Truong Bui
Managing Director, Reason Foundation
Truong Bui is a managing director of the Pension Integrity Project and senior policy analyst at Reason Foundation.
Prior to joining Reason, Bui was a financial analyst for Thien Viet Securities, a local investment bank in Vietnam, where he specialized in business valuation and investment memo preparation.
Bui graduated from RMIT University Vietnam with a bachelor's degree in commerce and received a Masters of Business Administration, with an emphasis in finance, from the Drucker School of Management at Claremont Graduate University.
Bui is based in Los Angeles.
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Employees Retirement System of Texas Solvency Analysis
Underperforming investment returns have been the biggest contributor to the growing unfunded liability, adding $8.4 billion in debt to the system since 2001.
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Florida Retirement System Pension Solvency Analysis
The Florida Retirement System is $36 billion in debt with only 82 percent of the assets on hand needed to pay out benefits over the long-term.
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New Mexico Educational Retirement Board Pension Solvency Analysis
New Mexico's Educational Retirement Board has $7.9 billion in unfunded pension liabilities.
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Examining How Much Money That Pension Debt Takes Away From Michigan’s Classrooms Each Year
In 2018, Detroit Public Schools spent $2,202 per student on MPSERS debt, which equals nearly 27 percent of the district's per pupil foundation grant from the state.
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Public Pension Investment Performance Has Historically Fallen Short of Return Assumptions
Declining interest rates and market volatility over the last three decades have made it harder for public pension plan investment performance to match assumed rates of return - and plans have been slow to lower their assumptions.
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Colorado Considers Reducing Pension Contributions in Response to Budget Concerns
If pension contribution policies are adjusted it would result in the addition of significant long-term costs and a public pension plan that is no longer en route to full funding.
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Public Pension Plans Weren’t Meeting Investment Expectations Long Before the Coronavirus
A reliance on overly optimistic assumed rates of investment returns was driving the increases in public pension debt before the recent economic downturn.
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Failing to Meet Investment Expectations Drives the Teachers’ Retirement System of Louisiana Debt
Investment underperformance has accounted for over 50 percent of the $6.3 billion worth of unfunded liabilities plaguing TRSL.
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The “New Normal” In Public Pension Investment Returns
The primary culprit of growing pension debt has been the across-the-board investment underperformance of pension assets relative to plans’ own return targets.