State pension crisis: how did we get here?

May 22, 2015

Pennsylvania Senate Majority Leader Jake Corman, R-Centre, insists on systemic changes to state employee pensions before agreeing to any of Governor Tom Wolf's budget proposals.
Credit Chris Knight / AP Photo

Pick your favorite issue or cause in Pennsylvania: public education, services for the poor, tax breaks for businesses.

Chances are, there's going to be less money for any of these moving forward because the state's public employee pension bill is growing exponentially, with a current unfunded liability of $53 billion.

Read the full version of this report at the website of Keystone CrossroadsThis is the part of a series of stories about Pennsylvania's municipal pensions, which are airing on WPSU this week. Keystone Crossroads is a new statewide public media initiative reporting on the challenges facing Pennsylvania's cities. WPSU is a participating station.