Teachers Retirement System of the State of Illinois
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Illinois Senate OKs pension reform
The Illinois Senate on Thursday passed a pension reform bill that is projected to save the state $45 billion to $51 billion over the next 30 years.
Illinois Teachers hires 3 consultants, plans search, commits $450 million
Illinois Teachers' Retirement System hired three consultants to assist with co-investments, authorized a search for emerging markets debt and committed a total of $450 million to four managers.
Illinois Teachers' Retirement System gains 14% in 2012
Illinois Teachers' Retirement System, Springfield, returned 13.92% net of fees in 2012.
Illinois Teachers seeks actuarial consultant
Illinois Teachers' Retirement System is searching for an actuarial consultant to provide actuarial valuations and other services to the $37.5 billion pension fund for three years beginning July 1.
Illinois Teachers hunting for emerging markets equity
Illinois Teachers' Retirement System, Springfield, issued an RFP for one or more active and passive emerging markets equities managers to run as much as a total of $700 million.
Moody's downgrades Illinois' credit outlook, cites pension funding pressures
Illinois' credit outlook was downgraded to negative because “the state's pension funding pressures are likely to persist and perhaps worsen in the near term,” according to a Moody's Investors Service report.
Illinois Teachers OKs searches for emerging markets equity managers
Illinois Teachers' Retirement System authorized a search for active and passive emerging markets equities managers at a board meeting Tuesday.
Illinois legislators propose pension reform bill
A bipartisan group of Illinois House members proposed a pension reform bill Wednesday that would increase the retirement age and employee contributions for active employees and implement a cash balance plan for new hires in the state's teachers and university pension plans.
Illinois Teachers gets industrial with real estate search
Illinois Teachers' Retirement System is searching for a real estate manager to run a $200 million industrial properties portfolio.
Illinois Teachers OKs Silver Lake, AQR commitments among actions
The $37.5 billion Illinois Teachers' Retirement System, Springfield, approved a commitment of up to $150 million in Silver Lake Partners IV, a technology-focused private equity fund, at its board meeting Friday.
Illinois Teachers ekes out positive return for fiscal year
Illinois Teachers' Retirement System returned 0.76% net of fees for the fiscal year ended June 30.
Illinois Teachers' Ingram says state will need to cut COLAs
The head of Illinois Teachers' Retirement System strongly suggested that cuts in cost-of-living benefits are inevitable for more than 360,000 teachers and retirees.
Illinois Teachers pension fund cuts assumed rate of return to 8%
Illinois Teachers' Retirement System at a special meeting on Friday lowered the assumed long-term rate of return on the $36 billion pension fund to 8% from 8.5%.
Illinois Teachers pension plan commits $375 million to alternatives
Illinois Teachers' Retirement System committed a total of $375 million to four managers, approved a search for its first private equity secondary market consultant and began a discussion about lowering its assumed rate of return.
No pension reforms in Illinois special session
The Illinois General Assembly on Friday adjourned a special pension reform session without taking any action on proposed changes.