Does PERS still annually distribute all the gains over 8% to PERS retirees of the year and get the State,  via budget and taxpayers,  employers,  to make up the differences when the annual return on investment does not reach the mandated 8% (of 7.5%, whichever it is)??  The one way street:  PERS enrollees get the gains,  all of them,  and taxpayers make up the difference below the mandated return in a volatile, up and down market.  The extra gains used to never go towards reducing any prior year under performances, which always added to the deficiency.  Theft. by any other definition.  Theft from the employer by the employees with the permission of the ruling Democrat machine since 1988.
  And can the PERS final payout be gamed by additional overtime and all the wage padding possible in the last three years of employment,  for the sole reason to boost the retirement payout?  We need to know all that before we sell the geese that lay golden eggs we all own.