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October 21, 2014, 11:44 am
970 WMAY News

TRS Consultant Calls for More Conservative Return On Investment Calculations

It may get even tougher to make the numbers work on any pension deal.


The Teachers Retirement System says its consultant is recommending that the pension system adopt more conservative estimates on its return on investments in the years to come.


TRS currently assumes an 8.5% rate of return, which is higher than many pension systems around the country are estimating.


If the fund opts to assume a lower rate of return, it would be required to reduce benefits or seek even more taxpayer dollars to make the math add up.


TRS officials will decide in September whether to follow the consultant’s advice, and if so, by how much.

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