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.
Up Next
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

CalPERS pension or a 401(k)? State workers could choose under Democrat’s bill

February 15, 2018 10:00 AM