The state of California will launch a massive new retirement program that could cover nearly 7 million private-sector workers, under legislation singed by Governor Jerry Brown yesterday (Thursday). Capital Public Radio's Ben Bradford reports.
KVCR's Ken Vincent introduces report from Capital Public Radio's Ben Bradford
The California Assembly yesterday (Thursday) passed a bill that would create a "state option" for workers whose employers don't offer retirement plans. The California Report's Marisa Lagos has details.
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.
The California Public Employees' Retirement System has released new data about what it pays for private equity investments. As Capital Public Radio's Ben Bradford reports, it's a rare look at the unusual arrangement required by the private equity industry.