When he's done, he can come to New Jersey to find out where our tax money is going and to whom for what service. There's double/triple/etc. retirement dipping here. Hnnnh?
In fact I doubt any government in history has been able to balance its budget on the backs of the retirees.
What you have to do is control expenses as you go forward. All Schwarzenegger and his little friends want to do is find a new source of existing state resources to divert to some project they wish to do. His successors will attempt to do the same.