Pension health by state, 2010
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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 |
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| 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
Footnotes
