On July 1, California’s Assembly Appropriations Committee advanced AB 1383, a bill that guts the pension reform Sacramento passed in 2013 to keep its own promises honest. CalPERS already carries more than $179 billion in unfunded liabilities. California’s total state and local pension debt tops $200 billion. Roughly $745 billion in unfunded multiemployer promises remain today. It will simply run out of cash and dare anyone in Washington to watch retirees lose their checks on television.