off the government sooner or later nobody is there to pay the bills. john: but california has a higher cost of living. >> even with that this does not justify the difference of the $50,000 average for 70,000. california prices itself out of the market. john: and calpers assumed the 8% rates of return. now they just lower it down at seven point* 5% like that is responsible. why do they think they can make that rate of return? >> tonight i will party with the victoria secret supermodel. it would happen if calpers will not meet those targets that means the unfunded