This is a bad editorial because it does not communicate the true PERS status.  As I understand it, no state employees have retirement money going into PERS.  The PERS system was ended in 2004 or thereabouts.  What PERS is today is paying out what is owed to employees who contributed before 2004.  Those government employees hired in the last 12 years do not have anything in the PERS system.  Those hired earlier have various amounts in the system, but when the last pre-2004 employees are paid off, the system will no longer exist.  Every year some of the PERS recipients die and the number remaining drops.  If the editorial were to be good, it would give us some idea of when all PERS recipients will be dead and the system history.  Even before all PERS participants are dead, their numbers will start dropping.  When will this occur?  Perhaps, I do not understand, but the editorial could have helped enlighten.