Rhode Island, facing a $600 million shortfall--peanuts compared with Illinois'--in its pension funds, overwhelmingly approved pension reform. According to Reuters:
The legislation, called the Rhode Island Retirement Security Act, would suspend cost-of-living adjustments for those collecting state pensions and raise the retirement age for most employees.
It would also set up a hybrid system for state employees and teachers, mixing a traditional pension with a retirement account similar to a 401k. The bill is unusual in that it affects current employees and retirees as well as new hires.