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Illinois' TRS expects lower return on its pension investments

The state's retirement system for teachers is lowering its expectations for investment performance. Dave Urbanek, with the Illinois' Teachers' Retirement System, says the system decided to lower its assumed return as a result of volatility in the global economy. 

"A lower assumed rate of return, in essence, is a lowering of the estimated amount of revenue that we will collect from our investments over a longer period of time."

Urbanek says Illinois will have to contribute more to TRS as a result of the lower expected return to help cover pension obligations.

Hannah covers state government and politics for NPR Illinois and Illinois Public Radio. She previously covered the statehouse for The Daily Line and Law360, and also worked a temporary stint at the political blog Capitol Fax in 2018.