SPRINGFIELD, IL – The Teachers’ Retirement System Board of Trustees certified a $6.04 billion state government contribution for the System in fiscal year 2024.

The FY 2024 state contribution is a 2.5% increase over the state’s $5.89 billion contribution for the current fiscal year. That’s the smallest year-to-year increase in the state contribution in the last decade. During that period, the average annual increase in the state’s appropriation for TRS averaged 6.7%.

SPRINGFIELD, IL – Teachers’ Retirement System is requesting proposals from qualified consulting firms to assist the System in making prudent investment decisions in the private debt/credit portion of the TRS Global Income Portfolio.

SPRINGFIELD, IL – For the second straight year, the long-term funded ratio of Teachers’ Retirement System has improved, reaching 43.8% at the end of fiscal year 2022. That is a positive increase of 1.3% over the previous year’s funded status.

The TRS Board of Trustees gave preliminary approval to a $6.04 billion state government contribution for the System in FY 2024. That is a 2.5% increase over the state’s $5.89 billion contribution for the current fiscal year.

SPRINGFIELD, IL – In a “volatile” year for worldwide financial markets, the investment strategy employed by Teachers’ Retirement System protected member assets and limited the System’s portfolio loss in fiscal year 2022 to -1.17% net of fees, a favorable rate of return compared to other public pension systems across the country.

While a setback in the System’s progress toward long-term financial health, a negative investment return in a volatile economic year has not harmed the System.

SPRINGFIELD, IL – The Teachers’ Retirement System Board of Trustees today reviewed more than $1.53 billion in investment commitments made during June and July.

The System committed $680 million and €130 million to 12 private equity opportunities, $200 million to an opportunity in the Real Assets Portfolio and up to $650 million to an opportunity in the Global Income Portfolio. The following specific investment actions were presented to the trustees during its regularly scheduled August meeting:

TRS Investment Strategy Protects 2021 Gains Despite Market Volatility

The diversified, ri

SPRINGFIELD, IL – The diversified, risk-aware investment strategy employed by Teachers’ Retirement System in response to an unpredictable economy and roller-coaster markets protected System assets during the first nine months of fiscal year 2022.

At the end of the March quarter of fiscal year 2022, TRS assets totaled $66.1 billion, in line with the $66.02 billion total recorded at the end of the December quarter. TRS was able to retain value in spite of market declines, including a negative 4.6% March quarter return for the Standard & Poor’s 500 Index.

Gov. Pritzker Calls for $500 Million in “Extra” Funding for State Pensions

Gov.

SPRINGFIELD, IL – Governor JB Pritzker’s plan to appropriate more money than the minimum requirement to Illinois’ public pensions in fiscal year 2023 was praised Thursday by TRS leaders as a commitment to improve the retirement security of the state’s teachers.