The governor-elect could deliver a blow to Illinois’ pension woes, with or without SB 1, by pushing for 401(k)-style plans.

As the state of Illinois moves deeper into budgetary crisis, the people of Illinois are depending upon government leaders to confront serious fiscal challenges with maturity, wisdom, courage and responsibility. The character exhibited by our governor and legislative leaders in this crisis will determine the trajectory of our state for years to come. Focus on...