Title: | Teachers' Retirement System Board of Trustees |
Website: | Teachers' Retirement System Board of Trustees |
Contact Name: | Stan Rupnik |
Contact Title: | Executive Director and Chief Investment Officer |
Contact E-Mail: | executive_director@trsil.org |
Function: | The Board administers Teachers’ Retirement System that provides retirement annuities and other benefits for teachers and beneficiaries. |
Term: | 4 years |
Senate Confirmation: | Yes |
Party Affiliation: | N/A |
Qualifications: | Residents and taxpayers in territory covered by system who are interested in public school welfare and experienced and competent in financial and business management – can be resident of Cook County,
but not the City of Chicago |
Compensation: | Expenses |
Composition: | 15 trustees:
- 7 trustees appointed by the Governor, who are not members of the system, who shall not hold an elected state office;
- 5 trustees who are active participants, who are teachers, elected by active participants who are teachers; and
- 2 annuitant trustees elected by annuitants;
- Superintendent of Education.
|
Chair: | Appointed by the Governor from among the trustees |
Authority: | 40 ILCS 5/16‑163 |