Anil Niraula was a quantitative policy analyst with Reason Foundation's Pension Integrity Project.
Niraula focused on historical and predictive analysis of public pension finances using actuarial modeling to inform pension policy. At Reason, Niraula contributed analysis of the Arkansas TRS, Louisiana LASERS, Louisiana TRSL, New Mexico ERB, and New Mexico PERA pension systems.
Niraula’s work has been published by The Independent Institute and Georgia Public Policy Foundation. Niraula presented a panel paper at the APPAM 42nd Annual Fall Research Conference.
Prior to joining Reason, Anil worked as a projects officer in data analytics at the International Monetary Fund. He holds an MS in Applied Economics from Johns Hopkins University (Washington, D.C.).
The 2022 fiscal year investment results for state pension plans
Overall, the median investment return result for state pension systems in 2022 is -5.2%.
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.
Is Texas’ definition of an actuarially sound public pension system outdated?
With this year's high inflation rates hitting retirees living on fixed incomes the hardest, it is not surprising that retiree groups and their allies are advocating for a cost-of-living adjustment.
Most state pension plans are not adequately prepared for a recession
A recession could add trillions in debt to public retirement systems’ existing unfunded liabilities.
The Teacher Retirement System of Texas needs to adjust its investment return assumptions
TRS has accrued $47.6 billion in pension debt since 2002, and most of it, around $25 billion, came from investment returns falling below the plan's assumptions.
The Great Resignation highlights the need for public pension plans to adapt to today’s mobile workforce
Governments should consider modernizing their retirement plans and options for workers who don’t intend to stay in one position or with one employer for multiple decades.
Working Paper: How shifting to a defined contribution retirement plan impacted teacher retention in Alaska
Using individual-level data for all Alaska teachers in the Teacher Retirement System before and after the retirement benefit change, we assess the effects of pension reform on teacher mobility out of employment with the Alaska K-12 system.
How public pension plans can use last year’s investment returns to reduce debt and future risk
Lowering investment return rate assumptions can help reduce the risks of future shortfalls and ensure proper funding of retirement benefits for teachers and other public workers.
Market risks remain a long-term challenge for public pension systems
Public pension plans need to remain mindful of the balance between long-term returns and the volatility risk inherent in some asset classes.