PHOENIX – Retirement Security Initiative, an advocacy group for fairness and solvency in public sector retirement plans, is taking issue with a University of California report that argues that fully funding pensions may be a "misguided" goal.

The report, authored by Tom Sgouros and released last month through the Haas Institute for a Fair and Inclusive Society at UC Berkeley, argues that full funding of public pensions is a wrong-headed effort to comply with problematic accounting rules.

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