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Policy Studies

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  • Paying down PSPRS debt faster is a win for taxpayers
    Paying down PSPRS debt faster is a win for taxpayers

    Unfunded PSPRS and ASRS liabilities make those pension systems more costly, pressuring government budgets. Paying down pension debt as fast as possible avoids interest costs and saves taxpayers money.

    Backgrounder by Leonard Gilroy and Steven Gassenberger April 19, 2022

  • Evaluating the potential impacts of Louisiana Senate Bill 438
    Evaluating the potential impacts of Louisiana Senate Bill 438

    The proposed hybrid plan is more expensive than the current pension under all scenarios.

    Backgrounder by Leonard Gilroy and Steven Gassenberger April 22, 2022

  • Scrutinizing NDPERS’ cost claims on House Bill 1040
    Scrutinizing NDPERS’ cost claims on House Bill 1040

    NDPERS is choosing to adopt the costliest interpretation of HB 1040 and is cherry-picking the worst from a range of actuarial cost estimates to scare away proponents.

    Backgrounder by Leonard Gilroy and Ryan Frost February 7, 2023

  • Modeling methodology and approach to analysis of public retirement systems
    Modeling methodology and approach to analysis of public retirement systems

    The Pension Integrity Project uses custom-built actuarial and employee benefit models that are tailored to reflect each unique retirement system.

    Backgrounder by Leonard Gilroy and Zachary Christensen February 17, 2023

  • Montana’s default retirement benefit option should best serve most public workers
    Montana’s default retirement benefit option should best serve most public workers

    Montana House Bill 226 would better align the default retirement benefit option with what would best most workers need.

    Backgrounder by Leonard Gilroy and Steven Gassenberger April 10, 2023

  • Senate Bill 88 would expose Alaska to potentially higher pension costs
    Senate Bill 88 would expose Alaska to potentially higher pension costs

    Senate Bill 88 would likely cost Alaska more than $8 billion in the coming decades.

    Backgrounder by Leonard Gilroy and Zachary Christensen April 17, 2023

  • Missouri’s bill would revive bad pension funding policy
    Missouri’s bill would revive bad pension funding policy

    Pensions should not rely on variable fee revenue streams tied to the volume of activity in the criminal justice system.

    Backgrounder by Leonard Gilroy and Ryan Frost February 8, 2024

  • Major costs and risks associated with restoring the Florida Retirement System’s cost-of-living adjustment
    Major costs and risks associated with restoring the Florida Retirement System’s cost-of-living adjustment

    Florida's cost of bringing back COLAs could rise above $32 billion over 30 years.

    Backgrounder by Leonard Gilroy and Zachary Christensen February 8, 2024

  • Redirecting MPSERS’ debt payment could cost taxpayers $1.4 billion
    Redirecting MPSERS’ debt payment could cost taxpayers $1.4 billion

    Eliminating a $670 million annual contribution into MPSERS would require an additional $1.4 billion over the next 14 years in net pension payments.

    Backgrounder by Leonard Gilroy and Ryan Frost February 23, 2024

  • House Bill 2854 threatens Oklahoma’s pension progress
    House Bill 2854 threatens Oklahoma’s pension progress

    House Bill 2854 would re-expose Oklahoma to unnecessary unfunded liabilities, financial risks, and hidden costs that would ultimately be borne by taxpayers.

    Backgrounder by Leonard Gilroy and Steven Gassenberger February 23, 2024

  • Regulated psilocybin access in Arizona would help treat mental health conditions
    Regulated psilocybin access in Arizona would help treat mental health conditions

    Arizona Senate Bill 1570 would create a regulated and limited program to access psilocybin.

    Backgrounder by Leonard Gilroy and Geoffrey Lawrence March 13, 2024

  • Delaying Mississippi PERS reform will increase cost to taxpayers
    Delaying Mississippi PERS reform will increase cost to taxpayers

    PERS faces a $25.5 billion shortfall largely due to unfunded benefit increases, investment underperformance, and insufficient employer contributions.

    Backgrounder by Leonard Gilroy and Steven Gassenberger April 12, 2024

  • Legalizing psilocybin access in Arizona would benefit mental health 
    Legalizing psilocybin access in Arizona would benefit mental health 

    Arizona Senate Bill 1555 would create a regulatory framework for limited, legal access to therapeutic psilocybin services.

    Backgrounder by Leonard Gilroy and Geoffrey Lawrence February 14, 2025

  • Arizona Senate Bill 1365 threatens higher taxpayer costs and pension risks 
    Arizona Senate Bill 1365 threatens higher taxpayer costs and pension risks 

    Arizona Public Safety Personnel Retirement System Tier 3 reform is working. Senate Bill 1365 would fundamentally alter the current system.

    Backgrounder by Leonard Gilroy and Ryan Frost February 19, 2025

  • New Mexico Senate Bill 219 would regulate medical psilocybin access
    New Mexico Senate Bill 219 would regulate medical psilocybin access

    The Medical Psilocybin Act would create a regulated system to allow patients with qualifying conditions to access and use psilocybin.

    Backgrounder by Leonard Gilroy and Geoffrey Lawrence March 24, 2025

  • Detailing Foreign Management of US Infrastructure
    Detailing Foreign Management of US Infrastructure

    Policy Brief by Leonard Gilroy and Adam Summers March 1, 2006

  • Addressing California’s Affordable Housing Shortage
    Addressing California’s Affordable Housing Shortage

    Alternatives to Proposition 1C

    Policy Brief by Leonard Gilroy, Adam Summers and Samuel Staley September 1, 2006

  • Analysis of California’s Proposition 90
    Analysis of California’s Proposition 90

    The Protect Our Homes Act

    Policy Brief by Leonard Gilroy October 18, 2006

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