Teachers Retirement System http://wuis.org en Teacher Pension Fund Lowers Expected Investment Return; State's Obligation To Grow http://wuis.org/post/teacher-pension-fund-lowers-expected-investment-return-states-obligation-grow <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>The Illinois Teachers' Retirement System says it expects a lower return on its pension investments in the next year. That means the state will have to cover more of the cost of teacher pensions.</p><p></p><p><span style="line-height: 1.5;">TRS says it's still a good assumed rate of investment return at 7.5 percent. That falls in line with similar pension systems nationwide. But it's not as profitable as 8-percent, which TRS had been using for the previous few years.</span></p> Wed, 25 Jun 2014 16:03:23 +0000 Hannah Meisel 27990 at http://wuis.org Teacher Pension Fund Lowers Expected Investment Return; State's Obligation To Grow Legal Interpretation May Erase Pension Glitch http://wuis.org/post/legal-interpretation-may-erase-pension-glitch <p>The State Universities Retirement System now says a troublesome piece of last year's state pension-reform law may not cut retirees' pensions after all. &nbsp;</p><p>William Mabe is the executive director of the retirement system. He tells The (Champaign) News-Gazette (http://bit.ly/QfeCu8 ) that the language in law that would cost retirees' a year of pension should be interpreted as if it didn't _ because it wasn't intended to. &nbsp;<br />That's based on the interpretation the Teachers Retirement System has been using when it looks at the law. Now SURS plans to follow suit. &nbsp;</p> Wed, 07 May 2014 19:20:19 +0000 Associated Press 24613 at http://wuis.org Legal Interpretation May Erase Pension Glitch Preparing To Implement Pension Overhaul — And Not To http://wuis.org/post/preparing-implement-pension-overhaul-and-not <p>Illinois’ biggest and most indebted pension system is beginning to implement changes tied to the pension overhaul passed this month. But officials are also making plans in case the new law is struck down.</p><p>The Teachers Retirement System is by far the biggest of Illinois’ five pension systems, with well over 360,000 members. TRS is also the biggest factor in the pension funding problem, accounting for more than half of the combined $100 billion shortfall.</p> Tue, 17 Dec 2013 12:00:00 +0000 Brian Mackey 15161 at http://wuis.org Preparing To Implement Pension Overhaul — And Not To Political Fix Theater: Apology Not Accepted http://wuis.org/post/political-fix-theater-apology-not-accepted <p>The curtains are closing on the Chicago play "I Wish to Apologize to the People of Illinois" -- a timely production, given that today, Dec. 9, marks five years since Rod Blagojevich's arrest. Two trials later, he was convicted on 18 counts of corruption. At Blagojevich's sentencing hearing, the former governor said he was sorry for his mistakes. But Blagojevich was not the one making apologies in this show. He's not even a character -- just someone who gets mentioned now and again. Mon, 09 Dec 2013 20:56:00 +0000 Amanda Vinicky 14587 at http://wuis.org Political Fix Theater: Apology Not Accepted