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Reciprocal Retirements
Service from two or more Illinois public pension systems combined at retirement. The State of Illinois Reciprocal Act governs how the service records are combined and how the benefits are calculated.
Spring 2018 Topics & Report
Executive Director’s Message: Funding, Teacher Shortages & Tier 3 Planning
Salary Increases Over 6 Percent
Public Act 94-0004, signed into law in June 2005, requires employer contributions for salary increases in excess of 6 percent.
Foreword
July 2024
The Member Guide provides an overview of your TRS benefits. You are a member of Tier 2 in the Teachers’ Retirement System of the State of Illinois (TRS) because you first contributed to TRS on or after Jan.
TRS Sets Preliminary FY21 State Contribution at $5.1 Billion; FY19 Net Investment Return was 5.1%
SPRINGFIELD, IL – The Teachers’ Retirement System Board of Trustees has given preliminary approval to a $5.14 billion state contribution to the System for fiscal year 2021, a 6.9 percent increase over the current fiscal year’s government contribution of $4.81 billion.