SSP LogoEligible TRS members can Bring More with the Supplemental Savings Plan (SSP).

In 2022 the TRS SSP was launched, in accordance with Illinois law – 40 ILCS 5/16-204 – requiring Teachers’ Retirement System to offer an optional defined contribution benefit to eligible active members of the System. To comply with this law, TRS has contracted with Voya Financial to develop and offer the TRS Supplemental Savings Plan (SSP). The SSP is a 457(b) retirement plan.

This page is intended to keep TRS employers up-to-date with the latest information regarding the SSP.

PARTICIPATING EMPLOYERS

The law states all employers are required to implement the benefit and must comply with the reporting and administrative functions established by TRS. Employers must adopt the TRS Supplemental Savings Plan for their eligible employees to participate in the SSP. View the list of Participating Employers who have adopted the SSP. If you are an eligible employer that has not yet adopted the SSP, click here to learn next steps. 

INELIGIBLE EMPLOYERS

TRS-covered employees of tax-exempt non-government employers, such as labor unions and professional associations, are not eligible to participate in the SSP.

These employers are the Illinois Education Association, Illinois Federation of Teachers and the Illinois Association of School Boards. While these employers have an educational purpose, they are not government employers and their employees are not eligible to participate in the SSP.

SSP Employer Support

If you have any questions, please contact TRS at SSP@trsil.org or 888-678-3675, option 3.

Resources

Employer Bulletins for Reference 

Associated Documents
Summary Plan Description for the TRS Supplemental Savings Plan
SSP Investment Options Flyer 2024
Supplemental Savings Plan Employer Participation Agreement
SSP Authorized Contact Form
TRS Plan Document as of August 2023
Plan Highlights
Sample Resolution
Sample Form
Supplemental Savings Plan Compensation Definition