TRS pension buyout plan in the works

Greg Bishop  |  November 8, 2018

"The state’s largest public employee pension system, the Teachers’ Retirement System, is moving forward with a $1 billion buyout option for eligible pensioners, and is waiting on money to get started. … TRS is the best funded of the state’s five pension systems at 40 percent. … Ingram said the buyback plan will reduce the liability on the margins. 'When you look at the order of magnitude of what the overall problem is it really is not impactful at all,' Ingram said.”

Read the full article on: Alton Daily News (Illinois)

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