SPRINGFIELD, IL – The Teachers’ Retirement System Board of Trustees have named R. Stanley Rupnik, an 18-year veteran of the System, as the new TRS Executive Director/Chief Investment Officer.
SPRINGFIELD, IL – Teachers’ Retirement System closed out a challenging 2020, dominated by the economic upheaval of the COVID-19 pandemic, with a positive 7.9 percent investment return and a $57.2 billion portfolio – the largest balance in the System’s 82-year history.
SPRINGFIELD, IL – The Teachers’ Retirement System Board of Trustees confirmed its long-standing commitment to increase diversity, equity and inclusion within its investment program by enlarging the size of the System’s Emerging Manager Program (EMP) from $750 million to $1 billion.
The increase in the size of the EMP is just one part of a multi-pronged “reimagining" of the 15-year-old program and the System’s efforts to increase diversity. Currently the EMP is composed of 17 relationships with a total TRS commitment of $724 million.
SPRINGFIELD, IL – The Teachers’ Retirement System Board of Trustees has given preliminary approval to a $5.69 billion state contribution to the System for fiscal year 2022, a 10.7 percent increase over the current fiscal year’s government contribution of $5.14 billion.
The Board also announced that due to the economic upheaval created by the COVID-19 pandemic, the final TRS investment return for FY 2020 was +0.55 percent, net of fees, on June 30. By comparison, on December 31, 2019, the half-way mark in FY 2020, the TRS rate of return was +13.41 percent.
SPRINGFIELD, IL – Teachers’ Retirement System has issued a “request for proposals” seeking an executive search firm to assist the TRS Board of Trustees with the recruitment and hiring of a new executive director for the System.
All proposals responding to the executive search firm RFP must be submitted in writing to TRS by 2 PM C.S.T. on Wednesday, September 23, 2020.
The complete the RFP, including detailed instructions for submitting a proposal, is posted on the System’s website, www.trsil.org.
In the wake of the economy-crippling COVID-19 pandemic, Teachers’ Retirement System assets experienced a $4.9 billion rebound between March and July, climbing to a total of $53.4 billion.
SPRINGFIELD, IL – In the wake of the economy-crippling COVID-19 pandemic, Teachers’ Retirement System assets experienced a $3 billion rebound during the March-to-June quarter of fisal year 2020, climbing to a total of $51.6 billion.
SPRINGFIELD, IL – Teachers’ Retirement System continues to protect member assets as much as possible and has slowly started to recapture funds lost to the economic devastation of the coronavirus pandemic.
The System’s strategic focus is on a prudent, long-term allocation of assets that is mindful of investment risk, protects assets during any economic downturn and is nimbly poised to take advantage of economic growth.
SPRINGFIELD, IL – All TRS member benefits for April were paid in full and on schedule today, despite coronavirus restrictions.
Working from home, TRS staff processed and certified payments for 124,853 retired members and beneficiaries and sent the payment requests to the Illinois Comptroller’s office. The Comptroller’s office then transferred the funds on time to the bank accounts of all eligible members.
The benefits paid for April totaled $586 million.