The June 19 editorial “A smart step on pensions” said Pennsylvania’s new law on pensions would give most new state employees a choice of “three retirement savings options similar, in varying degrees, to the defined-contribution plans common in the private sector.” But two of the options are based on a defined-benefit model with a 401(k)-style defined-contribution component. These plans are not similar to the 401(k) option common in the private sector.
