A modest proposal to address the State revenue problem(s):  

a)  Ban double- and triple-dipping on state pensions.  If a person qualifies for more than one pension, pick one.  The others are turned back to the treasury, to support our schools.

b)  Cap PERS pensions at, say, 1.5x the median income of the working population of the State.  This gives all State legislators, bureaucrats, and regulators a real-world incentive to boost the economy for everybody, not just the bureaucratic class.

c)  Likewise ban all automatic promotions (and automatic pay raises) within a year of normal retirement.  Calculate retirement benefits on a longer-term 
running average, not last-rate-of-pay.

d)  Subject all PERS rules and benefits changes to a Citizens Review Panel (with legal veto power), composed of individuals who do not and will not draw a PERS pension, to prevent conflicts of interest (corruption).

There!  That's a start!  Should save several 10s of millions of $$ per annum, at a minimum.