I’ve Heard From Other Teachers That the TRS AAI Buyout is Less Money. Is That True?

Many educators think that the TRS AAI buyout will mean less money for them in the long-run. In some cases, this may be true. However, depending on your goals, taking the buyout may actually give you more savings over time. At First Glance At first glance, the answer to this challenging question is yes. Your […]

Why Should I Take an AAI Buyout – Is the Pension Not Secure?

The somewhat mixed-messaging coming from TRS is confusing for a lot of teachers and their families in Illinois. The buyout is painted as an excellent option for educators, but it leaves an uncomfortable question in the air: Is your pension safe if you choose to not opt for the TRS AAI buyout? To understand the […]

How to Make Sure You Don’t Run Out of Money If You Take a TRS AAI Buyout 

Whether you’re a teacher, or you’re married to a teacher in Illinois, taking the TRS AAI buyout can bring up a retirement savings fear: What happens if you run out of money after taking the TRS AAI buyout option? The truth is, it’s possible to overspend when you receive a lump sum of cash. This […]

What is the AAI Program for Illinois TRS retirees?

The AAI Program, or Accelerated Annual Increase, is a relatively new program that requires TRS to offer all Tier 1 members an accelerated retirement benefit. This accelerated benefit would be equal to a portion of your future pension benefit. By agreeing to the voluntary program, you’re agreeing to a one-time reduction in your annual increase […]