The State of Oregon, and PERS, are not going bankrupt.   They can't even if you wish they could.  The PERS retires will receive their benefits.  We can choose to fund other services, such as education, but to do so will require corporations to pay their fair share.  Tax increases for the wealthiest Oregonians and corporations is coming.  Do it with income taxes or property taxes or both.  It is going to happen.