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Government

California's Public Employees Pension Crisis Began Nearly 20 Years Ago

KVCR | By Ashley Gross

Published September 20, 2016 at 10:32 AM PDT

Over the next few weeks, we're taking a closer look at the mounting debt California faces in covering public employees' pensions. As Capital Public Radio's Ashley Gross explains, it was during the dot-com bubble of the late 1990s when the state chose to make these benefits a lot more generous. It was a decision with lasting implications.

This story is part of a series examining California's pension crisis. It's a collaboration between CALMatters, The Los Angeles Times, and Capital Public Radio. For More information, go to Capradio.org.

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Ashley Gross

In July 2017, Ashley Gross became KNKX's youth and education reporter after years of covering the business and labor beat. She joined the station in May 2012 and previously worked five years at WBEZ in Chicago, where she reported on business and the economy. Her work telling the human side of the mortgage crisis garnered awards from the Illinois Associated Press and the Chicago Headline Club. She's also reported for the Alaska Public Radio Network in Anchorage and for Bloomberg News in San Francisco.

See stories by Ashley Gross