Ahhhh. And most likely that is exactly what the government wanted the whole time. 
No PFD so all that is currently in the fund is theirs to do with as THEY see fit. 
Look at this way. Take a bullet or an arrow. Bullet most likely will be the quicker death than the arrow but you still are going to die. Just given a choice how.
They , the state government , are just giving you the choice of how they are going to "rape" you financially.