via Unfunded liability grows for Illinois teacher pensions.

TRS gave preliminary approval to a $3.412 billion contribution for fiscal 2015 using a state statutory formula. The pension system said that a $5.3 billion contribution would be needed to keep the unfunded liability from rising further.

The pension earned 12% on its money but the unfunded liability jumped 7%.

For reasons reported here repeatedly, the official state total unfunded liability of $100 billion is bunk, and this is just more evidence.