The Teachers Retirement System says it’s not panicking, despite a sharp decline in its rate of return on its investments.
The pension fund had a return of less than one-percent on its investments in the past fiscal year.
In the previous fiscal year, its return had been above 23-percent.
TRS officials say such investments cannot be evaluated one year at a time, but must be looked at over the long run, and notes that its 20-year average return on investment is well over 7-percent, close to its projections.
