Teachers Retirement System of the State of Illinois

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  1. Pension funds to benefit in Citigroup $7 billion settlement

    trueState pension funds in California and Illinois are among the recipients of Citigroup Inc.'s $7 billion in fines and consumer relief to resolve government claims that it misled investors about the quality of mortgage-backed bonds sold before the financial crisis.

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  1. Illinois Teachers approves real estate consultant search, $1.2 billion in investments

    trueIllinois Teachers’ Retirement System, Springfield, approved a search for a real estate consultant, part of regular rebidding of the five-year contract now held by Callan Associates.

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  2. Illinois Teachers increases allocation to emerging managers

    trueIllinois Teachers’ Retirement System, Springfield, increased its dedicated allocation to emerging money managers to $750 million.

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  3. Illinois governor outlines pension contribution increases in budget address

    trueIllinois' five state retirement systems would receive more than $6 billion in state contributions combined in the next fiscal year, beginning July 1, up 4.3% from the current fiscal year, according to a budget proposal released Wednesday by Gov. Pat Quinn.

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  4. Illinois Teachers makes nearly $1.5 billion in commitments

    trueIllinois Teachers' Retirement System, Springfield, committed $1 billion total to five managers and allocated an additional $450 million total to four existing managers.

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  5. Illinois auditor general: 3 plans should lower investment return assumptions

    trueCheiron, the Illinois auditor general's appointed state actuary, recommended that the state's three major retirement systems lower their actuarial investment rate of return assumptions used to value their pension obligations for June 30, 2014, valuations and to determine contribution rates, ...

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  6. Illinois Teachers doubles Grosvenor account, makes other changes

    trueIllinois Teachers' Retirement System, Springfield, has more than doubled the hedge fund-of-funds assets managed by Grosvenor Capital Management to $998 million and terminated K2 Advisors.

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  7. Illinois Teachers studying strategic partnerships with 3 firms

    trueIllinois Teachers' Retirement System is researching strategic partnerships and might present hiring recommendations to the board of the $40.8 billion pension fund at its next meeting, Feb. 19-21.

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  8. Unions oppose Illinois pension reform bill; employer organizations support it

    truePassage of the Illinois pension reform bill has drawn the ire of public unions, while organizations of large employers are throwing their support behind the bill.

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  9. Illinois General Assembly passes pension reform bill

    trueThe Illinois General Assembly approved a wide-ranging pension reform bill Tuesday aimed at saving $160 billion over the next 30 years and bringing the state-administered plans to 100% funding by 2045.

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  10. Illinois reaches pension reform pact, political leaders claim

    trueThe four legislative leaders of the Illinois General Assembly reached an agreement on pension reform, confirmed Rikeesha Phelon, spokeswoman for Senate President John Cullerton.

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  11. J.P. Morgan record $13 billion mortgage pact will benefit U.S. pension funds

    trueJ.P. Morgan Chase & Co. reached a $13 billion deal with the Justice Department that ends probes into the bank's sale of mortgage bonds, the largest amount paid by a financial firm in a settlement with the government.

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  12. Illinois Teachers selling off $500 million in private equity fund stakes

    trueIllinois Teachers' Retirement System, Springfield, is offering about $500 million in private equity fund stakes for sale, two people with knowledge of the matter said.

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  13. Illinois Teachers gives fixed income a face-lift

    trueIllinois Teachers Retirement System, Springfield, revamped its fixed-income portfolio, eliminating $484 million in four strategies and adding a new $34 million floating-rate investment.

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