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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Pension Plan Investments in Alternative Assets Pose Serious Risk to Taxpayers and Members
Alternative investments are the most challenging investments to value because they require assumptions about complex future cash flows and valuation multiples from future sales.
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Florida Retirement Cost Increases Highlight the Need for Pension Reform
Florida legislators will have to address an additional $2.3 billion in FRS costs in the next eight years.
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Florida Retirement System (FRS) Solvency Analysis
The Florida Retirement System (FRS), has $36 billion in public pension debt. The Pension Integrity Project’s latest analysis shows that this debt has grown rapidly in the last decade and FRS has accumulated an additional $6 billion in unfunded liabilities since 2018.
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Texas Employee Retirement System (Texas ERS) Pension Analysis
The Employees Retirement System of Texas (ERS) has added over $15 billion in debt to the system since 2001. Underperforming investment returns have been the biggest contributor to the growth of this unfunded liability.
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Testimony: Legislation in Montana Would Use Marijuana Tax Revenue to Pay for Pensions
Dedicating marijuana tax revenues to pay down long-term pension debts can help improve a state’s financial position.
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Testimony: Texas Employee Pension System Considers Funding Change
Over $4.46 billion of ERS's pension debt can be attributed to the way the state systematically underfunds its public employee pension system.
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Testimony: Texas Pensions Would Benefit from Increased Transparency
A Private Equity Portfolio Performance report would make public specific information regarding the private equity holdings of TRS for third-party monitoring and evaluation.
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Montana Teacher Retirement System Pension Solvency Analysis
The public pension plan serving Montana teachers has $1.96 billion in debt.
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Testimony: Nebraska Taxpayers, Employees and Retirees Would Benefit From Pension Stress Testing
Stress testing can help stakeholders better understand the potential financial risks facing pension systems.