Ira Stoll on the Latest Public-Sector Pension Scandal


Credit: Hakan Dahlstrom / / CC-BY

The California Public Employees Retirement System, or Calpers, is the largest public pension fund in the country, and in recent years it's been embroiled in one scandal after another. Ira Stoll reports on the latest example of how the state-pension-industrial complex is having a disastrous impact on our political system.