TRS Board Lowers Investment Return Assumption, Comptroller Increases State’s Revenue Estimate

Executive Summary: The Teacher Retirement System of Texas (TRS) Board of Trustees voted to lower the return assumption for the pension fund from 7.25 percent to 7 percent. Additionally, the Board adopted a resolution to recognize $7 billion in gains to help keep the funding period at 26 years, meaning the fund will remain actuarially […]