The $66 billion Teachers’ Retirement System of the State of Illinois (TRS) allocated over $1 billion in fresh capital across multiple alternative asset classes as Governor JB Pritzker announced plans to appropriate more money than required to Illinois public pensions in fiscal year 2023.
Gov. Pritzker announced plans to allocate $10 billion to public pensions in the coming year’s state budget, which was welcomed by TRS Board President Matthew Hunt.
“With the recent funding commitment from the state, combined with strong investment returns, the funded status of TRS improved to 42.5% and . . .