I don't think this amounts to abusing state employees, because the state is obligated to fund their pensions no matter what else happens. It's more like taxpayer abuse, since we're the ones who would be on the hook to pay off these bonds long after he leaves office. Just like his saddling us with these horrendous electricity costs for many years to come.
Sort of like an abusive marriage it sounds. You'll keep being abused as long as you stay. I'd move out.