TRS of Illinois http://trs.illinois.gov
TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS


Excess Salary Increase Calculator

 

To calculate the estimated employer contribution for salary increases above 6 percent, fill in the following fields:

*   Indicates required fields.

Member name (optional):

Birthdate*:
(format: mm/dd/ccyy)

Anticipated retirement date*:
(format: mm/dd/ccyy)

Total service credit at retirement (including sick leave credit)*:
(format: xx.xxx)

Early retirement option*:









Under the contract column, put a checkmark in the box next to any salaries that were paid under a contract that was entered into before June 1, 2005. Do not put a checkmark in the box next to any salaries that were paid under a contract entered into on or after June 1, 2005. NOTE: Enter school years in ascending order.

Contract* School Year* Actual or
Projected
Salary*
   
         






This amount may vary depending upon the final calculation. This is only an estimate and does not represent the actual amount that may be owed by the school district and should not be relied on as a final determination of the employer cost for excess salary increase.12/05