Teacher donations not being invested
In response to a letter that I wrote about teacher pensions, Bill Getchius wrote that I do not know how teacher pensions work.
I know how they work, but apparently Bill Getchius does not have the facts about TRS (Teachers’ Retirement System). Facts about the fiscal health of TRS are:
Ÿ TRS currently has $34 billion in assets.
Ÿ TRS will pay out $4.1 billion in pension and benefits this year.
Ÿ TRS received $8 billion in total revenues during fiscal year 2010, including $3.1 billion in investment income.
Contrary to what Bill thinks, our contributions are not being invested.
Chuck Coletta
Lombard
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.