TRS among worst performing public pension funds – Illinois Policy

Of the 24 funds surveyed, Illinois’ Teacher Retirement System was the fourth-worst performing. Richard Ennis, former editor of the Financial Analysts Journal, said TRS and its $66 billion is one of the more mismanaged funds in the nation.
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Freddy
3 years ago

This is why I said many times that reforming the pension system entails all the management fees which come off the top regardless of performance. This costs taxpayers nothing .Millions upon millions in yearly fees and no one checks. How many billions have been spent on fees? But the taxpayers are on the hook for shortfall so who cares.

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