Teachers Retirement System (TRS) held its bimonthly meeting on Jan. 27. The TRS net position at the end of Dec. 2020 was $94,180,392,953. TRS launched a YouTube channel in an effort to better provide information to members. Jan. 11 marked the start of a new legislative session and the first year of the new biennium (2021-2022). Any legislation having an economic impact on TRS must be introduced this year, sent for actuarial study over the summer, and voted on in the 2022 session. At this point, no legislation has been introduced having an economic impact on TRS.
TRS now has a YouTube channel to provide members with information. To access the channel, click here.
There are currently 276,847 members in active status. 236,692 members are actively contributing and 136,788 are retirees.
Dec. 1, 2020, there were 122,853 service retirees receiving an average monthly benefit of $3,388. Jan. 1, 2020, there were 122,809 service retirees receiving an average monthly benefit of $3,437.
TRS net position in Nov. 2019 was $81,730,118,303
TRS net position in Nov. 2020 was $91,230,164,815
TRS net position in Dec. 2019 was $83,388,221,740
TRS net position in Dec. 2020 was $94,180,392,953