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End TERI
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Members of the S. C. General Assembly appear poised to strike down the TERI program as the state’s retirement system deficit continues to climb, recently hitting the $14 billion mark. The program was born out of good intentions but contained so many loopholes that it became the antithesis of what lawmakers intended when they started it. The original intent was to keep quality teachers in public school classrooms after retirement age by allowing them to draw full retirement pay at the same time they were also drawing full salary.

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