Witnesses tell committee TRS funded ratio remains below 80% amid assumption changes, pay raises and past retiree COLAs Retirement Systems testimony flagged TRS funded ratio at about 66% in the latest actuarial valuation and attributed the decline to lower assumed returns, retiree COLAs granted in the 2000s, wage increases and GASB accounting changes, with committee members asking for asset/liability breakdowns.

Alabama's Teachers’ Retirement System has seen its funded ratio plummet from nearly 100% in 2000 to a concerning 66%, raising alarms about the sustainability of retiree benefits.

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