Under the direction of the executive director, the Teachers’ Retirement System employed a staff of 174 as of June 30, 2007. The staff is located in two facilities. The main office is in Springfield, Illinois. The northeastern Illinois regional office is in Lisle.
Organizational Chart
Administration as of January 1, 2008
Jon Bauman |
Executive Director |
Jana Bergschneider
|
Director of Administration |
Andrew Bodewes |
Director of Government Affiars |
Kathleen Farney |
Director of Research |
Rich Frankenfeld |
Director of Outreach |
Eva Goltermann |
Public Information Officer |
Tom Gray |
General Counsel |
Gina Larkin |
Director of Human Resources |
|
Ed Mabie |
Information Systems Officer |
Kathy Pearce |
Communications Supervisor |
Stan Rupnik |
Chief Investment Officer |
Stacy Smith |
Internal Audits Manager |
Terry Viar |
Director of Member Services |
Administrative Budget
The TRS administrative budget for fiscal year 2008 is $20.4 million. This amount represents approximately 0.05 percent of the value of TRS net assets at market value on June 30, 2007. This amount is less than 0.60 percent of total estimated expenditures for fiscal year 2008.
| |
Fiscal Year 2007
(in thousands) |
Fiscal Year 2006
(in thousands) |
| Net assets |
$41,909,318 |
$36,584,889 |
| Accrued liability |
65,648,395 |
58,996,913 |
| Unfunded liability |
23,739,077 |
22,412,024 |
Funded ratio
(assets/accrued liability) |
63.8% |
62.0% |
Total return
(net of fees) |
19.2% |
11.8% |
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