Employers
Employers provide a vital link between members and TRS. They forward member and employer contributions, report member earnings, member service credit information, and disseminate information about TRS to more than 159,000 active members. Information provided by employers determines the members' current service credit, creditable earnings, and retirement contributions.
Employer Spotlight
Annual Reporting Changing to Pay-Period Reporting on July 1, 2020
Public Act 100-0769 was passed August 10, 2018 to implement a voluntary defined contribution (DC) plan for our members. To accommodate this change, TRS is migrating from its current annual reporting process to pay-period based reporting. The anticipated reporting process change is scheduled to take effect on July 1, 2020. Over the next 16 months, TRS will be working diligently to facilitate the change and make the transition for our employers as smooth as possible.
TRS will be:
- developing a new software which will allow employers to report on a pay-period basis;
- communicating updates on the progress of the project, which is called Gemini;
- providing training on the new reporting method on an on-going basis; and
- testing employer data files in the new file format prior to the anticipated implementation in July 2020.
As the first step to this transition, we have defined a new format in which employer earnings and service information will be reported in the future. For more details, please read Employer Bulletin 19-14.
Collective Bargaining Agreements Collection Portal Online
In February, Teachers’ Retirement System activated its new CBA/Contract Collection Portal within the Employer Access area of the TRS website. This new portal has been established to help TRS and employers administer Public Act 100-0587, signed into law June 4, 2018, that may affect the amount of employer contributions paid to TRS.
Please read Employer Bulletin 19-12, entitled "CBA Collection Now Online; Employer Submissions Required."
For additional information, please refer to the following resources: Frequently Asked Questions web page, Completing the CBA Collection Process tutorial and Employer Bulletin 19-09. If you have any questions, contact TRS Employer Services at employers@trsil.org or 888-678-3675, option 1.
2018 Employer Informational Seminar Videos
All of the 2018 Employer Informational Seminars have been completed. Thank you to all who attended this year. On June 6, the seminar was recorded and the three videos can be viewed on YouTube using the following links.
1 of 3: https://www.youtube.com/watch?v=V3xbzzLAfNc
