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.
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.
TRS has at least $35.4 billion in pension debt, and billions more if the pension plan’s assumptions are wrong.
The key factors driving growth in TRS’ unfunded liability.
The Teacher Retirement System of Texas reported an unfunded pension liability of $35.4 billion in 2017.
California Voters Approve Tax Increases for Public Services, But Pension Payments and Debt May Eat the Money
Local governments say increased taxes are a path for increased public services, but the money is going to have to go to pension payments.