Illinois public workers rally at state capitol to protest pension system disparities.

Thousands of Illinois public workers rallied at the state capitol, demanding changes to the Tier 2 pension system, which offers fewer benefits than the Tier 1 system for those hired before 2011. Lawmakers have introduced bills to address these disparities, proposing adjustments to retirement ages, cost-of-living adjustments, and pension caps. The reforms aim to reduce recruitment and retention issues among public workers, while acknowledging the high cost to taxpayers and the state's $140 billion pension shortfall.

November 14, 2024
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