Ryan Frost is a policy analyst with the Pension Integrity Project at Reason Foundation.
Prior to joining Reason, Ryan was a senior research and policy manager for the Washington state law enforcement officers’ and firefighters’ pension plan board. Ryan’s focus during his seven years with the plan was to conduct studies for the board and state legislature, draft and testify on bills, and regularly meet and engage with the plan’s stakeholders.
Ryan earned his B.A. in Politics and Government from Pacific Lutheran University and lives with his wife and son in Washington state.
These Washington state retirement plans, TRS 1 and PERS 1, already have combined unfunded liabilities of $8.4 billion.
Legislative package would continue Michigan’s efforts to make its pension plans financially sustainable for the long-term while keeping the promises the state has made to employees and retirees.
While the changes should help reduce costs to employers in the short-term, they come at the price of higher overall costs in the long-term.
ASOP No. 51 is meant to help pension plan sponsors better understand and manage pension risk.