By Robert Fellner, includes “… Geoff Dornan of the Nevada Appeal made this error again just last month, when he described the System’s unfunded liability as: '…the shortfall PERS would face if the system was dissolved and it had to pay retirement to every covered public employee.' … Just for the record, if the unfunded liability was an amount that only came due in the event the government ceased to exist, it would be worth ignoring. However, that’s not at all what PERS unfunded liability represents. …”