By Jen Sidorova, includes “… A single year – or even several years – of exceptionally high investment returns would be welcome news for TRS. Even a streak of high returns, however, will not change the harsh truth that this and many other plans still face significant funding risks going forward. Georgia policymakers need to address these risks to protect taxpayers, employees and retirees. Absent meaningful reform to reduce financial risk and improve solvency of the teacher plan, the state will be increasingly unable to afford to invest in other public priorities, such as K-12 education and infrastructure repairs.”