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Public pension health by state

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Pension policy
Public pensions
Public pension health by state
Pension terms and definitions
State public pension systems

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State and local pension plans are underfunded across the United States. Experts estimate that there is a more than $4.4 trillion shortfall. The 50 states release analysis each year of their pension health, which is defined by the percent funded ratio of the plan.[1]

According to the Pew Center on the States Widening Gap report, most experts agree that a fiscally sustainable system should be at least 80 percent funded.[2] As of 2012, only 12 states meet that criteria.

State comparisons

Percent funded status of pension plans
in the 50 states as of November 2013
Public pensions in NevadaPublic pensions in MassachusettsPublic pensions in ColoradoPublic pensions in New MexicoPublic pensions in WyomingPublic pensions in ArizonaPublic pensions in MontanaPublic pensions in CaliforniaPublic pensions in OregonPublic pensions in WashingtonPublic pensions in IdahoPublic pensions in TexasPublic pensions in OklahomaPublic pensions in KansasPublic pensions in NebraskaPublic pensions in South DakotaPublic pensions in North DakotaPublic pensions in MinnesotaPublic pensions in IowaPublic pensions in MissouriPublic pensions in ArkansasPublic pensions in LouisianaPublic pensions in MississippiPublic pensions in AlabamaPublic pensions in GeorgiaPublic pensions in FloridaPublic pensions in South CarolinaPublic pensions in IllinoisPublic pensions in WisconsinPublic pensions in TennesseePublic pensions in North CarolinaPublic pensions in IndianaPublic pensions in OhioPublic pensions in KentuckyPublic pensions in PennsylvaniaPublic pensions in New JerseyPublic pensions in New YorkPublic pensions in VermontPublic pensions in VermontPublic pensions in New HampshirePublic pensions in MainePublic pensions in West VirginiaPublic pensions in VirginiaPublic pensions in MarylandPublic pensions in MarylandPublic pensions in ConnecticutPublic pensions in ConnecticutPublic pensions in DelawarePublic pensions in DelawarePublic pensions in Rhode IslandPublic pensions in Rhode IslandPublic pensions in MassachusettsPublic pensions in New HampshirePublic pensions in MichiganPublic pensions in MichiganPublic pensions in AlaskaPolicypediaPension Health 2013.png
Note: The data in this map was compiled from state CAFR reports and Actuarial Valuation documents. Figures reflect a combination of all of the state pension plans.

Figures below are based upon the official CAFR and Acturial Valuation Reports from 2012. Data was last checked in November 2013.

Pension Health by State
State Percent Funded Percent Funded Rank
Alabama 66.2% 30
Alaska 54.7% 47
Arizona 71.9% 21
Arkansas 71% 22
California 77.48% 18
Colorado 64.22% 36
Connecticut 50.61% 48
Delaware 88.34% 6
Florida 86.38% 8
Georgia 82.43% 11
Hawaii 59.2% 42
Idaho 84.68% 9
Illinois 47.86% 50
Indiana 60.8% 41
Iowa 79.1% 14
Kansas 56.4% 44
Kentucky 49.86% 49
Louisiana 55.86% 46
Maine 79.1% 15
Maryland 64.37% 34
Massachusetts 66.36% 29
Michigan 65.86% 31
Minnesota 75% 20
Mississippi 57.89% 43
Missouri 78.2% 17
Montana 66.75% 28
Nebraska 78.9% 16
Nevada 70.97% 23
New Hampshire 56.2% 45
New Jersey 64.54% 33
New Mexico 63.14% 39
New York 88.21% 7
North Carolina 95.26% 2
North Dakota 63.46% 38
Ohio 67.35% 27
Oklahoma 64.92% 32
Oregon 82% 12
Pennsylvania 64.37% 35
Rhode Island 61.16% 40
South Carolina 67.8% 26
South Dakota 92.6% 4
Tennessee 91.54% 5
Texas 83.14% 10
Utah 76.49% 19
Vermont 70.16% 24
Virginia 69.46% 25
Washington 93.07% 3
West Virginia 64.16% 37
Wisconsin 99.9% 1
Wyoming 79.62% 13

See also