#illinois 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