Sep 24, 2017
LETTER: 'Illinois math' has led to chronic underfunding of teacher pensions
LETTER: ‘Illinois math’ has led to chronic underfunding of teacher pensions
POST BY: Chicago Tribune
— MUST BE A CHARTER! —
“Consistent underfunding is the reason that 80% of this year’s $4.5B contribution to TRS, or $3.7B, constitutes a payment on the unfunded liability. That eclipses the actual cost of teacher pensions for the year: $923M.” — Dick Ingram, executive director, Teachers’ Retirement System
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