Chuckanut
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
New IL state employees, hired in 2011 I think, are under a much more conservative plan. This will help 25-30 years from now, and helps very modestly now as less is needed to be contributed fund those future expenses.
Well, as my old grand pappy used to say, "The best time to plant a tree was 30 years ago, the next best time is today".
Interestingly, in my home state the pension plan with the biggest problem is the old one closed over 30 years ago. All those baby boomers in that system are now retiring. Still, I am certain the citizens of Illinois would trade their pension problems for ours in a New York minute.