Zachary Christensen is a policy analyst for Reason Foundation's Pension Integrity Project.
Christensen's public policy research has primarily focused on public sector retirement system finances and pension reform. Prior to joining Reason Foundation, Christensen was a pension finance analyst at the 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.
Investment returns, failing to meet unrealistic expectations, have been the largest contributor to the unfunded liability growth, adding $4.2 billion to the unfunded liability since 2000.
Preliminary analysis of ASRS actuarial valuation reports and Comprehensive Annual Financial Reports (CAFRs) by the Pension Integrity Project at Reason Foundation.
The Teacher Retirement System of Texas reported an unfunded pension liability of $35.4 billion in 2017.