Insurance Benefits Choice Period Begins May 1

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TRS Issues Update

A number of bills are under consideration by the General Assembly during the 2013 spring session. It is impossible to predict when, if at all, final action will be taken on any bill. TRS will continue to track the status of major legislation in the General Assembly that would affect its members and the Illinois Pension Code. Here is a list of the bills that TRS currently is monitoring:

• Senate Bill 1 – a comprehensive overhaul of the pension code that affects benefits
• Senate Bill 1366 - extending the Early Retirement Option
• Senate Bill 2404 – a comprehensive overhaul of state pension system funding
• House Bill 1154– a cap on salaries reported to TRS and used to calculate a pension
• House Bill 1165– a reduction in the annual cost of living adjustment
• House Bill 1166– an increase in the minimum retirement age
• House Bill 2900 – extending the Early Retirement Option

The following resources are designed to help you track active bills in the legislature and to help you understand what those bills mean.

• Major Pension Legislation
• TRS Speaks– A statewide compilation of TRS responses to news articles and letters-to-the-editor
• TRS Issues & Discussion– Questions and discussion about issues facing TRS members

What's Happening at TRS

• Spring Topics & Report Newsletter (PDF)
• TRS Hires Two Advisors to Aid Real Estate Portfolio
• TRS Posts Strong Investment Results for Calendar Year 2012
• TRS Begins Developing Contingency Plans for Pension Reform
• Statement of the Teachers' Retirement System Board of Trustees

To expedite your search for specific information, please use our search engine on the top right hand corner of our website.

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