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Teachers Retirement System Board of Trustees Meeting Report - September 2023

TRS held its bimonthly meeting on Sept. 27, 2023. The TRS net position in August was $95,126,417,982. July and August are the busiest months for TRS as it processes end-of-year retirements. The Macon office continues to see an increase in visits from TRS members. The board approved the adoption of the FY 2025 budget. TRS received its 35th consecutive Certificate of Achievement For Excellence in Financial Reporting from the Government Finance Officers Association.

Financial Statement

  • TRS net position in July of 2022 - $92,306,071,868

  • TRS net position in July of 2023 - $97,290,837,2127

  • TRS net position in August of 2022 - $89,013,399,581

  • TRS net position in August of 2023 - $95,126,417,982

Membership Report

There are currently 280,851 members in active status with 236,611 actively contributing. There are 148,582 retirees.

As of Sept. 1, there were 133,632 service retirees receiving an average monthly benefit of $3,566. The average years of service at retirement was 25.54 with an average age at retirement of 60.

Next TRS Meeting

The next TRS Meeting takes place Nov. 15, 2023.


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