Anil Niraula is a quantitative policy analyst with Reason Foundation’s Pension Integrity Project. He primarily focuses on historical and predictive analysis of public pension finances using best practices, including actuarial modeling, to inform pension policy in different states. He also regularly writes for reason.org.
Prior to joining Reason Anil interned at the Heritage Foundation, and worked at the International Monetary Fund in projects officer capacity conducting data analytics. He holds MS in Applied Economics from Johns Hopkins University (Washington, D.C.).
The changes are significant and positive steps for PERA, but leave some systemic challenges—namely actuarial methods and assumptions—unaddressed.
Investment returns failing to meet unrealistic expectations has been the largest contributor to the unfunded liability growth, adding $4.2 billion to the unfunded liability since 2000.