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TRS Issues RFP Seeking General Investment Consulting Services

Published Date

SPRINGFIELD, IL – Teachers’ Retirement System is requesting proposals from qualified consulting firms to assist the System in making prudent investment decisions for the system’s $60.7 billion portfolio.

The successful applicant or applicants will demonstrate successful experience in investment strategy, the structure of an institutional investment portfolio, asset allocation, research and sourcing of investment opportunities, performance monitoring, as well as support for a wide range of TRS activities.

TRS Certifies $6.04 Billion State Contribution for Fiscal Year 2024

Published Date

SPRINGFIELD, IL – The Teachers’ Retirement System Board of Trustees certified a $6.04 billion state government contribution for the System in fiscal year 2024.

The FY 2024 state contribution is a 2.5% increase over the state’s $5.89 billion contribution for the current fiscal year. That’s the smallest year-to-year increase in the state contribution in the last decade. During that period, the average annual increase in the state’s appropriation for TRS averaged 6.7%.

TRS Long-term Finances Improve for the Second Straight Year; State Contribution in FY24 to Increase by 2.5%

Published Date

SPRINGFIELD, IL – For the second straight year, the long-term funded ratio of Teachers’ Retirement System has improved, reaching 43.8% at the end of fiscal year 2022. That is a positive increase of 1.3% over the previous year’s funded status.

The TRS Board of Trustees gave preliminary approval to a $6.04 billion state government contribution for the System in FY 2024. That is a 2.5% increase over the state’s $5.89 billion contribution for the current fiscal year.

TRS Investment Strategies Protects Members' Assets in Fiscal Year 22; Portfolio Returns -1.17% During Volatile Economic Year

Published Date

SPRINGFIELD, IL – In a “volatile” year for worldwide financial markets, the investment strategy employed by Teachers’ Retirement System protected member assets and limited the System’s portfolio loss in fiscal year 2022 to -1.17% net of fees, a favorable rate of return compared to other public pension systems across the country.

While a setback in the System’s progress toward long-term financial health, a negative investment return in a volatile economic year has not harmed the System.

TRS Commits More Than $1.5 Billion to Investment Opportunities

Published Date

SPRINGFIELD, IL – The Teachers’ Retirement System Board of Trustees today reviewed more than $1.53 billion in investment commitments made during June and July.

The System committed $680 million and €130 million to 12 private equity opportunities, $200 million to an opportunity in the Real Assets Portfolio and up to $650 million to an opportunity in the Global Income Portfolio. The following specific investment actions were presented to the trustees during its regularly scheduled August meeting:

TRS Investment Strategies Protect Member Assets

Published Date

SPRINGFIELD, IL – The diversified, risk-aware investment strategy employed by Teachers’ Retirement System in response to an unpredictable economy and roller-coaster markets protected System assets during the first nine months of fiscal year 2022.

At the end of the March quarter of fiscal year 2022, TRS assets totaled $66.1 billion, in line with the $66.02 billion total recorded at the end of the December quarter. TRS was able to retain value in spite of market declines, including a negative 4.6% March quarter return for the Standard & Poor’s 500 Index.