California's public pension crisis is bad and getting worse

California's two major public pension systems are underfunded and are asking local governments to pay more. Critics want to reduce benefits, while others say policymakers should allow time for recent changes to take hold.
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California's two major public pension systems are underfunded and are asking local governments to pay more. Critics want to reduce benefits, while others say policymakers should allow time for recent changes to take hold.

The State Worker

Chronicling civil-service life for California state workers

In CalPERS race, unions dig up candidate’s Wall Street past

September 15, 2017 12:01 AM