Comment: The COGFA pension briefing referenced in this report is linked here. There’s actually nothing new that’s significant in it — it’s a compilation of the actuarial reports for the state-level pensions that have already been published. These are the official (i.e., junk) numbers based on phony assumptions. As usual, the reporter and the COGFA briefing ignored healthcare liabilities to pensioners, which are entirely unfunded and increase the unfunded liability by roughly 50%.