TRS Sets Preliminary FY22 State Contribution at $5.7 Billion, Net FY20 Investment Return was 0.6%
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.