It's happening everywhere, and not just at the state level. This is also occurring at the city level, see Dallas[1]. They didn't have enough money to pay out sc

It's happening everywhere, and not just at the state level. This is also occurring at the city level, see Dallas[1]. They didn't have enough money to pay out scared people that are all trying to withdraw now, though they have implemented stop gaps[2]. 1 - http://www.nytimes.com/2016/11/21/business/dealbook/dallas-pension-debt-threat-of-bankruptcy.html http://www.nytimes.com/2016/11/21/business/dealbook/dallas-p... 2 - http://www.dallasnews.com/news/dallas-city-hall/2016/12/08/dallas-police-fire-pension-board-ends-run-bank-stops-154m-withdrawals http://www.dallasnews.com/news/dallas-city-hall/2016/12/08/d...