Following are some of the possibilities state legislators will consider to help deal with the pension fund problem:

--Lowering cost-of-living increases.

--Raising workers' contributions to their benefits. The employer's contribution, covered by taxpayers, has risen four times as fast as employee contributions.

--Increasing the full retirement requirement to 30 years.

--Increasing the cost of "buying" retirement time to allow for early retirement.

--Increasing the number of years required to vest, or own, the retirement benefit to eight.

--Give higher-salaried people the option to pay more in contributions to cover future cost- of-living increases.

--Suspend retirement benefits for retirees who return to state jobs.

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