California teacher pension debt swamps school budgets

Very interesting. The question that springs to mind; what is to be done?

Is it fair that teachers can’t afford to live in the districts they teach in? I think not.

Should districts have to cut activities ( sports, arts, etc) to pay for a pay raise? I think not.

But these examples ^^ are simple and possess less moral hazards than the issue of teacher pensions.

As far as I can tell teachers in California were promised a certain pension payout by politicans no longer in power. Should the present population subsidize the foolish promises of the past?

I think not.

But I know very(very) little about how pensions function so am curious how HN thinks we solve this crisis.