It seems we hear this type of bad news from Democrat strongholds. Are Democrats just lousy at managing money, or taking advice from CPAs, actuaries, etc. regarding how public money including pension funds, needs to be dealt with so you don’t run out of money????
I believe it is just that they are very shallow thinkers, all about “feelings”. They keep voting in more benefits because it “feels” good and gets them re-elected, and do not have the mental capacity to consider how it will be paid.