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September 2, 2014, 6:49 pm
970 WMAY News

Steep Drop in TRS Fund Returns


The Teachers Retirement System says it’s not panicking, despite a sharp decline in its rate of return on its investments.

 

The pension fund had a return of less than one-percent on its investments in the past fiscal year.

 

In the previous fiscal year, its return had been above 23-percent.

 

TRS officials say such investments cannot be evaluated one year at a time, but must be looked at over the long run, and notes that its 20-year average return on investment is well over 7-percent, close to its projections.

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