Post-retirement Employment Limitations Reduced
Beginning in July 2011, a retired Tier I member may work in a TRS-covered position for 100 days or 500 hours each school year and not lose benefits. The old limit, which expired at the end of June 2011, was 120 days or 600 hours per year. A member's benefits are suspended if the limit is exceeded. Click here for more information.
Tier I and Tier II Retirement Plans Explained
Public Act 96-0889 adds a new section to the Pension Code that applies to anyone who first contributed to the Teachers’ Retirement System on or after January 1, 2011. Please select the following link to read more: EZ Guide to Retirement Plan Tier I and Retirement Plan Tier II under Public Act 96-0889
TRIP Premiums
Monthly premium amounts for July 1, 2011 are available in the Benefit Choice booklet on page 3. They remain the same as 2010.
Contribution Rates
| Contribution Type |
2009-10 |
2010-11 |
2011-12 |
2012-13 |
| TRS Contributions |
| Member TRS retirement
contribution |
9.40% |
9.40% |
9.40% |
9.40% |
| Employer TRS retirement contribution |
0.58% |
0.58% |
0.58% |
0.58% |
| Employer TRS contribution on federally-funded salary* |
23.38% |
23.10% |
24.91% |
28.05%** |
| THIS Fund Contributions |
| Member THIS (insurance) contribution |
0.84% |
0.88% |
0.88% |
*** |
| Employer THIS (insurance) contribution |
0.63% |
0.66% |
0.66% |
*** |
* The rate is equal to the state contribution rate and changes each fiscal year.
** This rate is preliminary and is listed for planning purposes only.
***The Department of Healthcare and Family Services has not yet determined rates for 2012-13.
If you have questions, email us at employers@trs.illinois.gov or call (888) 877-0890. |
