Policy Analyst, Reason Foundation
Raheem Williams is a policy analyst with Reason Foundation's Pension Integrity Project.
Previously, Williams worked as an economic research specialist with The Center for the Study of Public Choice and Private Enterprise at North Dakota State University.
He completed his undergraduate degree in economics at Florida International University in Miami, FL, and his Master’s in Financial Economics at the University of Detroit Mercy.
The public pension plan has only 68 percent of the assets needed to fully fund the system in the long-term.
If properly designed, defined contribution plans can meet the employee retirement needs of today’s evolving and dynamic public sector workforce.
Better risk management and more realistic plan assumptions can help ensure the state delivers the promised retirement benefits to its employees.
The retirement benefits ultimately received by members of both plans within FRS will come at an ever-increasing cost to taxpayers and other public services if needed technical adjustments to both plans go neglected.