I wonder if we can find out what pension funds those are.
How about CALPERS - been in trouble for a long, long time. CA had the bright idea 20 years or so ago, to allow state employees to retire at 55 and reap the great benefits for the remainder of their lives. I knew several who did it and it paid off handsomely for them. Not a shred of shame and not a worry about the fund being underfunded.
That infection spread to Oregon.
I lived in Portland for most of the 1990s - in downtown southwest - which was the best and most enjoyable urban environment I have ever experienced.
The daughter of one of my (many) elderly neighbors retired after working 30 years in the public education system.
Her life time pension was a couple thousand dollars higher than her final year salary - she was 53 years old.
When I watch news reports about downtown Portland today, it all makes sense now.