I'm certainly no fan of PERS, and would love to see it "fixed", but that has proven to be an extremely difficult undertaking. Three-quarters of PERS's total liability, and virtually all of its unfunded liability, is owed to current retirees or inactive employees. The courts have ruled time and again  benefits for these people cannot be reduced in any meaningful way. It's time to take a deep breath, swallow hard, and try to get past the issue of PERS so we can develop solutions to Oregon's many pressing problems.