Adressing Underfunding? Haha

Can anyone explain what this means to the newer Tier 2 kids?

• With a month and a half left in the General Assembly’s spring session, Gov. J.B. Pritzker’s administration is readying its proposal to address Illinois’ chronically underfunded pension system.

  But the governor this week also acknowledged in the strongest terms yet that any plans to finally get the state on track toward fully funding retirement plans for public school teachers, university employees and state workers could be derailed by a looming legal fight over a 14-year-old law.

  Pritzker’s comments came as Illinois’ two influential statewide teachers unions were wrapping up a “week of action,” encouraging their members to call and email lawmakers and urge them to essentially “undo” a 2010 law that created a new less generous pension system for those who began their jobs after Jan. 1, 2011.

  The General Assembly and then-Democratic Gov. Pat Quinn quickly approved that law in the wake of the Great Recession, which forced state leaders to grapple with decades of underfunding in Illinois’ pension systems.

  But in the years since, economists and labor leaders have repeatedly warned that the retirement benefits in the Tier 2 system are so low that they might violate federal “Safe Harbor” laws. Those laws dictate Social Security replacement plans, like pensions, can’t offer benefits that don’t at least match Social Security.

We'll tell you what we think it means:

• massive tax increases and raising the retirement age
  

There might be more, but Fata$$ and the democrat super-majorities would rather spend hundreds of millions on illegal aliens than fixing a broken system.