I've glanced at the key features of his report and find it very encouraging. Given the inevitability that public sector pensions have to be, and will be, reigned in a little, some of the worst scaremongering is - as usual - way off the mark.
He has rejected wholesale slaughter ("I won't get involved in a race to the bottom") thus siding in spirit with the unions who want private sector pensions dragged towards public sector values, rather than vice versa.
He has endorsed the principle of what you've earned you keep.
He has noted that the affordability/cost balance is already improving (and will continue to do so as the percentage of the working population in public sector employment will dramatically decrease over the next five years.)
And he is keeping the focus on basic structures such as contribution (however contribution is calculated or defined), age ranges and types of payout.
On balance, public sector pensions (and especially the AFPS) will continue to to be very good in real terms and vastly better than 99 per cent of the schemes in the private sector.