Lowell Reese was a journalist who cared deeply about the rules that governed the game. His decades in journalism, his sharp mind, and his kind heart all contributed to his engaged, deep, often meticulous data-driven reporting on politics and policy.
More than that, Lowell Reese was a helpful, generous friend to anyone who wanted to understand practical politics on a deeper level. He gave me important information that drove my studies into Kentucky’s pension system, for which I wrote more than a little bit. In the process of writing on this subject, there weren’t many people to talk to, and Lowell Reese was absolutely invaluable as I tried to understand the ground-level realities of the incentives that drive Kentucky’s pension plans.
It’s fun to remember how energizing Lowell was to me, Chris Derry, and Jim Waters as we worked to get the project off the ground and bring that all-important daily rundown of lawmakers’ votes to the public for free. His enthusiasm for the project played out through introductions to helpful lawmakers, helpful staff at the Legislative Research Commission and the various people who had either pull or knowledge to help us move the project forward. I can never thank him enough for so gleefully giving me access to his network.
When I moved to Frankfort to run the project throughout the legislative session and write for Kentucky Gazette, Lowell revealed himself to be a great friend, as well. Always interested in what I knew and freely giving of what he knew, we held occasional meetings in the maddeningly beautiful office behind his home. It was, I recall, the perfect perch for an independent journalist: a life’s work on the walls and a relaxed, engaged journalist behind the desk.
The big issue toward the end of Lowell’s life was pension transparency. You’d be forgiven for thinking this meant he was concerned only about abuses perpetrated by Wall Street profiteers on the poor, defenseless managers of billion-dollar pension funds. Private equity’s appeal to pension managers is a big problem, to be sure, and Lowell was concerned about it, but for him this was at most half of the problem associated with a lack of transparency in pension finance.
Lowell was also intensely concerned with the manner in which individual public sector workers could make relatively minor adjustments in their working lives to trigger massive pension payouts. He made various estimates of how a little-known bill, HB 299, passed in 2005, would allow some Kentucky lawmakers to make a few key moves with respect to their employment and pensions to increase their lifetime wealth by a million dollars or more.
4 lawmakers going to exec br reap $1.9 m pension windfall: Pullin $772,725, Harman 582,401, Tilley 396,736, Quarles 174,720 from HB 299.
— Lowell Reese (@Kyrollcall) December 18, 2015
It’s a bigger issue than just lawmakers, of course, and the kind of data detailing the size of pension payouts and and various decisions that balloon pensions is also still shrouded in mystery. But thanks in no small part to Lowell Reese, that issue is on the table like never before.
Only since Kentucky Gazette published his obituary have I learned that Lowell was apparently an active Republican campaigner. Personality driven politics were rarely a part of our discussions. What made Lowell interesting to me was his own interest in the consequences of ideas and appropriateness of rules.