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

Article summary

A House panel passed a Tier 2 pension reform Wednesday, but only after promising to hold further action until the spring.

Advocates say the reform is needed because the benefits under Tier 2 could be found insufficient as compared to Social Security, which would cost the state billions of dollars over decades.

While it moved forward in committee, Gov. JB Pritzker told reporters there’s “a lot more work” that needs to be done before the proposal becomes something he would sign.

This summary was written by the reporters and editors who worked on the story.

SPRINGFIELD, Ill. (Capitol News Illinois) – A House panel on Wednesday advanced a bill aimed at reforming a state pension plan known as the “Tier 2” system, but only with the understanding that negotiations will contin