I'm employed in the fire service in Alabama, and I'm a 20+ year Retirement Systems of Alabama(RSA) member.
If it weren't for the RSA, the state's tourism would suck. The RSA developed the Robert Trent Jones Golf Trail and has done more to promote the state than the state has.
This being said, necessary changes to the RSA were made recently to stabilize the pension system. If the teachers would relent and give up their ultra cheap state paid for insurance that cops and firefighters do not get, it would be even more solvent.
Alas, the teachers side of the system is filled with unsatiable socialists.
I think I'm in the last generation of what we know as a traditional pension system, and rightfully so. The world is changing. Adapt or die.