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Testimonies

  • 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

  • Testimony: How to De-Risk and Accurately Price Florida’s Pension Plan
    Testimony: How to De-Risk and Accurately Price Florida’s Pension Plan

    Senate Bill 84 may result in long-term cost savings for the state, but if enacted, the Florida Retirement System will still be vulnerable to realistic market stresses.

    By Leonard Gilroy and Vittorio Nastasi
    April 1, 2021

  • Testimony: Texas Employee Pension System Considers Funding Change
    Testimony: Texas Employee Pension System Considers Funding Change

    Over $4.46 billion of ERS's pension debt can be attributed to the way the state systematically underfunds its public employee pension system.

    By Steven Gassenberger
    March 31, 2021

  • Testimony: Texas Pensions Would Benefit from Increased Transparency
    Testimony: Texas Pensions Would Benefit from Increased Transparency

    A Private Equity Portfolio Performance report would make public specific information regarding the private equity holdings of TRS for third-party monitoring and evaluation.

    By Steven Gassenberger
    March 25, 2021

  • Testimony: Pennsylvania Needs Tolling to Rebuild Bridges
    Testimony: Pennsylvania Needs Tolling to Rebuild Bridges

    By Baruch Feigenbaum
    March 17, 2021

  • Testimony: Overburdensome Occupational Licensing Hurts Florida’s Economy
    Testimony: Overburdensome Occupational Licensing Hurts Florida’s Economy

    HB 735 is an important step toward trimming the regulatory bloat of occupational licensing and will help more Floridians find gainful employment.

    By Vittorio Nastasi
    March 16, 2021

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