"(The Center Square) – California's unfunded pension liabilities could swell to more than $285 billion in 2022, depending on investment returns, a new report from the Reason Foundation estimates.
The forecast, produced by the Reason Foundation's Pension Integrity Project, estimates that unfunded pension liabilities could grow to $232.98 billion if California's major pension plans report -6% returns in 2022 and $285.57 billion if plans report -12% returns. That would represent a dramatic shift for the state, which had $131.57 billion in unfunded pension liabilities in 2021, according to the Reason Foundation."