Committee approves narrow constraint on TRS assumed return after questions on intent
House Bill 17 84 would limit the Teachers Retirement System's assumed rate of return to not be below the lowest annualized return in the past 20 years; committee passed the measure 4-3 after members debated whether the bill was requested by TRS and what funding effect it would have.
The full story
The House Banking, Financial Services and Pensions Committee on a close vote advanced House Bill 17 84, a technical constraint on the Teachers Retirement System’s (TRS) assumed annual rate of return.
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