I remember reading about another California muni where there was stupid decisions made and many people getting way out of proportion pensions...
IIRC, there were 8 making over $200K per year, more then what they were making when working... they increased the multiplier from 2X to 3X per year and also did a secondary plan.... why To keep up with the police who was keeping up with the state troopers....
The article was listing some different cities where the pension cost were over 20% of their budget!!!
This is not like Illinois where they just did not fund the plan, this is just a stupid pension plan from the get go.... you need to be able to fix the stupid plans...
I would characterize the Cali moves as criminal rather then stupid:
"It's Corruption On Steroids" - A Look Inside The El Monte, California Public Employee Pension | Zero Hedge
El Monte, California is a city of roughly 100,000 residents in East Los Angeles, many of whom struggle to make ends meet with a median household income of ~$39,000 and nearly 25% of people living below the poverty line. But while most of the people of El Monte struggle to meet monthly expenses, the city's public employees are living the high life courtesy of one of the most egregious taxpayer funded pension plans in the country.