The Faces of 90.5 WESA
Thu May 16, 2013
The Pennsylvania Pension Crisis: How Did We Get Here?
Gov. Tom Corbett and his allies in the state Legislature have introduced controversial legislation to reform the pension systems for state employees and public school teachers.
The sponsors say the bills make necessary cuts to reduce the state’s massive liability problem. Unions argue that the measures are illegal because they cut current workers’ future benefits.
To get a handle on how Pennsylvania’s two public pensions ended up in their current funding crisis, one has to look more than a decade into the past.
WESA reporter Noah Brode takes us on a trip down memory lane, with a feature about the makings of Pennsylvania's pension funding crisis.
State Pension Funding