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Lincoln Superintendent Reacts To State's New Pension Proposal

A proposal in the Illinois legislature would drastically change the pension payouts to retirees.


The plan essentially gives retirees the option of taking a lump sum payment upon retirement. According to Superintendent of Lincoln High School, Robert Bagby, it is interesting to him the people who created the pension mess are now the ones making this proposal.



For Bagby, the option could be a benefit for someone who handles their finances really well. For him, he feels it would take a lot of hard thought.



Bagby also points out, later this year, the early retirement option for teachers expires in the Illinois legislature. He believes the state might have to renew it because it will cost the state too much money not to.



Bagby believes this proposal won't have a big impact on Lincoln High School but predicts eventually the state shifting the cost of the teacher retirement system to local taxpayers. 

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