Rauner's office warns teachers' pension change could be 'devastating'

2016-08-24 | The Dome - The State Journal-Register

CHICAGO -- Gov. Bruce Rauner's administration says a pending move by Illinois' largest public-pension fund could increase the state's required payment by hundreds of millions of dollars.They say that would have a "devastating impact" on education and social services.The Teachers Retirement System board is scheduled to vote Friday on whether to adjust its expected rate of return on investments.The action comes as pension systems nationwide are reporting lackluster returns. [...]

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