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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House Bill 22 and Senate Bill 35 threaten Alaska’s budgets
HB 22 and SB 35 would likely cost Alaska upwards of $800 million in the coming decades.
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Senate Bill 11 would bring public pension risk back to Alaska
SB 11 would likely cost Alaska $9 billion in the coming decades.
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Montana’s default retirement benefit option should best serve most public workers
Montana House Bill 226 would better align the default retirement benefit option with what would best most workers need.
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Modeling methodology and approach to analysis of public retirement systems
The Pension Integrity Project uses custom-built actuarial and employee benefit models that are tailored to reflect each unique retirement system.
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Pension changes in House Bill 22 and Senate Bill 35 threaten Alaska’s budgets
HB 22 and SB 35 could cost Alaska upwards of $800 million in the coming decades.
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Scrutinizing NDPERS’ cost claims on House Bill 1040
NDPERS is choosing to adopt the costliest interpretation of HB 1040 and is cherry-picking the worst from a range of actuarial cost estimates to scare away proponents.
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Examining the pension reform benefits of North Dakota House Bill 1040
HB 1040 would shift NDPERS to an actuarially sound method of funding, ensuring the state can deliver on its promises to members and retirees.
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Examining the Teachers Retirement System of Texas after the pension reforms of 2019
Senate Bill 12 of 2019 made reforms, but TRS contributions will likely be insufficient because the pension plan is using outdated economic assumptions.
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Evaluating the potential impacts of Louisiana Senate Bill 438
The proposed hybrid plan is more expensive than the current pension under all scenarios.
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Paying down PSPRS debt faster is a win for taxpayers
Unfunded PSPRS and ASRS liabilities make those pension systems more costly, pressuring government budgets. Paying down pension debt as fast as possible avoids interest costs and saves taxpayers money.
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House Bill 2486 threatens Oklahoma’s pension progress
Public pension changes of the magnitude being proposed should receive rigorous actuarial and risk analyses that ensure future generations’ interests are protected.
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Actuary highlights House Bill 55’s costs and risks to the Alaska Public Employees’ Retirement System
Changes of the magnitude being proposed in Alaska House BIll 55 should receive rigorous actuarial and risk analyses that have not yet been conducted.
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Keeping politics out of public pension investing
Policies directing public pension systems to make politically-motivated investments can undermine fund governance and increase financial risk to future generations.
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Phoenix’s traffic congestion is expected to worsen despite $70 billion in transportation spending plans
Vehicle hours of delay spent in Phoenix's traffic congestion are expected increase by at least 50% at all times of day by 2050.
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Expanding prefunding programs for the Arizona State Retirement System
Prefunding contributions for the Arizona State Retirement System could help ease the burden of rising pension costs on taxpayers.