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Susan Harkin - Pension Crisis in Illinois

Susan Harkin is the Chief Financial Officer for Community Unit School District #300 in northeast Illinois. She discusses the financial challenges her district faces due to the ongoing Teacher Retirement System pension crisis that Illinois faces. Susan discusses the challenges posed by pay bumps at the end of service, early retirement options (ERO), state legal requirements regarding pensions, and the potential impact of pension cost shifting to CUSD #300.