COVID-19 Updates: Member Services Response & Investments Rebound

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.

TRS Works Hard to Overcome COVID-19 Effect on Investments

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.

Contact: Dave Urbanek, Public Information Officer                                                                                          
Office: 217-814-2177
Cell: 217-891-0140
durbanek@trsil.org

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.