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Reason Foundation Issues Commentary: CalPERS Monitor - How the Pension System Piled Up Debt and Could Add More
April 28, 2026
LOS ANGELES, California, April 28 -- The Reason Foundation issued the following commentary on April 27, 2026, by Zachary Christensen, Pension Integrity Project managing director and Jordan Campbell, managing director of government finance and senior quantitative analyst:

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CalPERS Monitor: How the pension system piled up debt and could add more

The California Public Employees' Retirement System has $179 billion in unfunded liabilities.

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