By Jon Peterson2021-03-03T00:05:00+00:00
Teachers Retirement System (TRS) of the State of Illinois is investing $100m (€83m) alongside the $20bn Brookfield Infrastructure Fund IV fund.
The pension fund said it has approved the capital to the Brookfield Infrastructure Fund IV Renewable Sidecar-B sidecar fund.
The pension fund told IPE Real Assets that investment ”opportunities within the renewable sector of infrastructure have been growing over time and this strategy fits within the system’s existing strategic plan and risk profile”.
Last year, TRS Illinois Teachers approved a $250m commitment to Brookfield Fund IV, a fund seeking investments in renewable, transportation, utilities, energy and data assets.
Survey indicates educator shortages everywhere
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Britt Harris: Millennials Are Defined by Enduring Tough Economic Times
Gen Y folks are five years behind Baby Boomers financially at a comparable age, renowned UTIMCO chief laments.
Britt Harris
The Millennial generation has gotten “a raw deal” economically, says Britt Harris, president, CEO, and CIO of the University of Texas/Texas A&M Investment Management Company (UTIMCO).
That troubles the iconic asset allocator, whose investing career has been dedicated to supporting education both at UTIMCO and before that at the Teacher Retirement System of Texas (TRS).
But Harris noted that Millennials, now ages 24 to 40, have been tested in ways that Baby Boomers weren’t. Plus, he said, they are gradually taking charge. Appearing on the Talks at Goldman Sachs webcast dedicated to great investors, he said this young generation’s rise “has already affected the way global big decisions are being made.”
Floor Notes
House
Modified Structured Rule
HB 68 Professions and businesses; certain military certifications; extend time to qualify (RegI-Clark-147th) Bill PASSED 163-0.
HB 119 Professions and businesses; chiropractors may own professional corporations with physicians; provide (RegI-Hawkins-27th) Bill PASSED 163-0.
HB 161 Local government; downtown development authorities; remove provision providing perpetual existence to such authorities (GAff-Tankersley-160th) Bill PASSED 165-0.
HB 241 Insurance; revise meaning of property insurance; change parameters under which certain contracts or agreements may be canceled (Substitute) (Ins-Gambill-15th) Bill PASSED166-0.
HB 286 Local government; restrict ability of county governing authorities to reduce funding for county police departments(Substitute)(GAff-Gaines-117th) Bill was postponed.
Ask Rusty – Avoiding WEP & GPO Reductions
AMAC Certified Social Security Advisor Russell Gloor Association of Mature American Citizens
Dear Rusty: I am a retired Texas teacher receiving my State pension. I retired in February 2009, before the end of a “loophole” which affected my future Social Security. I had earned enough credits to receive Social Security benefits in addition to my Teachers Retirement System (TRS) pension. At 62 I began getting my SS benefit (reduced by my TRS pension).
My husband didn t start his SS until last year, at which time I contacted Social Security so my benefits would no longer be reduced as per the TRS loophole. I have spoken with the local SS office three times and sent them the documents requested, but my SS payment remains the same! How do I bypass the local office to get my benefit increased to the amount I was told when I retired under this Texas loophole? Signed: Wanting My Increase