The PERA retirement fund should cease taking in new members. New hires should be taxed social security, and be given the choice of several private retirement funds, pick the ones they desire. The placing of union pensions funds on government and taxpayer has long been proven a recipe for disaster. When it was first proposed decades ago, many, both Democrat and Republican, argued against placing the pension burden on government just because they would take vast revenues to keep going taking a larger portion of the government's budget in time, which then shorts government in many other areas as the amount increases.
Today, California in the last recession gave out IOU's to taxpayers, why? Public pension obligations were bankrupting the state. Detroit had to place a manager in charge of the city over the local politicians, why? Pension funds strapping the city. San Diego and many cities and states are facing this problem with public pensions. Time to cut them from taxpayers totally!