Leonard Gilroy is vice president of government reform at Reason Foundation and senior managing director of Reason's Pension Integrity Project.
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Texas Bill Threatens Houston’s Financial Wellbeing
Legislation to grant mandatory arbitration privileges to the Houston Fire Department could have severe negative impacts on Houston's finances.
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California’s Pension Debt Takes Money From Classrooms and Students
The rising cost of pension debt crowds out the education budget, diverting funds away from classrooms.
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Contribution Increases Could Help New Mexico’s Teacher Pension Plan, But More Changes Are Necessary
Recently proposed changes would improve the pension plan's funded status, but still fall far short of helping the plan reach full funding.
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Public Pension Funds Should Avoid Social Investing Strategies
Basing investment strategies on environmental, social, and governance factors would likely violate public pension fiduciary duties.
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Evaluating the Actuarial Soundness of Texas’ Largest Public Pension Plans
Reforms would move the state towards more sustainable and responsible retirement systems that better protect Texas' teachers, public employees and taxpayers.
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Oregon Supreme Court Ruling Has Major Implications for Retirement Security and Hybrid Plan Design
The court's ruling has far-reaching implications for hybrid retirement systems like Oregon’s.
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Michigan Enacts Comprehensive Tolling Study
The law could provide a long-term solution to funding and modernizing Michigan’s highways, which are in poor condition
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The Potential Risks and Rewards of CalPERS’ New Investment Policy
The nation's largest public pension plan is seeking better returns by investing in more private equity and allowing strategic borrowing.
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Seeking Pension Resiliency
National public pension funding barely improved over the last decade despite a historic bull market. It would be false hope to think that we will invest our way out of the current crisis. It’s time to think differently.
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Proposed Reforms to Georgia’s Teacher Pension System Missed the Mark
Previously introduced legislation to reform the Teachers Retirement System of Georgia attempted to address out of control costs but fell short of comprehensive reform for retirees and taxpayers.
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New Mexico Enacts Bipartisan Pension Reform to Improve PERA Solvency
Senate Bill 72 was a necessary and crucial first step towards improving the financial health of PERA and ensuring the sustainable delivery of public employee retirement benefits for state and local workers
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The Impacts of Proposed Changes to Georgia’s Teacher Retirement System
Understanding the bills’ short-term costs along with their potential long-term benefits is critical to fully evaluating these reforms.
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PERA’s Redesigned COLA Provides Retirees Inflation Protection and Improved Sustainability
Senate Bill 72 aligns the New Mexico Public Employees Retirement Association’s benefit adjustments with other fully-funded state pension plans and provides robust protections for retirees against inflation.
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Key Stakeholders Agree It’s Time to Reform the New Mexico’s Largest Public Pension System
The proposed reforms to PERA are a great first step toward addressing the debt currently looming over the state budget.
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Proposed New Mexico PERA Board Restructuring Would Improve Expertise, Balance Representation Long-Term
The proposed legislation offers the promise of improving the experience and oversight capabilities of the Public Employees Retirement Association's governing board.
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Redesigning Cost of Living Adjustments Would Improve PERA Sustainability
The Public Employees Retirement Association Pension Solvency Task Force projects PERA currently has only a 38 percent chance of reaching full funding by 2043.
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Why PERA Being Only 71 Percent Funded Is Not Enough
The New Mexico Public Employees Retirement Association has at least $6.1 billion in pension debt and potentially more if its current actuarial assumptions are too aggressive, which is likely.
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Why New Mexico Needs to Reform the Public Employees Retirement Association Now
The proposed reforms would be a meaningful step toward strengthening PERA while putting as little stress on members and taxpayers as possible.