Related links:
Reason Foundation post:
Unfunded public pension liabilities are forecast to rise to $1.3 trillion in 2022
[ Ссылка ]

The projection tool:
[ Ссылка ]

CalPERS press release on -6% returns:
CalPERS Announces Preliminary Net Investment Return of -6.1% for the 2021-22 Fiscal Year
[ Ссылка ]

My substack post on the above:
Public Pension Returns Start to Roll In for Fiscal Year 2022
Gains from FY2021 likely wiped out
[ Ссылка ]

Time Stamps:
00:00 Intro
01:51 Calpers returns news
03:09 Intro to projection tool
04:26 Unfunded liability
06:11 Funded ratio
06:50 Pension liabilities
10:00 Discount rate
10:59 Why the funded ratio moves
11:32 Projection tool demo
15:05 Why look at the tool?
16:03 Effect of Great Recession
18:10 Illinois example
19:15 Kentucky example
20:21 Comment on COLAs
21:25 When the assets are gone
22:05 New York example
22:55 Volatile assets

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