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Testimonies

  • Testimony: Legislation in Michigan Would Expand Retirement Income Options for State Employees
    Testimony: Legislation in Michigan Would Expand Retirement Income Options for State Employees

    HB 4733 and 4734 would enhance a public employee’s ability to secure guaranteed lifetime income via annuity products.

    By Ryan Frost
    May 14, 2021

  • Testimony: Maine Flavored Tobacco Ban Would Not Achieve Intended Outcomes
    Testimony: Maine Flavored Tobacco Ban Would Not Achieve Intended Outcomes

    Flavored tobacco bans will promote further inequalities in the criminal justice system, push tax revenue to other states, increase the illicit tobacco trade, and fail to improve public health.

    By Guy Bentley
    May 6, 2021

  • Testimony: Texas Pension Reform Effort Would Improve Retirement Security, Lower Costs
    Testimony: Texas Pension Reform Effort Would Improve Retirement Security, Lower Costs

    Legislation in Texas could save the state $15 billion in pension costs over 30 years.

    By Steven Gassenberger and Leonard Gilroy
    May 4, 2021

  • Testimony: Legislation in North Dakota Would Not Fully Address Pension Debt, Funding Risks
    Testimony: Legislation in North Dakota Would Not Fully Address Pension Debt, Funding Risks

    Changes to funding, amortization, and assumption-setting policies could effectively contain the risks of growing pension debt in North Dakota.

    By Raheem Williams
    April 26, 2021

  • Testimony: Funding and Financing New Transportation Investments in Michigan
    Testimony: Funding and Financing New Transportation Investments in Michigan

    Policymakers should focus on the value proposition when considering transportation investments.

    By Adrian Moore
    April 22, 2021

  • Testimony: Texas Considers Report on Assumed Rate of Return
    Testimony: Texas Considers Report on Assumed Rate of Return

    According to ERS reporting, deviations from investment return assumptions have added $8.43 billion in debt to the pension system since 2001.

    By Steven Gassenberger
    April 16, 2021

  • Congressional Testimony: How Federal Transit Policy Needs to Change
    Congressional Testimony: How Federal Transit Policy Needs to Change

    Recommendations for adjusting mass transit policy to reflect long-term ridership trends and the COVID-19 pandemic's impact.

    By Baruch Feigenbaum
    April 15, 2021

  • Congressional Testimony: The Long-Term Solvency of the Highway Trust Fund
    Congressional Testimony: The Long-Term Solvency of the Highway Trust Fund

    Restoring the users-pay/users-benefit nature of the Highway Trust Fund would lead to a greater willingness by highway users to consider paying more for highways.

    By Robert Poole
    April 14, 2021

  • Testimony: Legislation in Montana Would Use Marijuana Tax Revenue to Pay for Pensions
    Testimony: Legislation in Montana Would Use Marijuana Tax Revenue to Pay for Pensions

    Dedicating marijuana tax revenues to pay down long-term pension debts can help improve a state’s financial position.

    By Steven Gassenberger and Geoffrey Lawrence
    April 1, 2021

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