California's Public Employees Pension Crisis Began Nearly 20 Years Ago

Sep 20, 2016

Credit en.wikipedia.org

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.

This story is part of a series examining California's pension crisis.  It's a collaboration between CALMatters, The Los Angeles Times, and Capital Public Radio.  For More information, go to Capradio.org.

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