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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Credit Rating Upgrade Doesn’t Clear Arizona of its Pension Problems
The state has $27 billion in unfunded pension liabilities today in its four major pension plans.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.