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Lincoln High School Superintendent Talks Cuts to Teacher Retirement System

Late last month, the Teacher Retirement System of Illinois, or TRS, sent out a memo the State of Illinois would again be cutting back it's contribution this year.


Bob Bagby is the Superintendent of Lincoln Community High School and he is fearful the TRS fund may run out of money. He points out, the likely spin from the State will be the over-payment of teachers in Illinois as the problem.



Bagby believes TRS will eventually fix itself. He explains the requirements have changed over time and because of that, there will be a gap where teachers won't be taking a pension or they will be taking a reduced pension.



While it isn't a popular opinion, Bagby would be in favor of local districts funding their own teacher retirement systems. He feels local districts are already more responsible with money than Springfield but he also says he'd be willing to pay an extra tax to make that happen. 

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