Eligible 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
- SSP Overview and Updates
- SSP Reporting Training, Sept. 2024
- Supplemental Savings Plan Member Education Kit (Email with links sent Aug. 2024)
- SSP Member Kit Poster
- TRS Benefits - New Hire Flyer
- Summer Payroll Training, May 2024 (see slides 12-20 for SSP Summer Payroll Reporting)
- SSP Automatic Enrollment Employer Training, Nov./Dec. 2022
Employer Bulletins for Reference
- FY25-04: SSP Upcoming Trainings, 2025 IRS Contribution Limits, Reminders & Updates
- FY24-05: SSP Update: Removal of the 1st of the Month Rule for New Enrollments & Changes
- FY24-04: SSP Trainings, Resources & Plan Updates
- FY23-20: SSP Deferred Payment Update and Delinquent Contributions Emails
- FY23-17: Automatic Enrollment is Live
- FY23-15: TRS Supplemental Savings Plan Update
- FY23-14: Supplemental Savings Plan Resources
- FY23-06: TRS Supplemental Savings Plan Resources