It mentions actuarial rate of return for calculating interest at 6.5%-Mark, what is the real rate of return? Wondering how much the attempt to only invest in socially responsible companies has affected ROI.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
It mentions actuarial rate of return for calculating interest at 6.5%-Mark, what is the real rate of return? Wondering how much the attempt to only invest in socially responsible companies has affected ROI.
Chicago teacher pension fund has earned 8.34% over the last 35 years and 9.5% over the last 10. Easily beating the 6.5% expected rate of return.
Chicago is headed for bankruptcy, but Chicago will not cut wasteful spending and stop patronage hiring.