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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How to Make Positive Changes to the South Carolina Retirement System
This series of one-pagers aims to explain how a state can transition to a new retirement plan design, the benefits of expanding retirement plan choice for South Carolina's workers, and more.
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Testimony: How to De-Risk and Accurately Price Florida’s Pension Plan
Senate Bill 84 may result in long-term cost savings for the state, but if enacted, the Florida Retirement System will still be vulnerable to realistic market stresses.
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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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Montana Public Employee Retirement System (MPERS) Pension Solvency Analysis
The Montana Public Employee Retirement System public pension plan is only 74 percent funded.
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North Dakota Public Employees Retirement System Pension Solvency Analysis
The public pension plan has only 68 percent of the assets needed to fully fund the system in the long-term.
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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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Defined Contribution Plans: Best Practices in Design and Utilization
If properly designed, defined contribution plans can meet the employee retirement needs of today’s evolving and dynamic public sector workforce.
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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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New Mexico Educational Retirement Board Pension Solvency Analysis
New Mexico's Educational Retirement Board has $7.9 billion in unfunded pension liabilities.
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Louisiana State Employees’ Retirement System (LASERS) Pension Solvency Analysis
The Louisiana State Employees' Retirement System has only 64 percent of the assets needed to fully fund the pension system.
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Teachers’ Retirement System of Louisiana Pension Solvency Analysis
The latest, official numbers reveal that the Teachers’ Retirement System of Louisiana now has over $10 billion in unfunded pension liabilities.
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Teacher Retirement System of Texas Solvency Analysis
Investment returns failing to meet unrealistic expectations have been the largest contributor to the public pension plan's unfunded liabilities, adding over $30 billion in debt since 2001.
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Arizona Public Safety Personnel Retirement System Solvency Analysis
Recent reforms to the public safety personnel public pension system are showing significant savings and increased retirement security for employees.
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Examining How Much Money That Pension Debt Takes Away From Michigan’s Classrooms Each Year
In 2018, Detroit Public Schools spent $2,202 per student on MPSERS debt, which equals nearly 27 percent of the district's per pupil foundation grant from the state.