$6.59 Billion State Contribution Certified for Fiscal Year 2027

FOR IMMEDIATE RELEASE

Contact:
Communications Office, Teachers' Retirement System of the State of Illinois (TRS)
[email protected]

SPRINGFIELD, IL - The Teachers' Retirement System of the State of Illinois (TRS) Board of Trustees today received and accepted the results of the System's actuarial valuation as of June 30, 2025, including the final certification of the fiscal year 2027 state contribution.

During its regularly scheduled December meeting, the Board heard a presentation of the State Actuary's draft report recommendations on the annual actuarial valuation by the System actuary. Following the presentation and discussion, the Board approved the final certification amounts in accordance with both Illinois statute and the Board's funding policy.

Under Illinois statute, the Board certified a fiscal year 2027 state funding amount of $6.59 billion, which includes $200,000 for minimum retirement benefits. In accordance with the Board's funding policy, the Board also certified a fiscal year 2027 funding amount of $11.18 billion, which includes $200,000 for minimum retirement benefits.

"This annual valuation is a critical component of the System's funding and oversight process," said Stan Rupnik, Executive Director and Chief Investment Officer of TRS. "It provides an independent assessment of the System's financial position and informs the contribution levels needed to support the long-term sustainability of benefits promised to Illinois educators."

"Reviewing and certifying the actuarial valuation and state funding certifications is one of the Board's most important responsibilities," said Matthew Hunt, President of the TRS Board of Trustees. "These actions reflect our commitment to sound governance, fiscal discipline, and ensuring the long-term integrity of the retirement system for current and future members."

TRS conducts an actuarial valuation each year to assess the System's assets, liabilities, and funding status, and to determine the statutorily required state contribution for the upcoming fiscal year.

During the December board meeting, the TRS Board of Trustees reviewed the following:

Public Equity annual review, Diversifying Strategies tactical plan and the Emerging Manager Program review.

The Teachers' Retirement System of the State of Illinois is the 34th largest public pension system in the United States and provides retirement, disability, and survivor benefits to teachers, administrators, and other public-school personnel employed outside of Chicago. The System serves more than 456,000 members and had assets of $80.83 billion as of October 31, 2025.