TRS investment return falls below 1 percent
6 months, 3 weeks ago
The return was sharply lower than the 23.6 percent the system earned in 2011
The largest state pension system said it made less than 1 percent on its investments during the budget year that ended June 30.
The Illinois Teachers’ Retirement System said Thursday it made just .76 percent on its more than $36 billion in assets during the state’s 2012 fiscal year.
The return was sharply lower than the 23.6 percent the system earned in 2011.
“It’s the economy. It’s volatile and unpredictable,” said TRS spokesman Dave Urbanek.