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Following the Illinois Supreme Court ruling that government retiree health insurance benefits are protected by the Illinois Constitution, the idea of putting new state workers into 401(k) type plans is re-emerging as a possible option — one that might pass court review. It won’t reduce current pension liabilities but would stop further bleeding for new hires.

http://www.illinoispolicy.org/real-reasonable-pension-reform-401k-style-plans-for-new-state-workers/?utm_source=feedly&utm_reader=feedly&utm_medium=rss&utm_campaign=real-reasonable-pension-reform-401k-style-plans-for-new-state-workers