> it is the largest non-country pension fund in the world; and comes in the top 10 when listed among countries Yes, and that's the problem. It's funding is at

> it is the largest non-country pension fund in the world; and comes in the top 10 when listed among countries Yes, and that's the problem. It's funding is at 73% and dropping -- that 27% is an astronomical deficit. Numbers here: https://www.calpers.ca.gov/page/newsroom/calpers-news/2017/annual-report-details-fund-finances https://www.calpers.ca.gov/page/newsroom/calpers-news/2017/a...