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Posted on: Aug. 30, 2017, 10:41 a.m.
The $26.9 billion Employees Retirement System of Texas’ board of trustees has voted to lower its annual expected rate of return to 7.5% from 8%. Some trustees initially wanted to cut the rate to as low as 7%, but decided on a the 7.5% by a 4-2 vote, according to the Texas State Employees Union (TSEU). Full investment news articleRelevent to this post: Maryland-National Capital Park and Planning Commission Employees' Retirement System Montgomery County Employees' Retirement System,