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TIER 1 MEMBER GUIDE July 2024TEACHERS RETIREMENT SYSTEM THE STATE OF ILLINOISForeword July 2024VisionThe Member Guide provides an overview of your TRS benefits. You are a member of Tier 1 in the Teachers

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Begin by reading through the Tier I member guide thoroughly to understand the requirements and responsibilities outlined.

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Who needs tier i member guide?

01

Any individual who is a member of Tier I scheme and wants to understand the requirements and responsibilities of being a member.

02

Employers or administrators who are responsible for guiding members through the Tier I scheme.

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What is tier i member guide?

Tier I member guide is a document that provides information about the benefits and contributions of Tier I members in a retirement plan.

Who is required to file tier i member guide?

Employers or plan administrators are required to file the Tier I member guide for each retirement plan that includes Tier I members.

How to fill out tier i member guide?

The Tier I member guide can be filled out by providing accurate and complete information about the benefits, contributions, and rules related to Tier I members.

What is the purpose of tier i member guide?

The purpose of the Tier I member guide is to inform Tier I members about their retirement plan benefits, contributions, and rules.

What information must be reported on tier i member guide?

The Tier I member guide must include information about benefits, contributions, eligibility requirements, vesting schedules, and distribution options for Tier I members.

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