@TRSofTexas, tweeting from the Teachers Retirement System Board of Trustees meeting that;
"#TRSTrustees split votes at 4-4 on two motions to lower the 8% investment return assumption to 7.5% in the first motion and 7.25% in the second motion. They will take up the matter again at their July 27 meeting."
All the trustees clearly have not yet accepted the reality that 8% investment returns long term are unachievable in today's market environment.
Of course they know when they reduce the discount rate/investment return to realistic levels, the pension fund will be seriously under funded and will become a political problem for all the school districts in Texas.
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