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. Prior to that, held positions at the National Breast Cancer Coalition and the International Fund for Agricultural Development.
At Reason, Gassenberger has contributed to in-depth analysis of the Arkansas TRS, Florida FRS, Louisiana LASERS, Louisiana TRSL, Mississippi PERS, Montana MPERS, Montana TRS, New Mexico ERB, New Mexico PERA, North Dakota PERS, Texas ERS, and Texas TRS pension systems.
Gassenberger has also presented testimony in Montana, Nebraska, and Texas during state pension reform efforts.
His work has been published in The Wall Street Journal and Business Observer.
Gassenberger recently shared the stage at the Pelican Institute’s Solutions Summit 2.0 with Louisiana State Senator Barrow Peacock, Michigan State Senator Phil Pavlov, and Jonathan Williams, Chief Economist at The American Legislative Exchange Council in discussing “Fostering a Sustainable System for Louisiana.”
Gassenberger graduated from the University of New Orleans with a BA in international relations and received a MA in public policy from Tel Aviv University.
More Pension Debt Revealed As Florida Lowers Assumed Rate of Return to More Realistic Levels
Missing the mark on investment return assumptions has added $17 billion to the Florida Retirement System's unfunded liability over the past decade.
Slight Improvement, But Same Story: Louisiana Teachers’ Pensions Are Still in Trouble
Long-term investment losses have systematically starved TRSL of the revenue it needs to keep the retirement system on track to full funding.
The Teachers Retirement System of Texas Is Increasingly Relying on Risky Investments
TRS, an already-unhealthy pension plan with $46 billion in unfunded liabilities, needs to lower the rate of return it expects to generate from investments.
Public Pension Plan Designs Are the Problem, Not Pensions Themselves
If you build a pension system with risk management in mind, you can avoid the common pitfalls that have led to the over $1 trillion in U.S. public pension debt.
Continuing Reform: Challenges Persist With the Florida Retirement System (FRS)
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.
Assessing the Financial Sustainability of Montana’s Largest Public Pension Systems
Despite investment markets showing historic gains, Montana’s public pension systems are experiencing an increase in unfunded liabilities and are likely to continue on their path to insolvency if needed technical adjustments aren't made.
Teachers’ Retirement System of Louisiana (TRSL) Pension Solvency Analysis
Investment returns failing to meet unrealistic expectations has been the largest contributor to the unfunded liability growth, adding $4.2 billion to the unfunded liability since 2000.
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.
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.