Pennsylvania's Pension Woes Grow

New data from the state's Public Employee Retirement Commission reveals that Pennsylvania's three biggest cities -Philadelphia, Pittsburgh and Scranton- account for 90% of the state's unfunded pension liability. Pittsburgh's pension liability has risen to $523 million and is only 30-40% funded. Experts have differing views on what to do about the debt burden statewide. Suggestions include selling public assets, sharing the pension burden equally across all municipalities or eliminating future state worker pensions in favor of 401ks. Listen to Larkin Page-Jacobs' report on WDUQ's Audio Archive page.