Pension Integrity Project

The Pension Integrity Project at @ReasonFdn works with stakeholders to design and implement pension reforms that improve plan solvency and retirement security.

[Pension Integrity Project @ReasonPensions]

With the California Public Employees’ Retirement System still $179 billion short of fully funding pension promises already made to workers and retirees, the governor’s veto keeps PEPRA’s guardrails in place.
https://t.co/kq09R0mjfE

[Pension Integrity Project @ReasonPensions]

Increasing public pension benefits would undermine California’s successful pension reforms and impose high costs on taxpayers and local governments, writes @PensionZachary.

https://t.co/Vyki2uF2I2

[Pension Integrity Project @ReasonPensions]

Gov. Newsom’s vetoes preserved California’s pension reforms and spared taxpayers billions in new costs. With the state still $257 billion short of funding its public pension promises, lawmakers must stay the course and resist pressure to increase benefits.
https://t.co/Cs9Z0qdGXZ

[Pension Integrity Project @ReasonPensions]

Gov. Gavin Newsom wisely vetoed AB 1383, which would've increased pension benefits for police and firefighters at a high cost to taxpayers.

https://t.co/Vyki2uF2I2

[Pension Integrity Project @ReasonPensions]

Well-designed flexible benefit structures, like those in South Dakota and Wisconsin, can stabilize contributions and support healthy pension funding.

https://t.co/KX5WsVHFhl

[Pension Integrity Project @ReasonPensions]

South Dakota and Wisconsin are two examples of how adjusting future benefit increases can stabilize costs and keep pension plans near full funding. https://t.co/hqqfwEIk6p

[Pension Integrity Project @ReasonPensions]

Traditional public pensions promise retirement payments even when investments fall short, leaving taxpayers to cover the gap.

[Pension Integrity Project @ReasonPensions]

South Dakota and Wisconsin show how flexible pension benefits can stabilize contributions and keep pension plans at or near full funding.

https://t.co/LCb2TL578y

[Pension Integrity Project @ReasonPensions]

California lawmakers are moving to weaken hard-won, cost-saving pension reforms. The latest public pension newsletter also examines pension debt in Texas and Pennsylvania, and how to protect public pensions from political pressure. 🔽

https://t.co/4gim2KeeJQ

[Pension Integrity Project @ReasonPensions]

California lawmakers sent a bill to Gov. Gavin Newsom’s desk that would partially roll back the state’s 2012 pension reforms and increase police and firefighter pension costs by an estimated $11.8 billion over 30 years.

https://t.co/4gim2KeeJQ

[Pension Integrity Project @ReasonPensions]

A bill on Gov. Gavin Newsom’s desk would reduce the retirement age for police and firefighters and increase the salary caps used to calculate pension benefits. The changes could add $11.8 billion in costs for public employers and taxpayers.

https://t.co/NGkTKe47dK

[Pension Integrity Project @ReasonPensions]

California lawmakers are prioritizing public-sector unions over financial responsibility and California taxpayers.

https://t.co/NGkTKe47dK

[Leonard Gilroy @lengilroy]

California undermines pension reforms with benefit boost for first responders  https://t.co/1WvQcK6zTZ Taxpayers to cover billions more in retirement benefits, mostly for the highest paid employees, not rank and file. Via @ReasonFdn @PensionZachary @longspring2711

[Pension Integrity Project @ReasonPensions]

Legislatures and policymakers should not let politics drive unsound public pension benefit design and funding, and must establish structural guardrails to protect taxpayers from financial risk.

https://t.co/RbNcfwVTeV

[Pension Integrity Project @ReasonPensions]

A California bill, if signed by Gov. Gavin Newsom, will increase pension benefits and could add another $11 billion in public pension costs for taxpayers.

https://t.co/NGkTKe47dK

[Pension Integrity Project @ReasonPensions]

Policymakers should take politics out of pension funding decisions by establishing clear rules for contributions, benefits, and investment risk.

https://t.co/RbNcfwVTeV

[Pension Integrity Project @ReasonPensions]

“Retirement boards are not legislatures. They are fiduciaries entrusted with safeguarding billions in assets for the exclusive benefit of retirees.”

https://t.co/RbNcfwVTeV

[Pension Integrity Project @ReasonPensions]

The latest pension newsletter looks at a California bill that would give more pension benefits to high-earning workers and why public pension funds should not finance housing projects.

https://t.co/FeCZbvuzPC

[Pension Integrity Project @ReasonPensions]

California legislators are about to add $14 billion in taxpayer costs to grant additional pension benefits to high-earning public safety workers already making over $160,000 annually.

https://t.co/FeCZbvuzPC

[Pension Integrity Project @ReasonPensions]

California Assembly Bill 1383 is a taxpayer-funded handout to highly compensated, long-tenured employees that won’t attract or retain the next generation of police officers and firefighters. — @MariiFTrujillo

https://t.co/UM5oE09NlU