California's Pension Crisis

How a pension deal went wrong and cost California taxpayers billions.

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A Tale Of Two Sectors

February 9, 2017 | Ali Budner

The general assumption for retirement security is a job in the public sector. The trade-off means lower pay, however. Meanwhile, the private sector has strayed from pension promises, but is a 401(k) worth it?

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Insight With Beth Ruyak

California Pension Crisis: Richmond

February 8, 2017

How are cities across California responding to the ballooning cost of pensions in the state? CALmatters Reporter Judy Lin explores a case study in Richmond where priority police and library services are already being cut.

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Richmond Makes Cuts To Services As Pension Costs For Public-Sector Workers Mount

February 6, 2017 | Ashley Gross

Many cities across California face rising costs for public employee retirement benefits. And for some, that’s laying bare a stark reality — it’s getting tougher to provide basic services and meet the pension obligations promised years ago.

Ali Budner / Capital Public Radio

State Government

A Case Study On Pension Reform: San Jose's Grand Compromise

December 29, 2016 | Ali Budner

Cities and states across the country are facing public employee pension debt that is challenging and, in some cases, crippling their budgets. But some municipalities are experimenting with ways to solve that problem.

Sam Harnett / Capital Public Radio

Are Public Pension Benefits Excessive? State Workers Say 'No'

November 28, 2016

California faces a $240 billion unfunded pension liability. But retired state workers who receive pensions say they are tired of drawing public blame.