Illinois Teachers to Receive $6.2B From State to Boost Funded Status
This marks the third year of cash infusions to bolster the pension plan, with a funding ratio stuck below 50%.
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This marks the third year of cash infusions to bolster the pension plan, with a funding ratio stuck below 50%.
Previously an investment consultant with Meketa, Jones started in the newly created position on October 10.
Illinois Teachers’ Retirement System (TRS) has named Ghiané Jones Deputy Chief Investment Officer with responsibilities of co-directing the supervision of staff, operations, accounting, control, performance, and risk management. The hire date was October 10. TRS says: “The role is an important new addition to the TRS investment leadership team. Jones, who lives in Chicago, will…
Retirement system’s funded level rises 1.3% in fiscal 2022 despite investment loss.
A conservative strategy proved effective in mitigating losses in a tough market.