REPORT DIGEST

TEACHERS’ RETIREMENT SYSTEM OF THE

STATE OF ILLINOIS

COMPLIANCE EXAMINATION

For the Year Ended: June 30, 2011

Release Date: February 28, 2012

Summary of Findings:

Total this audit: 0

Total last audit: 0

Repeated from last audit: 0

State of Illinois, Office of the Auditor General

WILLIAM G. HOLLAND, AUDITOR GENERAL

To obtain a copy of the Report contact:

Office of the Auditor General, Iles Park Plaza, 740 E. Ash Street, Springfield, IL 62703

(217) 782-6046 or TTY (888) 261-2887

This Report Digest and Full Report are also available on the worldwide web at www.auditor.illinois.gov

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SYNOPSIS

This digest covers our compliance examination of the Teachers’ Retirement System (System) for the year ended June 30, 2011. A financial audit covering the year ending June 30, 2011 was previously released on January 11, 2012. There were no findings of noncompliance identified during our testing.

ACCOUNTANTS’ REPORT

The auditors conducted a compliance attestation examination of the System for the year ended June 30, 2011 as required by the Illinois State Auditing Act. The accountants’ report does not contain any scope limitations, disclaimers or other significant non-standard language.

WILLIAM G. HOLLAND, Auditor General

WGH:RPU:RT

SPECIAL ASSISTANT AUDITORS

McGladrey & Pullen LLP were our Special Assistant Auditors for this engagement.