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.
Just as TRS members rose to the enormous
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.
