Richard Hiller is a senior fellow with Reason Foundation's Pension Integrity Project.
Hiller is principal of Retirement Policy Consulting, LLC, and has worked on income-focused retirement plan designs for more than 35 years.
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Public retirement plan assets should never be utilized for political purposes
Politically-motivated activist investing and ineffective pension plan designs are just two areas of state and local retirement plans causing significant problems.
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Florida improves FRS Investment Plan, but more needs to be done
Florida policymakers should now seize the opportunity to take the necessary step—increasing employee contributions to 6%.
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The role of retirement plan design in recruiting workers to the public sector
Colleges and universities have recognized professors need portable retirement plans, but other public sector employers have been slow to adapt.
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Florida’s public defined contribution retirement plan has a big flaw
The low contribution rate of Florida's defined contribution plan could leave employees without a stable retirement income.
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Amidst great investment returns, public pension systems should reassess plan designs
The defined benefit plan long favored by public retirement systems falls short of meeting the retirement security needs for too many state and local government employees, particularly younger, newer employees.
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Putting a year of good investment returns for public pension plans in perspective
This year's exceptionally high investment returns are good news for struggling pension plans, but they do not mean all is right in the public pension world.
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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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Succesful Public Retirement Reforms Are Collaborative, Helping Workers and Taxpayers
Public pension reform efforts should focus on how best to recruit and serve employees in ways that are sustainable for taxpayers.
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Annuity Offerings Can Help Improve Michigan’s Defined Contribution Retirement Plans
Proposed legislation in Michigan would bring the state's defined contribution retirement plans more in line with industry best practices by offering annuities.