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The Arkansas Teacher Retirement System's investments dropped in value during the first four months of the fiscal year that started July 1, but the investments rebounded in November, an investment consultant told the system's board of trustees Monday.
The Arkansas Teacher Retirement System's investments dropped in value during the first four months of the fiscal year that started July 1, but the investments rebounded in November, an investment consultant told the system's board of trustees Monday.
The executive director of the Arkansas Teacher Retirement System on Monday defended his recommendation for the system to cut its target rate of investment return from 7.5% to 7.25% a year, saying he couldn't in good conscience recommend keeping the higher rate if the system's actuary considered it unreasonable.
The executive director of the Arkansas Teacher Retirement System on Monday defended his recommendation for the system to cut its target rate of investment return from 7.5% to 7.25% a year, saying he couldn't in good conscience recommend keeping the higher rate if the system's actuary considered it unreasonable.