Leonard Gilroy is vice president of government reform at Reason Foundation and senior managing director of Reason's Pension Integrity Project.
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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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Cash Balance Retirement Plan Would Offer Texas Workers Guaranteed Retirement Benefits
Both traditional defined benefit and cash balance retirement plan designs are examples of guaranteed return retirement plans that provide retirees a protected stream of lifetime income.
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How Would Senate Bill 321 Effect Texas’ Public Employee Recruitment and Retention
Only 14 percent of Texas new hires under 35 today are expected to serve a full career and receive an unreduced retirement benefit.
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Texas Considers Much Needed Reforms to Employees Retirement System
As Texas lawmakers consider the public pension reforms in Senate Bill 321, pension plan administrators warn that ERS is going to run out of money.
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Analysis of South Carolina Senate Bill 176
Senate Bill 176 would provide new hires a secure and attractive retirement plan that better protects the state's taxpayers.
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Analysis of Texas Senate Bill 321
Senate Bill 321 could save the state as much as $15 billion in long term costs and ensure that new employees' retirement benefits are fully funded.
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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.
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How to Make Positive Changes to the South Carolina Retirement System
This series of one-pagers aims to explain how a state can transition to a new retirement plan design, the benefits of expanding retirement plan choice for South Carolina's workers, and more.