Steven Gassenberger
Policy Analyst, Reason Foundation
Steven Gassenberger is a policy analyst with Reason Foundation's Pension Integrity Project.
Prior to joining Reason, Gassenberger worked as a consumer advocacy manager for Xerox Corporation specializing in financial consumer regulation and compliance. He also worked as a senior associate for Stateside Associates, where he developed state-level management strategies for a variety of policy areas.
Gassenberger graduated from the University of New Orleans with a Bachelor of Arts in international relations and received a Master of Arts in public policy from Tel Aviv University.
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Teachers’ Retirement System of Louisiana (TRSL) Pension Solvency Analysis
Investment returns, failing to meet unrealistic expectations, have been the largest contributor to the unfunded liability growth, adding $4.2 billion to the unfunded liability since 2000.
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Public Pensions Left Out of Louisiana Debt Conversation
Acknowledging that obligation and the systemic issues that put that obligation at risk is the first step to addressing the entire debt issue for the betterment of all Louisianans, present and future.
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Texas Teacher Pension Funding Bill Passes, But More Still Needs to Be Done
The legislature created the conditions needed to issue teachers an overdue cost of living payment, but fell short of addressing the systemic reforms needed to make such benefit increases more consistent for retirees.
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Analysis of Texas Senate Bill 12 and Its Impacts on Texas Teacher Pension Solvency
The cost of the pension plan is proving to be more expensive than previously anticipated, and higher annual contributions will be necessary to fully fund the retirement benefits that have been promised to Texas teachers.
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Arizona State Retirement System (ASRS) Solvency Analysis
Preliminary analysis of ASRS actuarial valuation reports and Comprehensive Annual Financial Reports (CAFRs) by the Pension Integrity Project at Reason Foundation.
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Protecting Public Education and the Texas Teacher Retirement System
Unfunded pension promises will require diverting money from classrooms, teachers and school districts.
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Fitch Downgrades San Antonio Over Fiscal Inflexibility
The city was recently slapped with its first credit downgrade in a decade.
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Unfunded Liabilities Are Forcing Texas TRS Pension Contributions Ever Higher
The Teacher Retirement System (TRS) of Texas’ amortization payments have grown since 2003 and take up an increasing amount of teacher and state contributions.
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Texas TRS: Examining the 7.25 Percent Assumed Rate of Return
Adopting a more realistic projection of investment returns and the estimated value of pension benefits is important to ensuring Texas will uphold promises made to teachers.