Easy to fix, ban long term compensation agreements. If a union wants an annuity, they can go buy it from an insurance company. No need to negotiate anything other than cash salaries. Unfortunately, not enough taxpayers vote to offset the government workers voting themselves benefits as a bloc.
And sadly every time we grow the size of government by assigning more responsibilities to government, the larger that voting bloc grows. In states favoring big government, this can only end badly. Although they can always raise taxes to address shortfalls, this has limits as it eventually drives those paying the most taxes to low-tax states.
