Ill. teacher pension system lowering expectations
SPRINGFIELD – The pension system for thousands of Illinois teachers is officially lowering the forecast of how much money it will make on investments.
Instead of assuming an 8.5 percent rate of return, the Teachers' Retirement System will now base its plans and projections on 8 percent growth.
The prediction of less money in the future means the retirement system faces a bigger funding problem. The latest estimate is that TRS has only 42.4 percent of the money it needs for pensions in the decades ahead.
Story Archived
Only the most recent 7 days of articles are available for free. For articles older than 7 days there is a small fee for retrieval from our archive. If you are a registered member of the site, the content is free just by signing in below.
Please sign in with your Comment Member ID and password.
Purchase Access
To allow for flexibility, we offer a variety of options for purchasing articles:
Having trouble?
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at archivedesk@shawmedia.com
