SPRINGFIELD, IL – Teachers’ Retirement System has retained RVK, Inc. of Portland, Oregon, as the System’s general investment consultant to help TRS make prudent money management decisions for the system’s $64.8 billion portfolio.
Following a competitive selection process, RVK was awarded a five-year consultant contract, the maximum under state law. RVK has been the System’s general consultant since 2006.
Member balloting this spring to elect three “active” members and one “annuitant” member to four-year terms on the Teachers’ Retirement System Board of Trustees was canceled in February because the voting portion of the election process was unnecessary.
SPRINGFIELD, IL – The Teachers’ Retirement System’s Supplemental Savings Plan continued to see steady growth as it passed its one-year anniversary in January, according to statistics reviewed by the TRS Board of Trustees.
Throughout 2022, more than 1,000 active TRS members elected to participate in the SSP, which is an optional 457(b) deferred compensation savings program that is designed to help retirees supplement their TRS pensions. The SSP was launched on January 1, 2022.
Altogether, payroll deductions for the SSP totaled $2.9 million.
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.
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%.
SPRINGFIELD, IL – Teachers’ Retirement System is requesting proposals from qualified consulting firms to assist the System in making prudent investment decisions in the private debt/credit portion of the TRS Global Income Portfolio.
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.
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.
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:
