That Like was by accident.
Yes - he did believe there was overpayment. He'd also point out that people in the school systems who were bumped up to the highest pay grade in their last year so their pension would be maximum. 
Look  - we're never going to agree about this so I'm going to move along and leave it at this...there were people back in the 90's who saw that PERA was unsustainable and that it would one day require Colorado taxpayers to prop up the overly generous benefits that were rationalized by unrealistic expectations for their rate of return.