The PERA board manages PERA and they negotiate with the legislature and unions. They had agreements - right? THEY mismanaged the money and THEY made the promises in those negotiations. Now they want to change those agreements to increase taxpayer contributions to make up for their mismanagement. The taxpayer is not the legislature and PERA.  You can't have it both ways. And So convenient that they try to make the taxpayer share the sacrifice for their mistakes because they think it is a never ending pot of gold so they don't have to be financially responsible and promise too much.  I agree with Hickenlooper so clearly I am not alone