Full-Time

Payroll and Insurance Supervisor

Posted on 10/1/2025

Deadline 10/14/25
Teachers’ Retirement System of the State of Illinois

Teachers’ Retirement System of the State of Illinois

51-200 employees

Manages pension benefits for Illinois educators.

Compensation Overview

$76.1k - $118.6k/yr

Springfield, IL, USA

In Person

Category
Accounting (1)
Required Skills
Data Analysis
Requirements
  • Bachelor’s degree in business, accounting, or a related field OR five (5) years of related experience in lieu of a degree.
  • Knowledge of the State of Illinois Group Insurance Act and Article 16 of the Illinois Pension Code.
  • One year in a supervisory or team lead/senior/specialist role.
Responsibilities
  • Supervise and direct the daily activities of Payroll & Insurance analysts.
  • Responsible for directing workflows, reviewing work, assigning tasks, approving time, and approving payroll and insurance transactions to ensure production deadlines are met.
  • Prepare employee performance reviews and hold staff accountable per TRS policies. Recommend disciplinary action, when needed, and handle employee concerns.
  • Assist with the training and development of Payroll & Insurance analysts.
  • Assist with developing and updating departmental policies and procedures.
  • Assist with balancing the TRS Annuitant Periodic and Non-Periodic payroll records, preparing payroll vouchers, and obtaining proper signatures.
  • Assist with the transfer of payroll vouchers and files to the Office of the Illinois Comptroller. Serve as back up for failed vouchers and notify the Payroll & Insurance Manager of any issues.
  • Assist with weekly and annual enrollment files pertaining to the Teachers’ Retirement Insurance Program (TRIP) and the State Group Insurance Program. Work with CMS and the CMS third party enrollment administrator to correct any TRIP or State group insurance issues.
  • Support the PAS Modernization project, as it relates to the Payroll & Insurance department. Participate in User Acceptance Testing (UAT), requirements development, and assist the department manager with PAS system enhancements and product reviews.
  • Assist with internal and external Payroll & Insurance audits.
  • Gather and maintain operating statistics for the Payroll & Insurance Manager.
  • Responsible for ensuring the appropriate action is taken to satisfy the requirements of various Daily and User Action Reports.
  • Provide counseling to members, employers, and/or their representative via telephone or correspondence in response to inquiries or problems.
  • Serve as an advisor to the Payroll & Insurance Manager and assist the Deputy Director- Pension Administration in the absence of the Department Manager, as needed.
  • Work closely with other Supervisors or Managers to ensure consistency in the application of policies and procedures.
  • Perform other duties as required or assigned.
Desired Qualifications
  • Three (3) years of experience in public pension fund member services or pension administration management.
Teachers’ Retirement System of the State of Illinois

Teachers’ Retirement System of the State of Illinois

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TRS provides retirement services for Illinois public educators by managing the teachers’ pension system and offering a Supplemental Savings Plan to boost retirement savings. The core product is pension benefits administered under the Illinois Pension Code, funded through contributions and fund investments, with benefits calculated according to state rules. The Supplemental Savings Plan gives eligible members a voluntary, flexible way to save beyond the pension. TRS differentiates itself by being a large, state-run system serving teachers across Illinois (excluding Chicago) under a statutory framework, prioritizing transparency and accountability while managing sizable pension funds. Its goal is to deliver secure, predictable retirement income for educators and to help members build additional savings for their future.

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

Springfield, Illinois

Founded

1939

Simplify Jobs

Simplify's Take

What believers are saying

  • Assets hit $80.49 billion as of September 30, 2025, ranking 38th largest.
  • Jim Hagerman's 2025 board appointment adds investment expertise.
  • MyTRS portal now shows monthly benefits and COLA dates directly.

What critics are saying

  • Unfunded liability tops $100 billion with funded ratio under 50%.
  • State budget shortfalls delay payments via uncertified appropriations.
  • Declining active membership at 159,027 cuts contribution inflows.

What makes Teachers’ Retirement System of the State of Illinois unique

  • TRS exclusively serves Illinois public educators outside Chicago since 1939.
  • TRS offers Supplemental Savings Plan beyond traditional pensions.
  • TRS manages Tier I and Tier II benefits with distinct eligibility rules.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Company News

Teachers' Retirement System of the State of Illinois
Nov 13th, 2025
Appointment of James "Jim" Hagerman to TRS Board of Trustees

Appointment of James "Jim" Hagerman to TRS Board of Trustees. SPRINGFIELD, IL - The Teachers' Retirement System of the State of Illinois (TRS) is pleased to announce the appointment of James "Jim" Hagerman of Springfield to the TRS Board of Trustees.* Mr. Hagerman is a retired partner at Kerber, Eck & Braeckel LLP, a regional CPA and management consulting firm with offices in Illinois, Missouri and Wisconsin and as a member at KEB Asset Management, LLC, an investment advisory firm with offices in Illinois and Missouri. He served nearly three decades in the firm's accounting and tax services area and nearly over two decades in the firm's investment advisory services division. Jim began his early career in 1984 with Deloitte & Touche in Springfield before later joining Kerber, Eck & Braeckel LLP in 1993. In addition to his professional experience, Jim brings 26 years of service on the Rochester Board of Education and has served on several community boards. He earned an Associate of Accounting from Lincoln Land Community College and a Bachelor of Science in Accounting from Illinois State University. "Jim brings extensive investment experience and a deep understanding of public education," said Stan Rupnik, TRS Executive Director & Chief Investment Officer. "His insight will be invaluable as a contributor to the Investment Committee and in guiding TRS toward achieving our mission of delivering expert pension service to Illinois educators." "We are proud to welcome Jim to the TRS Board of Trustees," said Matthew Hunt, TRS Board President. "His decades of service in public education and extensive professional experience will strengthen the Board and enrich our collective efforts to serve Illinois educators." About Teachers' Retirement System of the State of Illinois. The Teachers' Retirement System of the State of Illinois is the 38th largest pension system in the United States, and provides retirement, disability and survivor benefits to teachers, administrators and other public-school personnel employed outside of Chicago. The System serves over 456,000 members and had assets of $80.49 billion as of September 30, 2025. *Appointment pending confirmation by the Illinois Senate.

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