Please forward the article linked below to anyone you know who might not understand the many pitfalls of using inflated assumption rates and the reason pension systems such as CalPERS and MCERA are "reluctant" and resistant to lowering them to realistic levels.
As Robert points out, public employees are also hurt by ever increasing taxes and service cuts - not to mention the possibility of bankruptcy, that could result in no pension at all. I was particularly struck by the dilemma Vallejo is again facing because they failed to address the root problem of their initial bankruptcy.
http://www.timesheraldonline.com/opinion/20160817/...