Morgenstern on California's Pension Benefits

Dec. 17 (Bloomberg) –- Marty Morgenstern, secretary of the California Labor & Workforce Development Agency, talks with Bloomberg’s Alison Vekshin about the pay and retirement packages of California Highway Patrol officers. According to data compiled by Bloomberg, California has the highest-paid state troopers in the U.S. More than 5,000 troopers made over $100,000 in 2011. (Source: Bloomberg)