What If $400 Million In New Teacher-Pension Dollars Isn’t Nearly Enough?
Experts say that what the Teachers Retirement System did last week—adjusting expectations for how much its investments will earn—was just good policy. It means putting in more upfront, to avoid much bigger costs later. So why did the governor object? One expert says: Maybe Rauner thinks the problem is so big, this kind of adjustment won’t make a dent.