Posted on: February 8, 2010 by Dan Primack
Last month, the Teachers’ Retirement System of Illinois issued an RFP to handle legal work related to the system’s private market investments. Like other Illinois TRS requests for proposal, it included the following line:
Any attempt by a proposer to initiate contact with TRS staff or TRS Trustees, other than as specifically provided in this RFP, may disqualify the proposer from further consideration.
Unlike other system RFPs, however, this request put the warning in bold (see bottom of page 8). Seems to be something Illinois TRS believes the private markets need made particularly clear…
Tags: Illinois Teachers
Posted on: April 9, 2009 by Dan Primack
A few readers have asked why I’ve paid so much attention to the NY Common kickback scandal, and virtually none to a semi-similar situation in Illinois. My answer is basically mea culpa, although the local Illinois press did a much better job covering their backyard mess than the NY press has done covering theirs.
But it is worth noting that Jon Bauman yesterday stepped down as head of the Illinois Teachers’ Retirement System. The move wasn’t terribly surprising, given that the post-Blago governor had already passed legislation to have Bauman fired on July 1 (and you thought the AIG bonus tax was selective). Still no allegations that Bauman was corrupt, just that he should have recognized ongoing corruption and reported it to the authorities. Instead, it seems that he waited until the authorities came to him (at which point he provided lots of valuable info).
Tags: Illinois Teachers
