Lower investments for Illinois teachers pension system - CBS4 - WHBF Quad Cities, IL-IA News Weather Sports

Lower investments for Illinois teachers pension system

CBS 4 Newsroom
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The pension system for thousands of Illinois teachers is lowering how much money it will make on investments. Instead of an 8.5% rate of return, the teachers' retirement system will now base its future on 8% growth. TRS estimates it only has 42% of the money it needs for pensions in the years to come. The change also means the state's annual contribution to the pension fund will increase next year.