The board at OPERS voted to reduce medical benefits to avoid collapse by 2030.
Pension insurance to assume benefit payments for 8,000 members.
PBGC multiemployer program is expected to run out of money in six years.
The state pension fund is only surpassing its 10- and 20-year goals, falling short over other periods.
Projections now show a 90% chance the program will run out of money in seven years.