The "crisis" in PERS1 retirement funding is that 20-30 years ago they chose not to pay the state share. Zarelli is proposing that again. Don't pay now, pay later.

A lot of the way we got to this point has been the fund shifts, add a month to the biennium, lag paychecks 2 weeks to get more interest, and so on.

Politically, borrowing against the future is a great thing. The bill will be due after the incumbents leave office. Ergo, no problem.