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TRS Sets Preliminary FY21 State Contribution at $5.1 Billion; FY19 Net Investment Return was 5.1%

Published Date

SPRINGFIELD, IL – The Teachers’ Retirement System Board of Trustees has given preliminary approval to a $5.14 billion state contribution to the System for fiscal year 2021, a 6.9 percent increase over the current fiscal year’s government contribution of $4.81 billion.

The Board also announced that the TRS investment portfolio generated a positive 5.15 percent return, net of fees, during fiscal year 2019.

TRS Invests $1.15 Billion on Behalf of Illinois Educators

Published Date

SPRINGFIELD, IL – Teachers’ Retirement System reported $1.15 billion in strategic allocations to various investment opportunities designed to enhance the retirement trust fund for the System’s 417,000 members.

During the Board of Trustees’ regularly scheduled August meeting, the TRS investment staff reported the following actions:

Jose Gonzalez To Lead TRS Diversity and Emerging Manager Program

Published Date

SPRINGFIELD, IL – Veteran TRS investment staff member Jose Gonzalez has been named by Teachers’ Retirement System to be the investment officer leading the System’s $750 million Emerging Manager Program, which continually identifies and nurtures growing money managers.

The Emerging Manager Program is an integral element of the long-standing TRS commitment to expanding opportunity and diversity within its investment portfolio.

Byas, Hirshman and Strand Elected to TRS Board

Published Date

SPRINGFIELD – Marsha Byas of Harrisburg, Trustee Andrew Hirshman of Oak Park and Douglas Strand of East Moline have been elected by members of Teachers’ Retirement System to the retirement fund’s Board of Trustees, according to preliminary results of the 2019 Trustee election announced today.

If certified by the TRS Board of Trustees this spring, Ms. Byas, Mr. Strand and Trustee Hirshman will begin their four-year terms on July 15.

TRS Commits More Than $1.8 Billion To Investment Opportunities

Published Date

SPRINGFIELD, IL – Teachers’ Retirement System has committed more than $1.8 billion to various investment opportunities; all designed to advance the mission of TRS on behalf of its 417,000 members.

During a regularly scheduled meeting of the TRS Board of Trustees, the System’s investment staff reported the following actions:

Within the $16.9 billion Public Equity Portfolio:

TRS Members Boost Economy By $16.1 Billion Annually

Published Date

SPRINGFIELD, IL – The salaries and retirement benefits of working and retired public school teachers create a $16.1 billion economic stimulus annually in Illinois, according to a study by Teachers’ Retirement System measuring the impact of TRS members across the state.

The study, completed in November of 2018, revealed that salaries paid to active TRS members teaching in schools and pensions and benefits paid to retired members also support 110,600 jobs in every part of Illinois with a combined payroll of $4.7 billion.