What is this "unfunded" of which you speak?
As long as there are still taxpayers with further blood to be drained, the word will never apply to public employee pensions.
taxpayers bend over
EFF - a sane voice.
Is that one of the states wanting to legally recognize 'gay marriage'?
Say, does anyone know if TIAA-CREF has any unfunded liability?
What do you mean we, kemosabe? When push comes to shove, an alternative to confiscatory levels of taxation may be retroactive modification of the pension agreement. It can happen, there is no Constitutional guarantee of those programs to my knowledge. The retired bureaucrats will raise hell, but will get a haircut nonetheless.
It wasn't clear to me until I was well into the article that Washington was the state not the Feds. I should have realized that it's not a problem for the Feds since they can print money.