Zachary Christensen is a managing director of Reason Foundation's Pension Integrity Project.
Christensen’s work with Reason's Pension Integrity Project aims to promote solvent, sustainable retirement systems that provide retirement security for government workers while reducing long term costs for taxpayers and employees. Zachary and his team provides education, reform policy options, and actuarial analysis for policymakers and stakeholders to help them design reform proposals that are practical and viable.
The Pension Integrity Project has provided technical assistance to several successful pension reform efforts in recent years, including in Michigan, Colorado, Arizona, South Carolina, Texas and other states tackling persistent pension solvency challenges.
Christensen's work has been published in the Los Angeles Daily News, Orange County Register, NJ.com, Colorado Politics, and many other publications. He has also been featured in the Carolina Journal and the Michigan Capitol Confidential. His research has been published by the Hoover Institution, The Platte Institute, Texas Public Policy Foundation, and Rio Grande Foundation.
Prior to joining Reason Foundation, Christensen was a pension finance analyst at Stanford University’s Hoover Institution, where he worked on widely-cited research on the funding status and accounting methods for public sector retirement systems.
Christensen holds an M.S. in Public Policy from Pepperdine University and a B.S. in Political Science from Brigham Young University.
Pension Reform News: Forecasting state pension plans’ unfunded liabilities, some states make supplemental pension payments, and more
Plus: Texas needs to adjust its investment return assumptions, pension obligation bonds are getting riskier, and more.
Arizona and Michigan’s recent treatment of funding for pension systems is an example of the value of comprehensive pension reform.
The 2022 Public Pension Forecaster finds aggregate unfunded liabilities will jump back over $1 trillion if 2022 investment results end up at or below 0%.
Pension Reform News: Florida improves defined contribution plan, Alaska pension reform roll back blocked, and more
Plus: Assessment of the retirement efficiency gap leaves out some key details, Jacksonville’s public pension reform helps city get an improved credit rating, and more.
TRS has accrued $47.6 billion in pension debt since 2002, and most of it, around $25 billion, came from investment returns falling below the plan's assumptions.
Instead of unraveling pension progress, policymakers should seek to bolster the policies that brought resiliency and reliability.
Pension Reform News: Hybrid pension proposal falls short in Louisiana, shortcomings of ESG scores, and more
Plus: Texas needs to reform teacher pensions, past pension missteps should be a warning to California, and more.
A “catch-up” payment toward the New Hampshire Retirement System's unfunded liabilities would reduce pension debt and yield long-term cost savings.
Pension Reform Newsletter: Bill endangers Alaska’s reforms, Louisiana bills would weaken retirement system, and more
Plus: Why public pension funds should not be guided by politics, Kansas considers a defined contribution plan, and more.