Ya and I am sure it will be as easy as getting out of paying the political portion of your Union Dues...
What a co-wink-a-dink, aren't Illinois State Pension Liabilities as bad off if not worse than California's?
Funds are supposed to managed by a private investment firm and the state won't have access to them. Details at this point are a little sketchy on what type of funds will be offered. It doesn't go online until 2017. It is suppose to be a Roth 401K style account, which means taxes are paid going in. The state is broke. It wouldn't benefit them to do a regular tax deferred 401K even though it could be beneficial to some people.