Mariana Trujillo
Policy Analyst, Pension Integrity Project, Reason Foundation
Mariana Trujillo is a policy analyst with Reason Foundation's Pension Integrity Project. She holds a Bachelor of Arts in economics from George Mason University. Before joining Reason Foundation, she worked in Treasury Market Risk at JP Morgan, the Mercatus Center, and the Cato Institute.
Trujillo’s research has examined the efficacy of common practices in public pensions. In a recent commentary, “Public pension reforms aren’t impacting public employee turnover rates,” she explored the impact on public employee recruitment and retention of moving new employees to a defined contribution plan, which was presented at the Alaska House of Representatives. In other writings, she has explored the consequences of low pension funding, discussing how Mississippi’s faulty contributions have led to credit downgrades and writing discouraging the issuance of pension obligation bonds by the city of Dallas, which was featured in The Bond Buyer. Trujillo previously moderated an expert panel on how pensions impact the recruitment and retention of public employees.
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How high interest rates impact public pension systems
Higher interest rates and pension systems' investment strategies risks burdening workers and taxpayers with even larger unfunded liabilities.
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Dallas should not bet on pension obligation bonds to save pension system
The Dallas Police and Fire Pension System has $3 billion in unfunded liabilities. But pension obligation bonds do not refinance pension debt, they leverage it.
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The way Michigan’s pension reform tackles public pension debt is a model for other states
Rather than simply paying off public pension debt, Michigan created a mechanism to push local pension systems toward solvency.
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Why public pension systems invest in private equity, even when they shouldn’t
Public pension funds are under pressure to reduce the accumulating debt as much as possible and present an actual rate of return that matches estimates.
