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Matt Bierman - Pension Crisis in Illinois

Matt Bierman has extensive experience both at the University level as well as community schools, serving as the Director of Budget for Western Illinois University as well as the Board President for the Macomb Community Unit School District. From that perspective, he discusses the challenges facing Western Illinois University due to the budget crisis of 2015-16, and how questions on pensions and retirement impact university operations. Bierman also explores the difference between SURS and the retirement system used by Illinois school districts and the Teachers’ Retirement System (TRS).