#actuarial math

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  

Any actuaries out there? I’m interested in the career. I know about the schooling and preparation required to take the exams, but want to know what the job itself is like for you personally (I get the broad scope, I’m more interested in the specific types of jobs available and what they are like).