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FILE  - In a May 14, 2012, file photo Gov. Jerry Brown discusses his revised state budget plan during a Capitol news conference in Sacramento, Calif., Monday, May 14, 2012. A rift between Gov. Jerry Brown and the board overseeing the nation's largest public pension fund over rising liabilities tied to longer retiree life expectancies highlights a concern about how decisions are made at an agency with tremendous influence over state finances. (AP Photo/Rich Pedroncelli, )
Photo by: Rich Pedroncelli
FILE - In a May 14, 2012, file photo Gov. Jerry Brown discusses his revised state budget plan during a Capitol news conference in Sacramento, Calif., Monday, May 14, 2012. A rift between Gov. Jerry Brown and the board overseeing the nation's largest public pension fund over rising liabilities tied to longer retiree life expectancies highlights a concern about how decisions are made at an agency with tremendous influence over state finances. (AP Photo/Rich Pedroncelli, )

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