Well, yes, I think this has been going on all over for quite some time now, and it's horrible.
Governor Walker's bill here --- that we're trying to kill --- would take away the right to bargain at all, except for a few little issues. So, it would essentially mean NO MORE UNIONS --- for teachers, law enforcement or state workers.
From what I understand, these pension funds have been getting raided since the "Reagonomics" in the '80's. They usually try to cover it up, though.
Yes, it is good the state couldn't take away the employees' own contribution. I think sometimes they even raid that, though. I don't know a lot about the details of how it all works. Just the basics. I know enough to know it shouldn't be happening. It's unjust.