Gavin Newsom: “77.5% funded.”

“By the way, at CalPERS, we adjusted the discount rate down, which was important. So these are real numbers from the old 7% strs. They stayed at 7%. So different conversation, but they slightly outperform … 77.5% funded. … fiscal health than we were seven, eight years ago as it relates to our unfunded liabilities.” (31:00–31:03)

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