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Aug 5, 2021

July Teachers Retirement System Board of Trustees Meeting

TRS held its bimonthly meeting on July 28, 2021. The TRS net position at the end of June was $102,152,614,492. Executive Director Dr. L.C. Evans presented the board with an updated membership report, and the board approved the Amended FY 2022 budget and the FY 2023 budget.


Membership Report

  • Service retirements rose from 6,116 in FY 20 to 6,835 in FY 21.

  • As of July 1, 2021, there were 125,612 service retirees with an average monthly benefit of $3,456 and an average age of 59 at retirement.

Financial Statements

  • The TRS net position in May 2020 was $79,736,612,294. The TRS net position in May 2021 was $101,358,309,710.

  • The TRS net position in June 2020 was $81,161,558,255. The TRS net position in June 2021 was $102,152,614,492.



Adoption of FY 2022 Amended Budget and FY 2023 Budget

  • The board approved the amended FY 2022 TRS budget of $45,267,213.

  • The board approved the FY 2023 budget of $45,712,213.


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