The Rauner administration is claiming that an impending change to the Teachers Retirement System (TRS) could have a "devastating impact" on the state.
The TRS board is set to vote this Friday on whether to change its anticipated rate of return on investments. TRS has been advised to lower its expected rates in order to safeguard benefit payments. A TRS spokesman said information on the recommended change will not be made public until Friday.
Meanwhile, Rauner says the lack of open discourse on the issue is "troubling" considering the state's budget crisis.