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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North Carolina Teachers & State Employees Retirement System Solvency Analysis
Investment performance falling short of return assumptions has been the largest contributor to the public pension plan's growing debt, adding $7.6 billion in unfunded liabilities since 2008.
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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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New Mexico Public Employees Retirement Association Solvency Analysis
PERA administrators and stakeholders are likely to face persistent challenges made more pronounced by ongoing market and revenue volatility.
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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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Mississippi Public Employees’ Retirement System Solvency Analysis
Underperforming investment returns have been the biggest contributor to the growing unfunded liability, adding $6.8 billion in debt to the system since 2001.
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Arkansas Teacher Retirement System Pension Solvency Analysis
Investment returns failing to meet unrealistic expectations has been the single largest contributor to unfunded liability growth, adding $1.9 billion in debt to ATRS since 2000.
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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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North Carolina Teachers’ and State Employees’ Retirement System: A Pension Solvency Analysis
Better risk management and more realistic plan assumptions can help ensure the state delivers the promised retirement benefits to its employees.
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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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Modernizing Arizona’s Pension Policy
Testimony to the Arizona Senate Finance Committee on Arizona Senate Bill 1280, which is part of the state's effort to modernize pension policy and tackle underfunding.
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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.