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ADVANCE FOR USE SUNDAY, FEB. 23, 2014 AND THEREAFTER - FILE - In this Thursday, July 26, 2012 file photo, Detroit Police officers, firefighters and other municipal union members march around the Coleman Young Municipal Center in Detroit to protest of a 10-percent pay cut and changes in health care benefits under contracts imposed by Mayor Dave Bing. (AP Photo/The Detroit News, John T. Greilick)
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California Public Employees Retirement System Board Member George Diehr, left, confers with board Vice President Priya Mathur during a meeting in Sacramento, Calif., Tuesday, Feb. 18, 2014. The board of the nations largest public pension is expected to vote, Tuesday, on how California cities and government agencies should absorb the mounting costs of retirees living longer. (AP Photo/Rich Pedroncelli)
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Terrence McGuire, who is a proxy for California Public Employees Retirement System Board Member, State Controller John Chiang, talks with board member Richard Costigan, during a meeting in Sacramento, Calif., Tuesday, Feb. 18, 2014. The board of the nations largest public pension agreed to Gov. Jerry Brown's request to accelerate the state's payments starting this summer, but cities counties and school districts' rates won't change until 2016. The board approved new assumptions for its pension system effectively increasing contribution rates. (AP Photo/Rich Pedroncelli)
