By Kyle Glazier, includes "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. ... "It's not a very persuasive report," said San Jose Mayor Chuck Reed, a noted pension reform advocate who is a board member at the pension funding advocacy group. "It's basically an apology for the status quo." ... While cities might not be "liquidated" the way private sector entities might be, Reed said, they will stop paying their obligations if the funds aren't available. "They apparently have forgotten the great depression when states actually defaulted on their bonds," Reed continued. ..."