Local government police and firefighter assets in 2009 were about 6.5 times more than payroll, a chart in the CalPERS risks report shows, climbed to 10.8 times more than payroll in 2018, and are projected to reach 13.6 times in 2024. “It is difficult to reduce plan maturity measures witho...
The CalPERS unfunded liability in the new report is $138.6 billion for the fiscal year ending June 30, 2016, up from $111.3 billion the previous year. ( see chart below) Some estimate that the unfunded liability grew toroughly $153 billionlast fiscal year. Another funding difficulty for matu...