The San Diego Union Tribune: CalPERS math portends grim future for government budgets

It may not get as much attention as more visceral stories, but the bleak outlook for the giant California Public Employees’ Retirement System and its 1.8 million members is troubling news. If issues go unaddressed, hundreds of government agencies — especially cities that have a higher percentage of costly public safety pensions — would be required to sharply increase their pension payments in coming years.