Board of Trustees of the Teachers' Retirement System of the State of Illinois Board Meeting
The board addressed various administrative and operational matters. Discussions included committee and working group assignments and the election of a vice president. The board reviewed reports from the Audit, Investment, and Rules and Personnel committees, resulting in the approval of tactical plans for real estate, real assets, and private equity, as well as the certification of trustee training hours. Other key topics included an overview of the fiscal year 2027 annual business plan, an update on the Polaris modernization project, and the determination of future meeting locations. Additionally, the board held an executive session to discuss personnel, litigation, and audit-related matters, and authorized the release of certain executive session minutes and the destruction of associated audio recordings.
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The agenda includes an Executive Director's report covering economic assumptions, trustee recognition, and policy manual updates. Additionally, the meeting will feature a legislative update, various committee reports, and a progress report on the strategic plan including an enterprise risk assessment. Key business items include an update on the Polaris system modernization, the approval of the fiscal year 2027 administrative budget, and the review of financial statements. The board will also address travel and education requests, hold an executive session, and receive trustee comments.
Jun 11, 2026·Board meeting
Investment Committee of the Board of Trustees of the Teachers' Retirement System of the State of Illinois Minutes
The committee reviewed the legal update for investment counsel activities and received follow-up information regarding the TRS University program. Reports were presented concerning the investment portfolio, cash flow requirements, investment activity, and investment risk. Additionally, the committee analyzed data on the utilization of MWDBE brokers and managers, received an overview of investment performance and pension trends, and recommended the adoption of the proposed asset allocation policy.
Jun 11, 2026·Board meeting
Audit Committee of the Board of Trustees of the Teachers' Retirement System of the State of Illinois Meeting Minutes
The Audit Committee meeting involved the review and recommendation for approval of the revised Internal Audit Plan for fiscal year 2026, as well as the new Internal Audit Plan for fiscal years 2027 and 2028. Additionally, the committee received an internal audit update and entered into an executive session to discuss matters related to internal control weaknesses and potential fraud risk areas as authorized by the Open Meetings Act.
