Helping districts of all sizes establish consistent, fiduciary-aligned retirement plan oversight.
Helping districts of all sizes establish consistent, fiduciary-aligned retirement plan oversight.
The Illinois Education Retirement Consortium (IERC) is a collaborative governance framework through which K–12 school districts in Illinois work together to establish consistent, fiduciary-aligned retirement plan oversight.
By operating as a consortium, participating districts are able to standardize plan governance, reduce fragmentation, and access institutional-level structures that are often unavailable to small and mid-sized districts on their own.
The model emphasizes a consistent participant experience centered on clear financial education, transparent plan design, and responsible oversight rather than individual vendor-driven decisions.
IERC coordinates with independent professionals to support recordkeeping, compliance, and the ongoing evaluation and monitoring of investment options within a defined governance structure.
To provide public-sector employers with a standardized, governance-driven retirement plan framework that supports educator financial well-being, strengthens workforce stability, and protects institutional trust.
A public education system where every educator has access to clear, well-governed retirement options, and district leaders are supported by defensible, consistent oversight models.
Across Illinois and the nation, districts are working together to standardize retirement plan governance. IERC allows districts of all sizes to coordinate resources, establish fiduciary oversight, and provide educators with clear, consistent plan structures.
Through collaboration, districts ensure transparent plan administration, meaningful financial education, and professional guidance, all within a governance framework designed to protect educators’ best interests.
This is a brief, informational conversation to explain how the consortium governance model works and how districts typically evaluate whether shared retirement plan governance is appropriate for their circumstances.
There is no obligation, no product discussion, and no expectation of making a decision.
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