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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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.
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Testimony: Recommendations for the FRS Investment Plan
Adjustments to Florida's public defined contribution retirement plan could better serve employees and taxpayers.
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Leasing city airport could help Phoenix pay down pension debt
Sky Harbor airport could generate between $1.5 billion to $2.9 billion in net proceeds to the city.
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Three reasons why public pensions still need reform
Despite realizing excellent investment returns in 2021, public pension plans are still in need of reforms to prevent future debt and ensure they can pay out promised benefits.
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Testimony on pension garnishment and forfeiture, and future pension policy considerations for Pennsylvania
The sooner plans embrace modern day market realities, the better these important issues can be addressed over the long-term.
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The Teacher Retirement System of Texas Is in Need of Serious Reform
After prudent reforms to the Employee Retirement System, the Texas legislature is considering bills that ignore the need to reform the Teacher Retirement System.
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These States Are Leading the Way on Pension Reform
State and local leaders seeking to make lasting improvements to government finances should look to Texas, Arizona, New Mexico, Colorado, and Michigan.
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Landmark Texas Pension Reform Law Tackles Funding Issues, Secures Employees’ Retirement Benefits
Senate Bill 321, the new Texas pension reform law, addresses persistent structural underfunding and will pay down over $14 billion in unfunded liabilities.
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Cash Balance Retirement Plan Would Offer Texas Workers Guaranteed Retirement Benefits
Both traditional defined benefit and cash balance retirement plan designs are examples of guaranteed return retirement plans that provide retirees a protected stream of lifetime income.
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How Would Senate Bill 321 Effect Texas’ Public Employee Recruitment and Retention
Only 14 percent of Texas new hires under 35 today are expected to serve a full career and receive an unreduced retirement benefit.
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Texas Considers Much Needed Reforms to Employees Retirement System
As Texas lawmakers consider the public pension reforms in Senate Bill 321, pension plan administrators warn that ERS is going to run out of money.
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Analysis of South Carolina Senate Bill 176
Senate Bill 176 would provide new hires a secure and attractive retirement plan that better protects the state's taxpayers.
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Analysis of Texas Senate Bill 321
Senate Bill 321 could save the state as much as $15 billion in long term costs and ensure that new employees' retirement benefits are fully funded.
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Testimony: Texas Pension Reform Effort Would Improve Retirement Security, Lower Costs
Legislation in Texas could save the state $15 billion in pension costs over 30 years.