Richard Hiller
Senior Fellow, Reason Foundation
Richard Hiller is a senior fellow with Reason Foundation's Pension Integrity Project.
Hiller is principal of Retirement Policy Consulting, LLC, and has worked on income-focused retirement plan designs for more than 35 years.
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Examining the populations best served by defined benefit and defined contribution plans
The claim that a defined benefit plan is more efficient than a defined contribution plan, purely on a basis of cost, overlooks a larger and more meaningful perspective regarding benefit distribution.
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Public retirement plan assets should never be utilized for political purposes
Politically-motivated activist investing and ineffective pension plan designs are just two areas of state and local retirement plans causing significant problems.
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Florida improves FRS Investment Plan, but more needs to be done
Florida policymakers should now seize the opportunity to take the necessary step—increasing employee contributions to 6%.
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The role of retirement plan design in recruiting workers to the public sector
Colleges and universities have recognized professors need portable retirement plans, but other public sector employers have been slow to adapt.
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Florida’s public defined contribution retirement plan has a big flaw
The low contribution rate of Florida's defined contribution plan could leave employees without a stable retirement income.
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Amidst great investment returns, public pension systems should reassess plan designs
The defined benefit plan long favored by public retirement systems falls short of meeting the retirement security needs for too many state and local government employees, particularly younger, newer employees.
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Putting a year of good investment returns for public pension plans in perspective
This year's exceptionally high investment returns are good news for struggling pension plans, but they do not mean all is right in the public pension world.
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Colorado’s Missed Pension Payment Could Cost Taxpayers Millions
One simple solution—especially with the state sitting on a massive surplus—would be a prompt make-up payment.
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Succesful Public Retirement Reforms Are Collaborative, Helping Workers and Taxpayers
Public pension reform efforts should focus on how best to recruit and serve employees in ways that are sustainable for taxpayers.
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Annuity Offerings Can Help Improve Michigan’s Defined Contribution Retirement Plans
Proposed legislation in Michigan would bring the state's defined contribution retirement plans more in line with industry best practices by offering annuities.
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Evaluating South Carolina’s Proposed Defined Contribution Retirement Plan
Proposed retirement plan reflects many best practices and could meet the needs of retirees, the state and taxpayers.
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Evaluating North Dakota’s Defined Contribution Retirement Plan for State Employees
Low cost policy changes could make North Dakota's defined contribution retirement plan a model for public retirement plans across the country.
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Addressing the Retirement Risks Facing Today’s Public Workers
Most public retirement plans do not account for the many major financial risks that their members could face in retirement.
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How to Make the Florida Retirement System Investment Plan an Effective Retirement Plan
Florida's current defined contribution retirement option does not meet the needs of public employers and employees.
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Rethinking Public Employee Retirement Plans
Combining elements of traditional pension plans and defined contribution retirement plans could create a new public retirement model that better serves taxpayers, employers and employees.
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Defined Contribution Retirement Plans Can Offer A Variety of Options for Secure Retirement Income
The simplest way to provide lifetime income within a defined contribution retirement plan is to allow the option for a plan member to purchase a lifetime annuity option at the end of his or her employment.
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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 Plans Need Leaders To Face Reality
It's time to address public pension debt through substantive change.
