US - Illinois's Teachers Retirement System may sell $3bn of investments to pay for benefits this year because the state can't make its contributions to the fund, a spokesman said.
The pension plan sold $200m of assets in July and $290m in August, Dave Urbanek, spokesman for the $33bn fund, said in a phone interview. "We understand from the comptroller that there is no mon...
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