States Consider Cutting Public Pensions To Balance Budgets07:48
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University of California workers wait their turn to speak against retirement cuts during a UC Board of Regents meeting in San Francisco. The UC system's governing Board of Regents approved a plan raising the minimum retirement age for some employees. (AP)
University of California workers wait their turn to speak against retirement cuts during a UC Board of Regents meeting in San Francisco. The UC system's governing Board of Regents approved a plan raising the minimum retirement age for some employees. (AP)

As states face budget shortfalls, lawmakers are looking for ways to save by trimming public employee pensions. We take a look at proposed changes around the country, with a touchdown in Wisconsin, where public pensions are shifting.

We speak with Mike Ivey, business reporter for the Capital Times in Madison, Wisconsin, and Kil Huh, director of research at the Pew Center on the States.

This segment aired on December 20, 2010.

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