TRS Certifies $6.04 Billion State Contribution for Fiscal Year 2024
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%.