Richard Hiller
Senior Fellow, Reason Foundation
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 pension fund trustees have a perfect path to avoid the politics of ESG investing
ESG is a political construct and has no direct correlation to how a pension system should invest its assets.
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A better public sector retirement plan for the modern workforce
The new PRO Plan meets the needs of public workers, helps government employers recruit and retain workers, and stops public pension debt from growing.
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Designing an optimized retirement plan for today’s state and local government employees
This study presents a new retirement plan design, the Personal Retirement Optimization Plan, or PRO Plan, which is built on a defined-contribution foundation but designed to operate more like a traditional pension.
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Frequently asked questions about the Personal Retirement Optimization Plan
The Personal Retirement Optimization Plan (or PRO Plan) is a new framework for public worker retirement benefits that delivers post-employment security in a cost-effective way.
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Webinar: The Personal Retirement Optimization Plan
A plan for incorporating the benefits of 401(k)-style solutions into modern-day public sector retirement plans that give their workers flexibility and predictability of their benefits.
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Politics and ESG endanger public pension plans and workers’ retirements
Attempting to impose politically-motivated investment controls of any kind on public pension plans violates core fiduciary standards.
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How Alaska’s defined contribution plan and supplemental annuity plan compare to the gold standard
Alaska's retirement plans meet best practices in some areas but need some improvement in other areas.
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Retirement plans’ impact on recruiting and retention in the public market
Public employers should adopt plans that best meet the realistic career patterns of employees and prospective employees.
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Examining the populations best served by defined benefit and defined contribution plans
The claim that a defined benefit plan is more efficient than a defined contribution plan, purely on a basis of cost, overlooks a larger and more meaningful perspective regarding benefit distribution.
