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  Big pay boosts in last years blow out retirement packages
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ContributorJester5716 
Last EditedJester5716  Jul 13, 2003 02:33pm
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MediaNewspaper - Chicago Sun-Times
News DateSunday, July 13, 2003 06:00:00 AM UTC0:0
DescriptionForget the gold watch. Henry Bangser already got his retirement gift--a series of 20 percent raises that will nearly double his salary during his last five years as superintendent at New Trier High School.

And those hefty pay raises will keep on giving after Bangser retires, at 57, from the affluent North Shore district on June 30, 2006.

They'll boost his pension to as much as $232,500 a year. That's more than he ever made in a year at New Trier until this past school year.


It will be one of the richest pensions of any Illinois public servant--far more than what governors get. Only doctors at government facilities get more.

...

Those retirement deals siphon state education money from the classrooms, said state Sen. Steve Rauschenberger (R-Elgin), who wants legislators to pass a law to stop school districts from handing out 20 percent salary hikes for soon-to-retire superintendents.
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