Zachary Christensen
Managing Director, Pension Integrity Project, Reason Foundation
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 has contributed to in-depth solvency analysis of the Arizona PSPRS, Arkansas TRS, Louisiana TRSL, Texas ERS, and Texas TRS pension plans.
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.
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Alaska pension bill would bring major financial risk and unfunded liability growth
House Bill 55 would commit Alaska to unpredictable long-term costs for public safety workers' pensions so it is crucial to consider the costs over decades, not just a few years.
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Current pension plans aren’t helping recruit and retain teachers
The data show that public pension offerings may be preventing public schools from providing teaching staff what they really want: higher salaries.
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Gov. DeSantis’ proposed budget would improve Florida’s defined contribution retirement plan for teachers, workers
The governor’s proposal would raise the state's retirement contribution rate for employers by 3 percent, bolstering employees' retirement accounts.
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Testimony: Recommendations for the FRS Investment Plan
Adjustments to Florida's public defined contribution retirement plan could better serve employees and taxpayers.
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Three reasons why public pensions still need reform
Despite realizing excellent investment returns in 2021, public pension plans are still in need of reforms to prevent future debt and ensure they can pay out promised benefits.
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Colorado’s pension debt may be worse than policymakers think
A change to PERA's mortality assumptions, which more accurately project the length of time current members will be drawing benefits from the plan, added $3.1 billion in liabilities.
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Colorado’s Missed Pension Payment Could Cost Taxpayers Millions
One simple solution—especially with the state sitting on a massive surplus—would be a prompt make-up payment.
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Landmark Texas Pension Reform Law Tackles Funding Issues, Secures Employees’ Retirement Benefits
Senate Bill 321, the new Texas pension reform law, addresses persistent structural underfunding and will pay down over $14 billion in unfunded liabilities.
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An Extra Pension Payment Could Generate Immediate Savings for Colorado And State Employees
A new report finds that making a $500 million payment to PERA this year could generate significant annual savings.
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California’s Pension Debt Takes Money From Classrooms and Students
The rising cost of pension debt crowds out the education budget, diverting funds away from classrooms.
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Colorado’s Proposal to Roll Back Pension Contributions Would Have Long-Term Costs
While weighing policy options to alleviate coronavirus-related budgetary pressures, it is critical policymakers understand short-term savings can mean much higher long-term costs.
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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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Seeking Pension Resiliency
National public pension funding barely improved over the last decade despite a historic bull market. It would be false hope to think that we will invest our way out of the current crisis. It’s time to think differently.
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Examining Yavapai County and How Pension Debt Drives Rising Costs for Arizona Municipal Governments
Yavapai County’s total payments to ASRS and PSPRS have skyrocketed from about $587,000 per year in 2001 to over $8 million in 2018.
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Examining the City of Bisbee and How Pension Debt Drives Rising Costs for Arizona Municipal Governments
The city of Bisbee's total payments to ASRS and PSPRS have skyrocketed from about $100,000 per year in 2001 to over $1.6 million in 2018.
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Examining the City of Globe and How Pension Debt Drives Rising Costs for Arizona Municipal Governments
The city of Globe's total payments to ASRS and PSPRS have skyrocketed from about $115,000 per year in 2001 to over $1.8 million in 2018.
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Examining the City of Sedona and How Pension Debt Drives Rising Costs for Arizona Municipal Governments
The city's total payments to ASRS and PSPRS have skyrocketed from about $179,000 per year in 2001 to almost $3 million in 2018.
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The Town of Gilbert and How Pension Debt Drives Rising Costs for Arizona Municipal Governments
The town of Gilbert's total payments to ASRS and PSPRS have skyrocketed from about $1 million per year in 2001 to almost $18 million in 2018.