On February 13, 2014, Jack Ehnes (CEO of CalSTRS) released a report indicating that the unfunded liability was more than $60 billon, with actuarial projections showing that the fund would be unable to pay all constitutionally guaranteed benefits starting sometime in 2046. At that point in time, the incoming contributions from current working members would be paying out as much of the benefits as possible, making the pension payments about 50% of the actual amounts. This repor