@Cal strs calp
@ers use similart
@echniques to claim solvency. They both consistently over estimate their future returns to claim they will be okay in the future,
Calpers consistently does this when they set contribution rates state as local governments have to pay in to the system. Example. Returns will be 8 % next 5 year period, so you need to contribute this much. But actual returns comes in at 6%, they don’t say that a catch contribution needs to be made, Instead they say next 5 years return will be 9% and everything will be okay. They just keep digging a deeper hole, because local governments can’t afford to increase contributions