2020 1,791.00 COOK CO COLLEGE TEACHERS UNION ANNUITANT DEDUCTION64633 05-01-2020 2,940.00 COOK CO COLLEGE TEACHERS UNION ANNUITANT DEDUCTION64634 05-01-2020 420.63 ILLINOIS VALLEY COMM COLLEGE ANNUITANT DEDUCTION64635 05-01-2020 1,224.73 INTERNAL REVENUE SERVICE XXX-XX-0383 MAY 2020 PMT64636 05-01-2020 2,165.67 LAKE LAND COLLEGE ANNUITANT DEDUCTION64637 05-01-2020 997.50 MORGAN, LEWIS & BOCKIUS LLP MAR 2020 LEGAL SVC-GENERAL64638 05-01-2020 3,489.50 PARKLAND COLLEGE ANNUITANT DEDUCTION64639 05-01-2020 74,991.97 RAMIREZ ASSET MANAGEMENT Q1 2020 INVST MGMT FEE64640 05-01-2020 1,070.00 SQUIRE PATTON BOGGS MAR 2020 LEGAL SVC-BLACKSTONE64641 05-01-2020 25,775.60 STATE UNIV. ANNUITANTS ASSN. ANNUITANT DEDUCTION64642 05-01-2020 5,581.19 THOMSON TAX & ACCOUNTING FY21 RIA PENSION & BENEFIT64643 05-01-2020 1,326.79 TRITON COLLEGE ANNUITANT DEDUCTION64644 05-08-2020 195.00 ACFE TAYLOR-MAY2020-APR202164645 05-08-2020 177.08 AFLAC STAFF PYRL DEDUCTION64646 05-08-2020 15.00 AMERICAN MESSAGING APR 2020 PAGER SVC64647 05-08-2020 1,399.09 AT&T APR16-MAY15 2020 INTERNET64648 05-08-2020 495.00 BULLDOG DISPOSAL SERVICES, INC 20YD DUMPSTER64649 05-08-2020 308.96 CHASE CARD SERVICES MAR25-APR24 2020 CREDIT C64650 05-08-2020 399.89 CHEMICAL MAINTENANCE, INC. CLEANING SUPPLIES

05-08-2020 CHEMICAL MAINTENANCE, INC. CLEANING SUPPLIES05-08-2020 CHEMICAL MAINTENANCE, INC. VACUUM BAGS05-08-2020 CHEMICAL MAINTENANCE, INC. CLEANING SUPPLIES

64651 05-08-2020 995.00 CLEVERBRIDGE AG LANSWEEPER MAINT64652 05-08-2020 970.00 TECHNOLOGY MANAGEMENT REV FUND T2222476 MAR 2020 ICN CON64653 05-08-2020 2,361.41 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64654 05-08-2020 11,444.33 DEF COMP PLAN FUND DEFCOM STAFF PYRL DEDUCTI

05-08-2020 DEF COMP PLAN FUND ROTH STAFF PYRL DEDUCTION64655 05-08-2020 123,151.07 IL DEPT OF CENTRAL MGMT SVCS ER PREMIUM PPE05042064656 05-08-2020 15,690.25 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64657 05-08-2020 2,259.65 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64658 05-08-2020 951.10 DAVIS-HOUK MECHANICAL INC. RTU MAINT

05-08-2020 DAVIS-HOUK MECHANICAL INC. RTU MAINT05-08-2020 DAVIS-HOUK MECHANICAL INC. FAUCET REPLACEMENT

64659 05-08-2020 20,000.00 ENCHOICE PROJECT MOBILIZATION #264660 05-08-2020 16,566.00 GREENWOOD/ASHER & ASSOCIATES CDO SEARCH FEES64661 05-08-2020 821.26 ILLINOIS AMERICAN WATER 1801 MAR19-APR16 2020 WAT

05-08-2020 ILLINOIS AMERICAN WATER 1901 FEB19-MAR18 2020 WAT05-08-2020 ILLINOIS AMERICAN WATER 1901 MAR19-APR16 2020 WAT05-08-2020 ILLINOIS AMERICAN WATER 1901 APR25-MAY26 2020 FIR

64662 05-08-2020 175.24 ILLINOIS STATE DISBURSEMENTS 96-D-490 JOHNSON PYRL DED64663 05-08-2020 30.00 TERRENCE MCCLELLAN MID 121560-REFUND RETIRE SEM64664 05-08-2020 20.00 LISA MARIE MARCH MID 31802-REFUND RETIRE SEM64665 05-08-2020 30.00 LOURDES IGLESIA NOTARIO MID 1087632-REFUND RETIRE SEM64666 05-08-2020 20.00 VINCENT NOBILE MID 1111674-REFUND RETIRE SEM64667 05-08-2020 20.00 JORGE NIEVES MID 92197-REFUND RETIRE SEM

Exhitbit 7



64668 05-08-2020 8,970.44 OPENTEXT INC. FTP SERVER MAINTENANCE64669 05-08-2020 20.00 MAUREEN SMITH MID 92322-REFUND RETIRE SEM64670 05-08-2020 129.72 SECOND EXECUTIVE PARK Trash pick up64671 05-08-2020 1,735.46 STAPLES BUSINESS CREDIT OFFICE SUPPLIES64672 05-08-2020 20.00 DEBRA ANN THOMPSON MID 39487-REFUND RETIRE SEM64673 05-08-2020 899.00 TERMINAL VIDEO LISTING INC. MAY2020-MAY2021 WISE SUPP64674 05-08-2020 1,289.67 UNIVERSITY OF ILLINOIS @00873227 APR 2020 CARPOO64675 05-08-2020 129.79 UNITED PARCEL SERVICE FREIGHT APR6-10 2020

05-08-2020 UNITED PARCEL SERVICE FREIGHT APR13-17 202064676 05-08-2020 310.14 URBANA/CHAMPAIGN SAN DIST 1801 APR 2020 SEWER64677 05-08-2020 20.00 LISA WRIGHT MID 12276-REFUND RETIRE SEM64678 05-15-2020 6.00 SHIRLEY BARRALL MID6637 REFUND-OVP64679 05-15-2020 30,700.00 ENCHOICE PROJECT MOBILZATION #4

05-15-2020 ENCHOICE PROJECT MOBILZATION #364680 05-15-2020 10,601.00 FAEGRE DRINKER BIDDLE & REATH MAR 2020 LEGAL SVC-FIS GROUP64681 05-15-2020 484.89 NEWEGG.COM SUPPLIES64682 05-15-2020 59,180.00 PARAMETRIC CLIFTON Q1 2020 INVST MGMT FEE64683 05-15-2020 592.00 PRODIGE PROCESSING, INC. HARD DRIVE DESTRUCTION64684 05-15-2020 1,360.00 REED GROUP LTD. MD GUIDELINES RENEWAL64685 05-15-2020 1,000.00 SIKICH LLP APR 2020 CENSUS DATA TEST64686 05-15-2020 360.00 UPCLOSE PRINTING BUSINESS CARDS64687 05-15-2020 227.51 WATTS COPY SYSTEMS FEB-MAY 2020 PRINTER SVC64688 05-21-2020 177.08 AFLAC STAFF PYRL DEDUCTION64689 05-21-2020 25,816.00 AGILOFT, INC. APR2020-JUN2021 ANNUAL FE64690 05-21-2020 500.00 APPFA 2020 ANNUAL DUES64691 05-21-2020 340.00 AREA WIDE REPORTING SERVICE MAY1 2020 CLAIMS PANEL64692 05-21-2020 249.00 BULLDOG DISPOSAL SERVICES, INC 20YD DUMPSTER FEES64693 05-21-2020 2,361.41 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64694 05-21-2020 11,394.33 DEF COMP PLAN FUND DEFCOM STAFF PYRL DEDUCTI

05-21-2020 DEF COMP PLAN FUND ROTH STAFF PYRL DEDUCTION64695 05-21-2020 123,151.07 IL DEPT OF CENTRAL MGMT SVCS ER PREMIUM PPE05182064696 05-21-2020 15,690.25 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64697 05-21-2020 2,256.48 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64698 05-21-2020 186.78 COMCAST CABLE & INTERNET APR30-MAY29 2020 TV/INTER64699 05-21-2020 839.00 DREAMSTIME STOCK PHOTOS64700 05-21-2020 50.00 FIDELITY INVESTMENTS Q1 2020 MRD FEES64701 05-21-2020 770.00 GOV FIN OFFICERS ASSN FY21 MEMBERSHIP DUES64702 05-21-2020 175.24 ILLINOIS STATE DISBURSEMENTS 96-D-490 JOHNSON PYRL DED64703 05-21-2020 8,367.90 INSIGHT PUBLIC SECTOR SHARE POINT

05-21-2020 INSIGHT PUBLIC SECTOR #6959-66 & 6969-75 MONITO64704 05-21-2020 600.00 NAGDCA NOVEN-CONG REG64705 05-21-2020 750.00 OTTOSEN DINOLFO APR 2020 LEGAL SVC-GENERAL64706 05-21-2020 482.72 SECOND EXECUTIVE PARK APR 2020 LANDSCAPING RECY

05-21-2020 SECOND EXECUTIVE PARK MAY 2020 MOWING05-21-2020 SECOND EXECUTIVE PARK GRASS SEED

64707 05-21-2020 85,987.34 SECUREWORKS, INC AS40064708 05-21-2020 82.97 UNITED PARCEL SERVICE FREIGHT APR20-24 2020

05-21-2020 UNITED PARCEL SERVICE FREIGHT APR27-MAY1 202064709 05-21-2020 68.75 URBANA/CHAMPAIGN SAN DIST 1901 MAR18-APR16 2020 SEW64710 05-21-2020 3,000.00 WORKSRIGHT SOFTWARE, INC. HYPER SORT MAINT64711 05-29-2020 22.50 AMERICAN MESSAGING MAY 2020 PAGER SVC64712 05-29-2020 290.16 AREA DISPOSAL SERVICE, INC. MAY 2020 TRASH SVC64713 05-29-2020 1,550.00 CHARTERED ALTERNATIVE INVEST VALLE-FALL 2020 EXAM FEE64714 05-29-2020 8,400.00 CM FIRST TECHNOLOGIES CA 2E MAINT64715 05-29-2020 970.00 TECHNOLOGY MANAGEMENT REV FUND T2222476 APR 2020 ICN CON64716 05-29-2020 160.90 TECHNOLOGY MANAGEMENT REV FUND S693000 MAR 2020 CMS FUND64717 05-29-2020 488.07 HONEYWELL INC. JUN 2020 TEMP CONTROL64718 05-29-2020 380.87 ILLINOIS AMERICAN WATER 1801 APR17-MAY15 202 WATE

05-29-2020 ILLINOIS AMERICAN WATER 1901 APR17-MAY15 2020 WAT64719 05-29-2020 8,000.00 ILLINOIS STATE TREASURER FY2021 COMPLIANCE FEE64720 05-29-2020 837.34 INSIGHT PUBLIC SECTOR SUPPLIES

05-29-2020 INSIGHT PUBLIC SECTOR SUPPLIES05-29-2020 INSIGHT PUBLIC SECTOR SUPPLIES

Exhitbit 7



64721 05-29-2020 675.25 NEWEGG.COM SUPPLIES05-29-2020 NEWEGG.COM SUPPLIES

64722 05-29-2020 947.54 WINDSTREAM APR4-MAY3 2020 PHONE SVC64723 05-29-2020 360.00 RCM & ASSOCIATES HEADSETS64724 05-29-2020 3,346.24 SECOND EXECUTIVE PARK FEB 2020 SNOW REMOVAL

05-29-2020 SECOND EXECUTIVE PARK FEB 2020 SNOW REMOVAL05-29-2020 SECOND EXECUTIVE PARK APR 2020 TRIM/WEEDING05-29-2020 SECOND EXECUTIVE PARK MAR/APR 2020 GEESE CONTRO05-29-2020 SECOND EXECUTIVE PARK MULCH

64725 05-29-2020 7,187.31 SERVICEMASTER JANITORIAL JUN 2020 JANITORIAL SVC64726 05-29-2020 382.85 STAPLES BUSINESS CREDIT OFFICE SUPPLIES64727 06-02-2020 15,403.58 AFSCME CHAPTER 31 ANNUITANT DEDUCTION64728 06-02-2020 7,023.57 BLACK HAWK COLLEGE ANNUITANT DEDUCTION64729 06-02-2020 2,707,476.50 IL DEPT OF CENTRAL MGMT SVCS ANNUITANT DEDUCTION64730 06-02-2020 1,795.00 COOK CO COLLEGE TEACHERS UNION ANNUITANT DEDUCTION64731 06-02-2020 2,920.00 COOK CO COLLEGE TEACHERS UNION ANNUITANT DEDUCTION64732 06-02-2020 420.63 ILLINOIS VALLEY COMM COLLEGE ANNUITANT DEDUCTION64733 06-02-2020 1,224.73 INTERNAL REVENUE SERVICE XXX-XX-0383 JUN 2020 PMT64734 06-02-2020 2,165.67 LAKE LAND COLLEGE ANNUITANT DEDUCTION64735 06-02-2020 3,489.50 PARKLAND COLLEGE ANNUITANT DEDUCTION64736 06-02-2020 25,610.23 STATE UNIV. ANNUITANTS ASSN. ANNUITANT DEDUCTION64737 06-02-2020 1,326.79 TRITON COLLEGE ANNUITANT DEDUCTION64738 06-04-2020 177.08 AFLAC STAFF PYRL DEDUCTION64739 06-04-2020 3,065.79 CHASE CARD SERVICES APR25-MAY24 2020 CREDIT C64740 06-04-2020 2,361.41 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64741 06-04-2020 11,394.33 DEF COMP PLAN FUND DEFCOM STAFF PYRL DEDUCTI

06-04-2020 DEF COMP PLAN FUND ROTH STAFF PYRL DEDUCTION64742 06-04-2020 123,151.07 IL DEPT OF CENTRAL MGMT SVCS ER PREMIUM PPE06012064743 06-04-2020 15,690.25 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64744 06-04-2020 2,257.19 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64745 06-04-2020 175.24 ILLINOIS STATE DISBURSEMENTS 96-D-490 JOHNSON PYRL DED64746 06-04-2020 84.16 UNITED PARCEL SERVICE FREIGHT MAY4-8 2020

06-04-2020 UNITED PARCEL SERVICE FREIGHT MAY11-15 202064747 06-11-2020 1,890.00 ALPHA CONTROLS & SERVICES LLC BOILER SERVICE

06-11-2020 ALPHA CONTROLS & SERVICES LLC BOILER SERVICE06-11-2020 ALPHA CONTROLS & SERVICES LLC COMBUSTION ANALYZER06-11-2020 ALPHA CONTROLS & SERVICES LLC BOILER SERVICE

64748 06-11-2020 1,399.09 AT&T MAY16-JUN15 2020 INTERNET64749 06-11-2020 17.40 BREEZE COURIER RFP-NETWORK TESTING64750 06-11-2020 16,151.44 CARAHSOFT TECHNOLOGY CORP. PURE CLOUD

06-11-2020 CARAHSOFT TECHNOLOGY CORP. PURE CLOUD64751 06-11-2020 186.78 COMCAST CABLE & INTERNET MAY30-JUN29 2020 TV & INT64752 06-11-2020 60.49 ILLINOIS AMERICAN WATER MAY27-JUN23 2020 FIRE SVC64753 06-11-2020 10,912.00 INSIGHT PUBLIC SECTOR #7223-42 LAPTOPS

06-11-2020 INSIGHT PUBLIC SECTOR #7243-46 LAPTOPS64754 06-11-2020 1,500.00 LAWRENCE L. JECKEL, M.D. MID 77666 EVALUATION64755 06-11-2020 16,478.50 MORGAN, LEWIS & BOCKIUS LLP APR 2020 LEGAL SVC-EMP MATTERS64756 06-11-2020 440.33 SECOND EXECUTIVE PARK JUN 2020 MOWING SVC64757 06-11-2020 500.00 TOP QUALITY ROOFING COMPANY SKYLIGHT REPAIR64758 06-11-2020 209.01 URBANA/CHAMPAIGN SAN DIST 1901 APR16-MAY15 2020 SEW64759 06-11-2020 10,000.00 U.S. POSTAL SERVICE (NEOPOST) JUN 2020 POSTAGE64760 06-11-2020 172.93 KATHRYN ROMAN STALE DATE CHECK64761 06-11-2020 604.25 GARY WISBY STALE DATE CHECK64762 06-18-2020 177.08 AFLAC STAFF PYRL DEDUCTION64763 06-18-2020 240.00 ALPHA CONTROLS & SERVICES LLC RELOCATE WALL SENSORS64764 06-18-2020 11,774.12 AMEREN ILLINOIS 1801 MAY 2020 ELECTRIC

06-18-2020 AMEREN ILLINOIS 1801 MAY 2020 GAS06-18-2020 AMEREN ILLINOIS 1801 MAY 2020 GAS06-18-2020 AMEREN ILLINOIS 1901 MAY 2020 ELECTRIC/GA06-18-2020 AMEREN ILLINOIS 1801 MAY 2020 GAS

64765 06-18-2020 289.14 AREA DISPOSAL SERVICE, INC. JUN 2020 TRASH SVC64766 06-18-2020 2,361.41 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64767 06-18-2020 11,394.33 DEF COMP PLAN FUND DEFCOM STAFF PYRL DEDUCTI

Exhitbit 7



64767 06-18-2020 11,394.33 DEF COMP PLAN FUND ROTH STAFF PYRL DEDUCTION64768 06-18-2020 15,789.00 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64769 06-18-2020 2,257.19 IL DEPT OF CENTRAL MGMT SVCS STAFF PYRL DEDUCTION64770 06-18-2020 43,668.42 EVESTMENT ALLIANCE, LLC FY21 QUANTUM64771 06-18-2020 175.24 ILLINOIS STATE DISBURSEMENTS 96-D-490 JOHNSON PYRL DED64772 06-18-2020 49,107.50 INSIGHT PUBLIC SECTOR SHARE POINT

06-18-2020 INSIGHT PUBLIC SECTOR #6976-80 LAPTOPS64773 06-18-2020 1,087.49 WINDSTREAM MAY4-JUN3 2020 PHONE SVC64774 06-18-2020 17.24 UNITED PARCEL SERVICE FREIGHT MAY18-22 202064775 06-18-2020 462.94 MARGOT TOURIS STALE DATE CHECK64776 06-25-2020 360.00 ALPHA CONTROLS & SERVICES LLC REPLACE SEAL IN PUMP64777 06-25-2020 22.50 AMERICAN MESSAGING JUN 2020 PAGER SVC64778 06-25-2020 770.00 CHEMICAL MAINTENANCE, INC. CORDLESS E-SPRAYER64779 06-25-2020 159.30 TECHNOLOGY MANAGEMENT REV FUND S6930000 APR 2020 CMS FUN64780 06-25-2020 123,494.05 IL DEPT OF CENTRAL MGMT SVCS ER PREMIUM PPE06152064781 06-25-2020 3,304.00 GREENWOOD/ASHER & ASSOCIATES MAR13 ADVERTISING64782 06-25-2020 12,213.00 INSIGHT PUBLIC SECTOR #7247-52 LAPTOPS

06-25-2020 INSIGHT PUBLIC SECTOR HEADSET (30)64783 06-25-2020 543.75 KISCO INFORMATION SYSTEMS WEBREPORT ANNUAL MAINT64784 06-25-2020 2,062.00 MORGAN, LEWIS & BOCKIUS LLP MAY 2020 LEGAL SVC-EMP MATTERS64785 06-25-2020 1,450.00 OTTOSEN DINOLFO MAY 2020 LEGAL SVC-GENERAL64786 06-25-2020 1,827.38 SECOND EXECUTIVE PARK TRIM/WEED/TRASH PICKUP

06-25-2020 SECOND EXECUTIVE PARK GEESE CONTROL64787 06-25-2020 11,514.90 SECUREWORKS, INC OFFICE 36564788 06-25-2020 1,070.00 SQUIRE PATTON BOGGS MAY 2020 LEGAL SVC-NT ASSET64789 06-25-2020 1,289.67 UNIVERSITY OF ILLINOIS @00873227 MAY 2020 CARPOO

10,075,733.71

Exhitbit 7





0004963 04-02-2020 ALTORFER 495.17 ALTORFER INC. REPAIR FUEL TAN0004964 04-02-2020 AMAZONBUS 16.52 AMAZON CAPITAL SERVICES SUPPLIES0004965 04-02-2020 CITYCOLLEG 276,380.42 CITY COLLEGES OF CHICAGO ANNUITANT DEDUC0004966 04-02-2020 CONNORURBA 106.66 CONNOR COMPANY BUILDING SUPPLI0004967 04-02-2020 DLT SOLUTI 1,341.80 DLT SOLUTIONS, LLC PLURAL SIGHT BU0004968 04-02-2020 DOWJONES 1,070.00 DOW JONES & CO BARRONS DIGITAL0004969 04-02-2020 ICCTA 600.00 ICCTA APR 2020 RENT0004970 04-02-2020 ISEA RET 4,279.00 ISEA RETIREES ANNUITANT DEDUC0004971 04-02-2020 ITECH 5,003.00 ITECH SOLUTIONS GROUP, LLC MAR 2020 DR SVC0004972 04-02-2020 LANSAINC 3,340.00 LANSA, INC. SAML PROJECT0004973 04-02-2020 MEETINGZON 653.00 MEETINGZONE, INC. APR 2020 VIDEO 0004974 04-02-2020 MEKETAINVE 124,083.33 MEKETA INVESTMENT GROUP Q1 2020 INVST C0004975 04-02-2020 NORTHERNIL 1,078.65 NORTHERN ILLINOIS UNIVERSITY APR 2020 RENT0004976 04-02-2020 NOVENMARTI 503.81 MARTIN NOVEN NOVEN-MAR5-6 DU0004977 04-02-2020 RICOH 1,657.79 RICOH USA INC MAR 2020 COLOR 0004978 04-02-2020 ROMANO 1,150.00 TOMASINE ROMANO XXX-XX-4355 APR0004979 04-02-2020 TORREYCOVE 171,875.00 TORREYCOVE CAPITAL PARTNERS Q1 2020 INVEST 0004980 04-02-2020 UNIVERPROF 429.00 UNIVERSITY PROFESSIONALS IL. ANNUITANT DEDUC0004981 04-02-2020 UPI-COPE 665.50 UPI-COPE ANNUITANT DEDUC0004982 04-02-2020 ZONES 4,206.68 ZONES LLC #6925 LAPTOP0004984 04-09-2020 CDWGOVERN 11,561.00 CDW GOVERNMENT, INC. ADOBE LICENSE0004985 04-09-2020 DOWJONES 4,396.48 DOW JONES & CO WALL STREET JOU0004986 04-09-2020 LANSAINC 5,400.00 LANSA, INC. SAML PROJECT0004987 04-09-2020 LEXISNEXRD 150.00 LEXISNEXIS RISK SOLUTIONS MAR 2020 MIN CO0004988 04-09-2020 LRS 9,600.00 LEVI RAY & SHOUP INC MAR 2020 PROGRA0004989 04-09-2020 MS PEST CT 90.00 M & S PEST CONTROL MAR 2020 PEST C0004990 04-09-2020 NIU CATER 879.00 NORTHERN ILLINOIS UNIVERSITY MAR12-13 BD MTG0004991 04-09-2020 PLANTS 140.60 PLANTS ETC APR 2020 PLANT 0004992 04-09-2020 PROPIO 19.20 PROPIO LANGUAGE SERVICES MAR 2020 INTERP0004993 04-09-2020 QUICKSILVE 1,481.32 QUICKSILVER MAILING SERVICES MAR1-15 2020 PR0004994 04-09-2020 TORREYCOVE 42,017.90 TORREYCOVE CAPITAL PARTNERS Q1 LEGAL FEES-I0004995 04-09-2020 VERIZONPA 2,496.54 VERIZON WIRELESS #6883-4 FEB16-M0004996 04-09-2020 VOGELMITCH 94.48 MITCHELL VOGEL VOGEL-MAR12-13 0004997 04-09-2020 ZONES 11,026.66 ZONES LLC SKYPE FOR BUSIN0004998 04-16-2020 ADAMSSTREE 21,250.00 ADAMS STREET PARTNERS, LP Q1 2020 INVST M0004999 04-16-2020 Ativo 191,530.80 ATIVO CAPITAL MANAGEMENT Q1 2020 INVST M0005000 04-16-2020 CALLAN 76,750.00 CALLAN ASSOCIATES INC. Q1 2020 INVST C0005001 04-16-2020 CAMMACK 16,250.00 CAMMACK LARHETTE ADVISORS Q1 2020 INVST C0005002 04-16-2020 CAREERBUIL 657.05 CAREERBUILDER, LLC. MAR 2020 BACKGR0005003 04-16-2020 CHAMPDOITB 59.47 CU HARDWARE COMPANY BUILDING SUPPLI0005004 04-16-2020 DENALI 55,611.30 DENALI ADVISORS, LLC Q1 2020 INVST M0005005 04-16-2020 GABRIELCOM 28,376.67 GABRIEL,ROEDER,SMITH & CO. MAR 2020 RET/PL0005006 04-16-2020 ILLPRESS 105.40 ILLINOIS PRESS ASSOCIATION 0197 APR 2020 R0005007 04-16-2020 LMCAPGRP 119,077.78 LM CAPITAL GROUP Q1 2020 INVST M0005008 04-16-2020 TAYLORD 320.00 W. DOUGLAS TAYLOR TAYLOR-IIA ONLI0005009 04-16-2020 TRAINHR 2,499.00 NET ZEALOUS LLC DBA TRAINHR ANNUAL UNLIMITE0005010 04-16-2020 VOGELMITCH 1,913.39 MITCHELL VOGEL VOGEL-MAR8-11 C0005011 04-16-2020 ZAHNGOVSOL 5,000.00 ZAHN GOVERNMENTAL SOLUTIONS MAR 2020 CONSUL0005012 04-23-2020 BLACKMESH 900.00 CONTEGIX APR 2020 HOSTED0005013 04-23-2020 BLOOMBERG 6,420.00 BLOOMBERG FINANCE L.P. APR18-JUL17 2020005014 04-23-2020 CAREERBUIL 696.15 CAREERBUILDER, LLC. FEB 2020 BACKGR0005015 04-23-2020 CHANNINGCA 109,365.79 CHANNING CAPITAL MANAGEMENT Q1 2020 INVST M0005016 04-23-2020 COPS 221.13 CONFIDENTIAL ON-SITE PAPER SHR MAR 2020 SHRED 0005017 04-23-2020 EARNESTPAR 385,999.05 EARNEST PARTNERS, LLC Q1 2020 INVST M0005018 04-23-2020 GIERTZFRED 1,451.56 J. FRED GIERTZ GIERTZ-MAR9-11 0005019 04-23-2020 lazer 1,353.80 Lazer's Edge Office Automation TONER0005020 04-23-2020 MATARIN 143,156.00 MATARIN CAPITAL MANAGEMENT Q1 2020 INVST M

Exhitbit 7





0005021 04-23-2020 MICHAELS 460.00 MICHAELS CATERING MAR11 RETIRE SE0005022 04-23-2020 MONDRIAN 306,439.09 MONDRIAN INVESTMENT PARTNERS Q1 2020 INVST M0005023 04-23-2020 MRCINFOTEC 23,381.85 MRC INFORMATION TECHNOLOGY INC KTM UPGRADE0005024 04-23-2020 NEUBERGER 560,780.56 NEUBERGER BERMAN Q1 2020 INVST M0005025 04-23-2020 OFFICEDEPO 24.30 OFFICE DEPOT OFFICE SUPPLIES0005026 04-23-2020 PUGHCAPITA 115,772.80 PUGH CAPITAL MANAGEMENT Q1 2020 INVST M0005027 04-23-2020 SIRIUS 53,423.96 SIRIUS Computer Solutions FIREWALL MAINT0005028 04-23-2020 SPOC LLC 9,627.82 CONSOLIDATED COMMUNICATIONS 1901 MAR 2020 P0005029 04-23-2020 STOCKOFFIC 2,295.00 STOCKS OFFICE FURNITURE CALL CENTER CUB0005030 04-23-2020 TAATOOLS 815.00 TAA TOOLS INC SOFTWARE TOOLS0005031 04-23-2020 THOMSONW 1,277.83 THOMSON WEST MAR 2020 LEGAL 0005032 04-23-2020 TORREYCOVE 17,527.50 TORREYCOVE CAPITAL PARTNERS LEGAL FEES-MBK/0005033 05-01-2020 BLACKROCK 332,570.83 BLACKROCK INST TRUST CO. Q1 2020 INVST M0005034 05-01-2020 CITYCOLLEG 274,626.19 CITY COLLEGES OF CHICAGO ANNUITANT DEDUC0005035 05-01-2020 GH&A 129,585.78 GARCIA HAMILTON & ASSOC Q1 2020 INVST M0005036 05-01-2020 GLOBEFLEX 216,989.20 GLOBEFLEX CAPITAL, L.P. Q1 2020 INVST M0005037 05-01-2020 HUBERASSOC 55,650.00 HUBER & ASSOCIATES, INC. IBM ISERIES REP0005038 05-01-2020 ICCTA 600.00 ICCTA MAY 2020 RENT0005039 05-01-2020 ICEMILLER 34,997.50 ICE MILLER LLP MAR 2020 LEGAL 0005040 05-01-2020 ISEA RET 4,273.50 ISEA RETIREES ANNUITANT DEDUC0005041 05-01-2020 LANSAINC 62.50 LANSA, INC. SAML PROJECT0005042 05-01-2020 PIEDMONTIN 237,368.10 PIEDMONT INVESTMENT ADVISORS Q1 2020 INVST M0005043 05-01-2020 PROGINVEST 730,285.43 XPONANCE, INC. Q1 2020 INVST M0005044 05-01-2020 RHUMBLINE 49,173.00 RHUMBLINE ADVISERS Q1 2020 INVST M0005045 05-01-2020 ROMANO 1,150.00 TOMASINE ROMANO XXX-XX-4355 MAY0005046 05-01-2020 SIRIUS 980.40 SIRIUS Computer Solutions ADDITIONAL TRAP0005047 05-01-2020 STRATEGICG 233,963.49 STRATEGIC GLOBAL ADVISORS Q1 2020 INVST M0005048 05-01-2020 UNIVERPROF 429.00 UNIVERSITY PROFESSIONALS IL. ANNUITANT DEDUC0005049 05-01-2020 UPI-COPE 665.50 UPI-COPE ANNUITANT DEDUC0005050 05-01-2020 ZONES 6,200.00 ZONES LLC #6950-53 LAPTOP0005051 05-08-2020 AMAZONBUS 119.41 AMAZON CAPITAL SERVICES SUPPLIES0005052 05-08-2020 BLACKMESH 900.00 CONTEGIX MAR 2020 HOSTED0005053 05-08-2020 BROOKEMICH 1,307.00 MICHAEL BROOKE BROOKE-SSL CERT0005054 05-08-2020 HUBERASSOC 29,280.00 HUBER & ASSOCIATES, INC. FLASHCOPY TOOLK0005055 05-08-2020 ITECH 2,501.50 ITECH SOLUTIONS GROUP, LLC APR2020 DR SVCS0005056 05-08-2020 MCLEAN 13,718.00 MCLEAN & CO APR2020-APR20210005057 05-08-2020 MEETINGZON 653.00 MEETINGZONE, INC. MAY 2020 VIDEO 0005058 05-08-2020 NORTHERNIL 1,078.65 NORTHERN ILLINOIS UNIVERSITY MAY 2020 RENT0005059 05-08-2020 OFFICEDEPO 76.10 OFFICE DEPOT OFFICE SUPPLIES0005060 05-08-2020 PLANTS 140.60 PLANTS ETC MAY 2020 PLANT 0005061 05-08-2020 RICOH 1,068.08 RICOH USA INC MAY 2020 PRINTE0005062 05-08-2020 SEICO 360.00 SEICO, INC 1901 FIRE ALARM0005063 05-08-2020 SHI SOFTWA 6,899.54 SOFTWARE HARDWARE INTEGRATION VMWARE0005064 05-08-2020 TORREYCOVE 20,483.55 TORREYCOVE CAPITAL PARTNERS APR 2020 LEGAL-0005065 05-08-2020 VERIZONPA 1,282.52 VERIZON WIRELESS MAR16-APR15 2020005066 05-08-2020 ZONES 5,367.15 ZONES LLC #6859 & 7215-170005067 05-15-2020 BLACKMESH 900.00 CONTEGIX MAY 2020 HOSTED0005068 05-15-2020 GABRIELCOM 9,544.92 GABRIEL,ROEDER,SMITH & CO. APR 2020 RET/PL0005069 05-15-2020 ICEMILLER 32,461.00 ICE MILLER LLP APR 2020 LEGAL 0005070 05-15-2020 LANSAINC 1,540.00 LANSA, INC. SAML PROJECT0005071 05-15-2020 LEXISNEXRD 150.00 LEXISNEXIS RISK SOLUTIONS APR 2020 MIN CO0005072 05-15-2020 LRS 13,200.00 LEVI RAY & SHOUP INC APR 2020 R.CARL0005073 05-15-2020 MAYERBRNPL 18,205.00 MAYER BROWN LLP MAR 2020 LEGAL 0005074 05-15-2020 MRCINFOTEC 20,705.00 MRC INFORMATION TECHNOLOGY INC KTM UPGRADE0005075 05-15-2020 NORTRUST 25,440.78 THE NORTHERN TRUST COMPANY Q1 2020 INVST M0005076 05-15-2020 PACIFICINV 804,876.45 PACIFIC INVESTMENT CO. Q1 2020 INVST M0005077 05-15-2020 PRODATA 5,495.00 PRODATA DBU LICENSE

Exhitbit 7





0005078 05-15-2020 PROPIO 94.72 PROPIO LANGUAGE SERVICES APR 2020 INTERP0005079 05-15-2020 RUDICILAPR 10.61 APRIL RUDICIL RUDICIL-SELF-IN0005080 05-15-2020 TEPPERELEC 918.08 TEPPER ELECTRIC SUPPLY CO. ELECTRICAL SUPP0005081 05-15-2020 THOMSONW 1,277.83 THOMSON WEST APR 2020 LEGAL 0005082 05-15-2020 WELLINGTON 792,971.24 WELLINGTON MANAGEMENTCOMPANY Q1 2020 INVST M0005083 05-21-2020 COPS 145.31 CONFIDENTIAL ON-SITE PAPER SHR APR 2020 SHRED 0005084 05-21-2020 GLADIUS 242,833.12 GLADIUS CAPITAL MANAGEMENT LP Q1 2020 INVST M0005085 05-21-2020 ILLPRESS 92.65 ILLINOIS PRESS ASSOCIATION 0197 APR 2020 R0005086 05-21-2020 KARNES MAT 620.20 MATTHEW KARNES KARNES-SPRING 20005087 05-21-2020 MAYERBRNPL 23,710.00 MAYER BROWN LLP MAR 2020 LEGAL 0005088 05-21-2020 NOVENMARTI 650.00 MARTIN NOVEN NOVEN-JUN12-14 0005089 05-21-2020 PANTHEONVE 176,461.72 PANTHEON VENTURES US LLP Q1 2019 INVST M0005090 05-21-2020 QUICKSILVE 3,996.59 QUICKSILVER MAILING SERVICES MAR16-31 2020 F0005091 05-21-2020 SIRIUS 255.00 SIRIUS Computer Solutions MICROSOFT CA SE0005092 05-21-2020 TAYLORD 50.00 W. DOUGLAS TAYLOR TAYLOR-WEBINAR0005093 05-21-2020 TENSIONENV 2,995.90 TENSION ENVELOPE CORPORATION #9 ENVELOPES0005094 05-21-2020 TORREYCOVE 23,497.50 TORREYCOVE CAPITAL PARTNERS APR 2020 LEGAL 0005095 05-29-2020 CA 15,294.06 CA, INC. CA 2E ISERIES0005096 05-29-2020 CDWGOVERN 265.83 CDW GOVERNMENT, INC. ADOBE SIGN0005097 05-29-2020 DAVISELEC 2,531.00 DAVIS ELECTRIC CHANGE PHOTOCEL0005098 05-29-2020 GLASSLEWIS 28,350.00 GLASS LEWIS & CO, LLC Q2 2020 PROXY S0005099 05-29-2020 GREENBIANC 660.00 BIANCA T GREEN GREEN-DATA SECU0005100 05-29-2020 ICCTA 600.00 ICCTA JUN 2020 SUBLEA0005101 05-29-2020 LANSAINC 502.50 LANSA, INC. SAML PROJECT0005102 05-29-2020 LINEA 53,305.00 LINEA SOLUTIONS PENSION SYSTEM 0005103 05-29-2020 RICOH 73.50 RICOH USA INC JUN 2020 PRINTE0005104 05-29-2020 SPOC LLC 7,658.14 CONSOLIDATED COMMUNICATIONS 1901 APR 2020 P0005105 05-29-2020 TROWEPRICE 727,743.30 T. ROWE PRICE Q1 2020 INVST M0005106 05-29-2020 ZONES 464.02 ZONES LLC MICROSOFT 3650005107 06-02-2020 CITYCOLLEG 266,885.49 CITY COLLEGES OF CHICAGO ANNUITANT DEDUC0005108 06-02-2020 ISEA RET 4,264.00 ISEA RETIREES ANNUITANT DEDUC0005109 06-02-2020 ROMANO 1,150.00 TOMASINE ROMANO XXX-XX-4355 JUN0005110 06-02-2020 UNIVERPROF 427.00 UNIVERSITY PROFESSIONALS IL. ANNUITANT DEDUC0005111 06-02-2020 UPI-COPE 663.50 UPI-COPE ANNUITANT DEDUC0005112 06-04-2020 AMAZONBUS 303.81 AMAZON CAPITAL SERVICES SUPPLIES0005113 06-04-2020 BROOKEMICH 499.00 MICHAEL BROOKE BROOKE-PASSING 0005114 06-04-2020 CAMPBELLB 414.00 BYRON CAMPBELL CAMPBELL-DIGICE0005115 06-04-2020 DELORIEABR 375.00 BRIAN DELORIEA DELORIEA-ANNUAL0005116 06-04-2020 HICKS HANE 642.00 HANEA HICKS HICKS-SPRING 200005117 06-04-2020 HUNGELLEN 450.00 ELLEN HUNG HUNG-ANNUAL CFA0005118 06-04-2020 ITECH 2,501.50 ITECH SOLUTIONS GROUP, LLC MAY 2020 DR SVC0005119 06-04-2020 MEETINGZON 653.00 MEETINGZONE, INC. JUN 2020 VIDEO 0005120 06-04-2020 NORTHERNIL 1,078.65 NORTHERN ILLINOIS UNIVERSITY JUN 2020 RENT0005121 06-04-2020 OFFICEDEPO 320.64 OFFICE DEPOT OFFICE SUPPLIES0005122 06-04-2020 POLLITTKIM 450.00 KIM POLLITT POLLITT-ANNUAL 0005123 06-04-2020 QUICKSILVE 937.54 QUICKSILVER MAILING SERVICES MAY1-15 2020 PR0005124 06-04-2020 RENFROWROS 1,305.00 ROSE A. RENFROW RENFROW-SPRING 0005125 06-04-2020 RICOH 56.23 RICOH USA INC MAY 2020 PRINTE0005126 06-04-2020 SIRIUS 1,785.00 SIRIUS Computer Solutions MICROSOFT CA SE0005127 06-04-2020 WILLOUGHBY 450.00 SHANE WILLOUGHBY WILLOUGHBY-ANNU0005128 06-11-2020 AMAZONBUS .00 AMAZON CAPITAL SERVICES SUPPLIES0005129 06-11-2020 DAVISELEC 286.00 DAVIS ELECTRIC CALL CENTER DEM0005130 06-11-2020 FEATHERSTU 4,995.00 FEATHERSTUN, GAUMER, POSTLEWAI APR 2020 LEGAL 0005131 06-11-2020 GABRIELCOM 5,350.17 GABRIEL,ROEDER,SMITH & CO. MAY 2020 RETAIN0005132 06-11-2020 GLOBEFLEX 103,809.20 GLOBEFLEX CAPITAL, L.P. Q2 2020 INVST M0005133 06-11-2020 ILLPRESS 90.95 ILLINOIS PRESS ASSOCIATION 0197 MAY 2020 R0005134 06-11-2020 LEXISNEXRD 150.00 LEXISNEXIS RISK SOLUTIONS MAY 2020 MIN CO

Exhitbit 7





0005135 06-11-2020 MRCINFOTEC 17,527.50 MRC INFORMATION TECHNOLOGY INC KTM UPGRADE0005136 06-11-2020 OFFICEDEPO 79.99 OFFICE DEPOT OFFICE SUPPLIES0005137 06-11-2020 PIRACLE 960.00 AVIDXCHANGE CREATE-A-CHECK 0005138 06-11-2020 PLANTS 140.60 PLANTS ETC JUN 2020 PLANT 0005139 06-11-2020 POLLITTKIM 91.00 KIM POLLITT POLLITT-GMEI AN0005140 06-11-2020 PROGINVEST 25,225.20 XPONANCE, INC. Q2 2020 INVST M0005141 06-11-2020 PROPIO 46.08 PROPIO LANGUAGE SERVICES MAY 2020 INTERP0005142 06-11-2020 SMITHSTACY 120.00 STACY SMITH SMITH-KAHOOT SU0005143 06-11-2020 THOMSONW 1,277.83 THOMSON WEST MAY 2020 LEGAL 0005144 06-11-2020 TORREYCOVE 907.20 TORREYCOVE CAPITAL PARTNERS MAY 2020 LEGAL 0005145 06-11-2020 VERIZONPA 1,431.39 VERIZON WIRELESS APR16-MAY15 2020005146 06-11-2020 ZONES 7,359.83 ZONES LLC CISCO SMARTNET0005147 06-18-2020 AMAZONBUS 309.80 AMAZON CAPITAL SERVICES SUPPLIES0005148 06-18-2020 BLACKMESH 900.00 CONTEGIX JUN 2020 HOSTED0005149 06-18-2020 CHAMPDOITB 17.52 CU HARDWARE COMPANY GENERAL HARDWAR0005150 06-18-2020 COPS 132.68 CONFIDENTIAL ON-SITE PAPER SHR MAY 2020 SHRED 0005151 06-18-2020 FLAHERTYJA 34.85 JAMIE-CLARE FLAHERTY FLAHERTY-MAR12 0005152 06-18-2020 LRS 12,000.00 LEVI RAY & SHOUP INC R.CARLSON-MAY 20005153 06-18-2020 OFFICEDEPO 465.67 OFFICE DEPOT OFFICE SUPPLIES0005154 06-18-2020 QUICKSILVE 1,153.70 QUICKSILVER MAILING SERVICES MAY 2020 PRESOR0005156 06-18-2020 SPOC LLC 1,043.85 CONSOLIDATED COMMUNICATIONS 1801 JUN 2020 P0005157 06-18-2020 TORREYCOVE 7,860.00 TORREYCOVE CAPITAL PARTNERS JUN 2020 LEGAL 0005158 06-18-2020 WESLEYDOUG 450.00 DOUG WESLEY WESLEY-CFA ANNU0005159 06-25-2020 CRAINCOMM 1,608.00 CRAIN COMMUNICATIONS INC. ADVERTISING CAR0005160 06-25-2020 CREDITSUIS 54,436.00 CREDIT SUISSE SECURITIES, LLC Q1 2020 INVST M0005161 06-25-2020 DAVISELEC 1,674.00 DAVIS ELECTRIC INSTALL BALLARD0005162 06-25-2020 GETZFIRE 1,096.00 GETZ FIRE EQUIPMENT BACKFLOW INSPEC0005163 06-25-2020 ICEMILLER 11,149.50 ICE MILLER LLP MAY 2020 LEGAL 0005164 06-25-2020 LANSAINC 3,350.00 LANSA, INC. SAML PROJECT0005165 06-25-2020 MRCINFOTEC 12,693.75 MRC INFORMATION TECHNOLOGY INC KOFAX ANNUAL MA0005166 06-25-2020 NASDAQ 19,582.90 NASDAQ - BOARDVANTAGE, INC. FY21 BOARD VANT0005167 06-25-2020 NAVIGATE 2,332.70 NAVIGATE360, LLC ELEARNING SUPPO0005168 06-25-2020 PEELERCARA 293.90 CARA PEELER PEELER-HAND SAN0005169 06-25-2020 SEICO 882.00 SEICO, INC REPAIR NORTH EM0005170 06-25-2020 SLATE-MONT 181.74 ELICIA SLATE-MONTI MONTI-MAR5-6 RE0005171 06-25-2020 SPOC LLC 7,699.43 CONSOLIDATED COMMUNICATIONS 1901 JUN 2020 P

Payment Account Total 8,981,237.34*Payment Type Total 8,981,237.34*

Report Total 8,981,237.34*

Exhitbit 7

LIMITED/INTERNAL


August 11, 2020




Date Amount Check Numbers or EFT Expense Type June 2 – 30, 2020 $6,800,918.96 1602944 – 1604087,

EFT Daily Benefits

June 5, 2020 $296,402.01 EFT Staff Payroll June 19, 2020 $299,095.34 EFT Staff Payroll June 1 – 30, 2020 $3,883,423.88 64727 – 64789,

EFT Administrative

Expenses June 1, 2020 $1,087,763.94 EFT Excess Benefit

Arrangement June 1, 2020 $1,492,047.35 1601936 – 1602852 Monthly Benefits June 1, 2020 $189,147,325.97 EFT Monthly Benefits May 31, 2020 $1,353,307.19 EFT Monthly Benefits Total $204,360,284.64


8/12/2020 8/12/2020

Exhitbit 7

LIMITED/INTERNAL


August 11, 2020




Date Amount Check Numbers or EFT Expense Type May 4 – 29, 2020 $6,801,024.63 1601722 – 1602943,

EFT Daily Benefits

May 8, 2020 $307,611.63 EFT Staff Payroll May 22, 2020 $297,235.24 EFT Staff Payroll May 1 – 29, 2020 $8,925,820.13 64627 – 64726,

EFT Administrative

Expenses May 1 – 4, 2020 $1,092,641.70 EFT Excess Benefit

Arrangement May 1, 2020 $1,499,613.00 1600696 – 1601615 Monthly Benefits May 1, 2020 $188,771,415.87 EFT Monthly Benefits April 30, 2020 $1,321,070.16 EFT Monthly Benefits Total $209,016,432.36


8/12/2020 8/12/2020

Exhitbit 7

LIMITED/INTERNAL


August 11, 2020




Date Amount Check Numbers or EFT Expense Type April 6 – 30, 2020 $10,989,884.75 1600443 – 1601721,

EFT Daily Benefits

April 10, 2020 $298,934.36 EFT Staff Payroll April 24, 2020 $298,831.17 EFT Staff Payroll April 1 – 30, 2020 $6,247,727.04 64528 – 64626,

EFT Administrative

Expenses April 1 – 27, 2020 $1,645,210.67 EFT Excess Benefit

Arrangement April 1, 2020 $1,540,903.81 1599453 – 1600377 Monthly Benefits April 1, 2020 $188,659,457.07 EFT Monthly Benefits March 31, 2020 $1,342,818.24 EFT Monthly Benefits Total $211,023,767.11

_____________________ _________ _______________________ _________ Executive Director/Secretary Date Chief Financial Officer Date

8/12/2020 8/12/2020

Exhitbit 7

LIMITED/INTERNAL

To: SURS Board of Trustees From: Suzanne Mayer, Chief Benefits Officer Date: August 27, 2020 Re: Member Service Division Report

Self-Managed Plan Redesign Effective Sept. 1; plan now known as the Retirement Savings Plan (RSP) During the months of July and August an in-depth communication campaign was conducted to educate members about the upcoming changes to the Self-Managed Plan. Copies of all materials sent to members can be found at surs.org/rsp.

In June, two employer seminars were held providing employers an overview of the redesigned plan. From July 8 – July 31, 27 member educational webinars were held with attendance of 2,052. From Aug 1- Aug 31 SURS defined contribution representatives affiliated with Voya conducted 275 individual appointments. Additionally, SURS own counselors conducted 111 SMP member appointments in July and August.

All mappable member assets were moved to Voya Financial and placed in the SURS Lifetime Income Strategy effective August 26, 2020. Assets were only out of the market 3 business days. Members gain access to their accounts at Voya on Sept. 1. At the time of this update, the implementation is in process so further information is not yet available. An update will be provided during the Sept. 10 investment committee meeting.

457(b) Deferred Compensation Plan Employers are now able to submit Employer Participation Agreements to SURS to enroll in the new SURS 457(b) Deferred Compensation Plan (DCP). Participation Agreements must be approved by SURS and then the proper programming will be setup between SURS and each employer. The first deductions for the DCP will begin being submitted to SURS on December 1, 2020. As of Aug. 27, three employers are signed on to start deductions on that date with additional employers expected to be added. All eligible employers must be enrolled by June 30, 2021.

Plan Choice Microsite & Materials In September, a new SURS educational Plan Choice microsite is being launched. The site is designed to help new members as they make the critical decision of which SURS retirement plan to choose. A demo of the site and screenshots will be available for those interested soon. The SURS Plan Choice Guide has also been redesigned.

Exhitbit 8

LIMITED/INTERNAL

Buyout Update Buyouts were made available to members on June 10, 2019. Applications received and buyout totals as of August 24, 2020, are shown below. Buyout applications and elections received are continuing to remain relatively consistent month-to-month.

Applications Received

Final Offers Sent

Final Offers Accepted (Buyouts Elected)

Final Offers Declined

Total $ Amt of Buyouts Elected

Average Buyout Amount

Regular Retirement

3,108

n/a

n/a

n/a

n/a

n/a

Tier 1 AAI Buyout

100

29

22

5

$2,223,265

$101,057

Vested, Inactive Buyout

67

37

26

5

$15,602,568

$600,098

Totals 3,275 66 48 10 $17,825,833 $371,371

Defined Benefit Claims Fiscal year-to-date, SURS staff has processed 868 total claims including lump-sum refunds, buyouts, retirements, disabilities, death and survivor benefits. Of the 282 retirements finalized, 37% were highest under Money Purchase, 59% General Formula and 4% other. The average age at retirement is 62 and the average length of service is 20.3 years. The average monthly annuity on the date of retirement is $2,615.

Approximately 11% of the finalized retirement claims included a refund of excess contributions and 22% included a refund of survivor contributions. Since July, the lump-sum payouts for these refunds and portable lump-sum retirements totaled over $12 million.

Approximately 13% of finalized retirement claims generated an employer 6% bill.

The chart below shows retirement applications received over the last five fiscal years.

0100200300400500600700800900

1000Retirement Claims

FY2016

FY2017

FY2018

FY2019

FY2020

2019 Money Purchase

2016 Money Purchase Factor Change

Exhitbit 8

LIMITED/INTERNAL

Member Satisfaction Fiscal year-to-date, SURS representatives conducted 632 individual counseling appointments, provided an additional 116 written estimates and conducted two educational webinars. In addition, representatives handled 18,500 incoming callers, and responded to approximately 1,200 member emails. SURS Employer Services conducted 4 virtual employer training sessions. The member webinars and individual counseling appointments conducted by Voya are in addition to these numbers. Since March 16th, all member education has been conducted via phone or webinar. Call volumes have been consistently high throughout the beginning of this fiscal year and many staff are in training which could contribute to a slightly lower than usual satisfaction rating. Overall, members remain very satisfied with the services we are providing especially during this uncertain time.

One hundred percent of members receiving counseling and a random sample of five percent of incoming callers received electronic surveys after their interactions with SURS. Our member satisfaction ratings fiscal year-to-date follows. The SURS lobby has remained closed throughout the COVID-19 pandemic, so no reception statistics are shown.

Member Satisfaction Rating

Target

FY20

Counseling 90% 93%

Call Center 90% 87%

Exhitbit 8

LIMITED/INTERNAL

To: SURS Board of Trustees From: Keith Johnson, SMP Manager Date: August 14, 2020 Re: Self-Managed Plan (SMP) Update, Quarter Ending June 30, 2020 _____________________________________________________________________________________

Overview

As of March 31, 2020, the average SMP participant’s account balance was $127,366 based on 22,647 participants, 14,257 active and 8,390 terminated, with participants’ investments totaling $2,884,458,446. 62.3% of participants’ assets were invested with Fidelity and 37.7% with TIAA-CREF. The average participant is invested in 3 funds.

Fiscal Year 2020 Distributions

For the fiscal year, 93 SMP members have retired and annuitized their account balance through Principal. The average age at annuitization is 62.7. The average monthly annuity is $1,110.54. 54 members annuitized their account balances through TIAA. The average age at annuitization was 63. The average monthly benefit was $1,473.30.

For the fiscal year, 237 SMP retirement eligible participants chose to forego an annuity in favor of a lump-sum distribution. 696 non-retirement eligible, terminated members have taken lump-sum distributions.

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SMP PARTICIPANTS AND AVERAGE ACCOUNT BALANCES as of June 30, 2020

Avg Account BalanceParticipants

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LIMITED/INTERNAL

Membership Composition 49.1% of the SMP active participants are Academic and 50.9% are Staff.

80.6% of active SMP participants are full-time, 19.4% are part-time.

3,924 7,2656,973 13,937 32,099

7,892 10,9397,222 19,191 45,244

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Traditional Portable SMP Default Total

ACTIVE SURS PARTICIPANTSACADEMIC vs STAFF as of June 30, 2020

Academic Staff

11,497 14,654 8,973 21,862 56,986

2,762 3,7203,032

11,59221,106

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SMP Portable Traditional Default Total

Tot. Active FULL TIME vs. PART TIME EMPLOYMENT as of June 30, 2020

Full Time Part Time

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LIMITED/INTERNAL

Education For the fiscal year, SURS has provided individual counseling to 454 SMP members, three Navigating the SMP webinars has been offered with attendance of 305. Plan Election Since January 1, 2011, 12,989 (18.6%) of the 69,820 Tier 2 new hires chose the SMP, 10.16% chose Traditional, 22.21% Portable and 49.02% 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.

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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

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LIMITED/INTERNAL

Self Managed Plan Distributions Distributions paid in quarter ending June 30, 2020 Non-Retirement eligible: Total Non-Retirement eligible 145 $ 8,133,554

Fixed period 78 $ 57,877 Lump sum 46 $ 943,456 Rollovers 98 $ 7,090,649 QILDRO 1 $ 41,572

Retirement eligible: Total Retirement eligible 72 $ 17,411,961

Annuities 38 $ 11,540,771 Fixed period 50 $ 125,134 Lump sum 3 $ 23,841 Rollovers 31 $ 5,722,215 QILDRO 0 $

Death benefits: Total Death benefits 1 $ 774 Annuity 0 $

Lump sum 3 $ 774 Rollovers 0 $

Total: 218 $ 25,546,291

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