Ryan Frost is a policy analyst at Reason Foundation's Pension Integrity Project.
Prior to joining Reason, Frost spent seven years as the senior research and policy manager for the Washington State Police and Fire Plan (LEOFF 2), a plan that is nationally recognized for its exceptional funding level. Frost conducted multiple pension studies for the Washington State Legislature. He also drafted and testified on six pieces of adopted legislation affecting LEOFF 2 members, including a first of its kind annuity-rollover provision for defined-benefit plans.
Frost earned his B.A. in politics and government from Pacific Lutheran University and a certificate of achievement in public plan policy from the International Foundation of Employee Benefit Plans.
Auditors Recommend Arizona’s Largest Pension Plan Consider Reducing Its Investment Return Assumption
Modeling suggests ASRS is not going to meet its assumed rate of return on investments.
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.