LETTER: ‘Illinois math’ has led to chronic underfunding of teacher pensions

POST BY:  Chicago Tribune “As required, Teachers’ Retirement System used Illinois math to calculate the state’s contribution for fiscal year 2018 and came up with $4.56B. Using actuarial math, TRS also calculated that the state’s “full funding” contribution should be $6.88B. This legal sleight-of-hand has been going on for 78 years — and counting. The…