As in the Evergreen Freedom Foundation's Amber Gunn when she wrote about the GASB 45 'Big One' coming back on 5 Sept.  Now, the state of Washington's public pension crisis has just hit a big bump.  From today's Olympian - hat-tip Orbusmax:

. . .

The Pension Funding Council should move down the expected rate of return on the pension fund to 7.75 percent per year, State Actuary Matt Smith suggested Tuesday.

The switch would require an extra $87 million in payroll contributions from public employees in the next two-year budget.

It also would require an extra $259 million in contributions to the pension fund from the state and local governments.

That's because lower expected returns on the investments in stocks, bonds, real estate and other holdings means more money must be put in now to pay for future retirements.