The state ofCal is governed by CALPers. The frequently phony up the projections of investment income to justify increases in payments. And the unions support it and bribe the politcans that vote for the union contracts and benefits.
Icing on the cake: The Cal constitution requires the state to provide funds for any shortages in the pension funds.
The state = taxpayers. And, there ought to be a law to prevent this.
One of my former neighbors was a retired LA city fire Captain. He retired at 55 years old with a full medical. His retirement pay is $135,000(at retirement) with full medical benefits. He will live well into his 70’s. That is just plain crazy.