Anil Niraula
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.).
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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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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.
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New Mexico Educational Retirement Board Pension Solvency Analysis
New Mexico's Educational Retirement Board has $7.9 billion in unfunded pension liabilities.
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Louisiana State Employees’ Retirement System (LASERS) Pension Solvency Analysis
The Louisiana State Employees' Retirement System has only 64 percent of the assets needed to fully fund the pension system.
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Teachers’ Retirement System of Louisiana Pension Solvency Analysis
The latest, official numbers reveal that the Teachers’ Retirement System of Louisiana now has over $10 billion in unfunded pension liabilities.
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New Mexico Public Employees Retirement Association Solvency Analysis
PERA administrators and stakeholders are likely to face persistent challenges made more pronounced by ongoing market and revenue volatility.
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Arkansas Teacher Retirement System Pension Solvency Analysis
Investment returns failing to meet unrealistic expectations has been the single largest contributor to unfunded liability growth, adding $1.9 billion in debt to ATRS since 2000.
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The “New Normal” In Public Pension Investment Returns
The primary culprit of growing pension debt has been the across-the-board investment underperformance of pension assets relative to plans’ own return targets.
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Analysis of the New Mexico PERA Pension Solvency Task Force’s Preliminary Recommendations
The changes are significant and positive steps for PERA, but leave some systemic challenges—namely actuarial methods and assumptions—unaddressed.