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The pension gamble

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English subtitles for the deaf and hard of hearing.


Correspondent, Martin Smith.

Publication Information

[Boston, MA] : WGBH Educational Foundation, [2019]


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Originally broadcast on PBS as an episode of the television series Frontline in 2018.

America is in the midst of a pension crisis: Around half of all states haven't saved nearly enough money to pay for the benefits they've promised to government workers--and the total shortage adds up to trillions of dollars. Who is responsible--and what is at stake for the country's teachers, police, firefighters, and other public employees? The Pension Gamble traces how state governments have withheld pension contributors to cover shortfalls and by waging risky bets on Wall Street. FRONTLINE goes inside the volatile fight over pensions playing out in Kentucky, a state whose once-flush pension system for its police, firefighters, teachers, and other public workers is now among the worst-funded in the nation. The Pension Gamble is a look at a system in crisis, state governments' and Wall Street's role, and why finding solutions matter.

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