California’s Pension Crisis: What Can We Learn From Illinois? Thursday, October 13, 2016 | Sacramento, CA Listen / download audio Update RequiredTo play audio, update browser or Flash plugin. 401(K) 2012 / Flickr When it comes to pensions, Illinois could be California’s ghost of Christmas past yet to come. Capital Public Radio continues its series with the LA Times and CALmatters on our state’s pension crisis but this time, comparing it to the dire state of affairs in Illinois. WBEZ’s Dan Weissmann examined how the state found itself with more than a $100 billion in public pension debt and the ripple effects that it's having on the rest of its economy. He joins us from WBEZ's studio in Chicago. But some disagree with the Illinois comparison and see California in a healthier fiscal position. Cheryl Eason of CalPERS will join Weissmann for this conversation on Insight.