A nonprofit, nonpartisan media venture explaining California’s policies and politics

CALIFORNIA’S PENSION CRISIS


In the past year, CALmatters, Capital Public Radio and the Los Angeles Times have partnered to examine the history of the state’s pension woes and how key decisions to boost public workers’ benefits without setting aside extra money to pay for them have threatened the bottom lines for universities as well as state and local governments. Now, we’re turning our attention to schools.

In the past year, CALmatters, Capital Public Radio and the Los Angeles Times have partnered to examine the history of the state’s pension woes and how key decisions to boost public workers’ benefits without setting aside extra money to pay for them have threatened the bottom lines for universities as well as state and local governments. Now, we’re turning our attention to schools.

A Tale Of Two Sectors

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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