US - The Teacher Retirement System of Texas (TRS) lost US$34bn during the last months of 2008 - with its actuarial valuation declining from $104.9bn to $70.6bn.
TRS said it was working closely with the Texas Legislature to explore options that could best protect the long-term stability of the fund and preserve the current benefit structure for both active ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date