Contribution Confirmation
TRS employers may wish to confirm with TRS totals that have been remitted for or during a fiscal year. TRS encourages employers to obtain the information directly from the secure Employer Access area of the TRS website. Under Accounting in the left navigation bar, select "Accounts" to view totals or select "Reports" to print totals. One of the reports available is a Fiscal Year Contribution Totals Report (available to employers from April 1 through December 31). Employers should provide that report to auditors requesting remittance information.
Contribution Rates
| Contribution Type | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 |
|---|---|---|---|---|---|---|---|
| TRS Contributions | |||||||
| Member TRS retirement contribution | 9.0% | 9.0% | 9.0% | 9.0% | 9.0% | 9.0% | 9.0% |
| Employer TRS retirement contribution | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Employer TRS contribution on federally-funded salary | 10.10% | 9.85% | 10.66% | 10.41% | 10.31% | 10.49% | 10.60% |
| THIS Fund Contributions | |||||||
| Member THIS (insurance) contribution | 1.18% | 1.24% | 1.24% | 1.24% | 0.90% | 0.90% | 0.90% |
| Employer THIS (insurance) contribution | 0.88% | 0.92% | 0.92% | 0.92% | 0.67% | 0.67% | 0.67% |
Earnings Limitations
The limitations will change each year.
| Earnings Limitations | 2018-19 | 2019-20 | 2020-21 | 2021-22 |
2022-23 |
2023-24 |
|---|---|---|---|---|---|---|
| Tier 1 Members* | $275,000.00 | $280,000.00 | $285,000.00 | $290,000.00 | $305,000.00 | $330,000.00 |
|
Tier 2 Members** |
$114,951.83 | $115,928.92 | $116,740.42 | $116,740.42 | $119,892.41 | $123,489.18 |
|
An employer contribution is due on any portion of a member’s salary that is greater than the governor’s statutory salary. The governor’s statutory salary is subject to change annually. |
||||||
| Governor's Annual Salary | $177,500.00 | $177,500.00 | $181,700.00 | $184,800.00 | $205,700*** | TBD |
*Established TRS membership after June 30, 1996. First contributed to TRS or a reciprocal system before Jan. 1, 2011.
**Applicable only to members establishing membership with TRS or a reciprocal system after December 31, 2010.
***Was $190,700.00 until Jan. 9, 2023 when salary increases were signed into law for members of the Illinois legislative and executive branches.
TRS Supplemental Savings Plan Contribution Limits
| Limit* | 2022 | 2023 |
|---|---|---|
| 457 Deferral Limit
The lesser of the limitation on vested contributions to 457 plans under IRC Section 457(e)(15) or 100% of includible compensation. The total of TRS SSP codes 03 (SSP Pre-tax), 06 (Roth SSP) and employer contributions cannot exceed this limit. |
$20,500 | $22,500 |
|
Age 50+ Catch-up Limit The special catch-up is available under IRC Section 414(v) for individuals at least 50 years old in 2022 and making eligible pre-tax contributions to 401 (k), 403(b ), and governmental 457 plans. The total of TRS SSP codes 04 (SSP Catch-Up) and 07 (Roth SSP Catch-Up) cannot exceed this limit. |
$6,500 | $7,500 |
|
457 Special Catch-up Limit The special catch-up election for employees participating in an eligible 457 deferred compensation who have elected the special catch-up available in the three years prior to the year of normal retirement age. The total of TRS SSP codes 05 (SSP Special Catch-up) and 08 (Roth SSP Special Catch-up) cannot exceed this limit. Note: The participant in a governmental 457(b) plan may make catch-up contributions in a year equal to the greater of (a) the amount permitted under the age 50+ catch-up, or (b) the amount permitted under the 457 catch-up. |
$41,000 | $45,000 |
| * Participants may contribute up to the maximum annual limit in pre-tax and/or Roth after-tax dollars minus any employer contributions they may receive. The dollar limit applies to all 457(b) accounts combined, even if the plan is not sponsored by TRS. | ||
CURRENT: Teachers' Retirement Insurance Program Rates as of July 1, 2023
| Type of Plan | Not Medicare Primary Under Age 26 |
Not Medicare Primary Age 26-64 |
Not Medicare Primary Age 65 & Above |
Medicare Primary* All Ages |
|
| Benefit Recipient | Managed Care Plan (OAP & HMO) | $106.45 | $330.67 | $450.52 | $130.68 |
| Teachers' Choice Health Plan (TCHP) | $276.27 | $771.71 | $1,172.71 | $309.86 | |
| TCHP when a managed care plan is unavailable in your county | $138.13 | $385.85 | $586.37 | $154.94 | |
| Dependent Beneficiary | Managed Care Plan (OAP & HMO) | $425.96 | $1,322.65 | $1,802.05 | $450.24** |
| Teachers Choice Health Plan (TCHP) | $552.55 | $1,543.41 | $2,345.44 | $619.72 | |
| TCHP when a managed care plan is unavailable in your county | $552.55 | $1,543.41 | $2,345.44 | $464.80** | |
* You must enroll in both Medicare Parts A and B to qualify for the lower premiums. Send a copy of your Medicare card to TRS. If you or your dependent is actively working and eligible for Medicare, or you have additional questions about this requirement, contact the CMS Group Insurance Division, Medicare Coordination of Benefits (COB) Unit at (800) 442-1300 or (217) 782-7007.
** Medicare Primary dependent beneficiaries enrolled in a managed care plan, or in TCHP when no managed care plan is available, receive a premium subsidy
TRAIL MAPD Monthly Contributions
Effective Jan. 1, 2023
|
|
PPO Plan Aetna |
|
Member Rate |
$2.06 |
|
Dependent Rate |
$6.18 |