TRS explains retirement process and crucial documentation for teachers

On June 3, 2025, the Teachers' Retirement System (TRS) Board of Trustees in Illinois hosted a webinar aimed at guiding educators through the retirement process. The session focused on the timeline from the last day of work to the first benefit check, emphasizing the behind-the-scenes activities that ensure a smooth transition into retirement.

The presentation began by outlining the critical steps that retirees must take to initiate their benefits. Participants were informed that after their final workday, the processing of retirement claims begins, contingent upon the timely submission of necessary paperwork. This includes the retirement application, which is essential for starting benefit payments, and optional forms for direct deposit and health insurance enrollment.

A significant point of discussion was the importance of understanding health insurance options available to retirees. The TRS highlighted the need for timely enrollment in health insurance programs, as well as the implications of post-retirement employment. Strict regulations govern returning to TRS-covered work, and retirees were cautioned about the potential consequences of re-entering the workforce too soon.

The webinar also addressed future annual benefit increases and the tax implications of retirement income, particularly noting that retirees will begin filing taxes that include TRS income starting in January 2026. Participants were encouraged to stay informed about their accounts and benefit details, including deductions and pay stubs.

The session underscored the importance of two key forms that employers must submit after an employee's last day: the supplementary report form and the sick leave granting certification. These documents are crucial for calculating retirement benefits, as they provide essential data about the retiree's final year of work and any additional sick leave granted.

In conclusion, the TRS webinar served as a vital resource for educators approaching retirement, clarifying the necessary steps and timelines involved in securing their benefits. As the retirement landscape continues to evolve, understanding these processes will be essential for ensuring a smooth transition into this new phase of life.