Pensions
Illinois Teachers to Receive $6.2B From State to Boost Funded Status
This marks the third year of cash infusions to bolster the pension plan, with a funding ratio stuck below 50%.
Previously an investment consultant with Meketa, Jones started in the newly created position on October 10.
The Illinois TRS is also looking to hire a new investment officer and plans to open a Chicago office.
However, unfunded status grows as fund continues ‘treading water.’