TRS 6% Threshold Reinstated

On June 5, 2019, the TRS 6% threshold for end-career salary increases was reinstated retroactive to July 1, 2018.  Previously, in 2018, Public Act 100-0587 lowered that threshold from 6% to 3% effective on salaries paid after July 1, 2018.  Now, once again, when a TRS member retires, the employer school district is required to pay contributions to TRS in an amount equal to the actuarial value of the member’s pension that results from any salary increases over 6% that are used in calculating the member’s final average salary.  A link to the TRS Employer Bulletin can be found here:  https://www.trsil.org/sites/default/files/documents/1922.pdf

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