The Brown administration has plans for an innovative money swap that could pay off billions in pension debt over the next two decades, but nonpartisan analysts say the proposal isn't fully cooked. Capital Public Radio's Ben Bradford explains.
KVCR's Ken Vincent introduces report from Capital Public Radio's Ben Bradford
Over the next few weeks, we're taking a closer look at the mounting debt California faces in covering public employees' pensions. As Capital Public Radio's Ashley Gross explains, it was during the dot-com bubble of the late 1990s when the state chose to make these benefits a lot more generous. It was a decision with lasting implications.