WAKE the WOKE
Commentary · Ideas are easy. Policy is hard. Wake up to what actually worked.
Commentary

Public Pensions (CalPERS)

Underfunded pensions crowd out services.

Fiscal / Taxes / PensionsGovernor / ExecutiveLiberty check

D · 10/24

1 · The idealist case (in its proponents' own framing)

Defined-benefit pensions reward public service.

2 · The realist counter-case

Critics cite unfunded liabilities.

3 · Predicted vs. measured — with caveats

CalPERS carried ~$186B unfunded; payments crowd out current budgets.

4 · Liberty check

Promised benefits vs. fiscal sustainability.

5 · The real tradeoff

A slow-moving fiscal squeeze.

Allies & Playbook

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No individual sponsor record is catalogued for this policy yet. Start with the primary sources below and the Allies directory.

Sources