Tag: Tier 2 Pensions

Kifowit applauds governor’s leadership to fix pension crisis

State representative Stephanie Kifowit, D-Oswego, applauds governor JB Pritzker’s leadership on embracing the bold ideas for pension reform and a plan to pay down the state of Illinois over $140 Billion pension debt. “Throughout my tenure as pension chair and now pension-appropriations chair, we have thoughtfully studied and evaluated the

Tier 2 pension reform bill moves forward, but Pritzker says there’s ‘a lot more work’ to do

By Peter HancockCapitol News Illinoisphancock@capitolnewsillinois.com An Illinois House panel Wednesday, Oct. 29 advanced a bill aimed at reforming a state pension plan known as the “Tier 2” system, but only with the understanding that negotiations will continue and no final action will be taken until next spring at the earliest.