Special Report

States With the Best Retirement Funding

Michael B. Sauter

Source: SeanPavonePhoto / Getty Images

10. Connecticut
> Total 2015 retirement spending: $201.6 per capita ($721 million)
> State government employment: 62,700 (3.7% of total employment)
> Percent of pension currently funded: 41.4% (4th lowest)
> 2015 tax collections per capita: $4,518 (4th highest)

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9. New York
> Total 2015 retirement spending: $203.3 per capita ($4,014 million)
> State government employment: 255,000 (2.7% of total employment)
> Percent of pension currently funded: 90.6% (4th highest)
> 2015 tax collections per capita: $3,951 (8th highest)

Source: SeanPavonePhoto / Getty Images

8. Massachusetts
> Total 2015 retirement spending: $248.9 per capita ($1,695 million)
> State government employment: 128,300 (3.5% of total employment)
> Percent of pension currently funded: 57.6% (12th lowest)
> 2015 tax collections per capita: $3,976 (7th highest)

Source: Thinkstock

7. South Dakota
> Total 2015 retirement spending: $265.7 per capita ($230 million)
> State government employment: 18,900 (4.3% of total employment)
> Percent of pension currently funded: 96.9% (2nd highest)
> 2015 tax collections per capita: $1,950 (6th lowest)

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6. New Hampshire
> Total 2015 retirement spending: $278.5 per capita ($372 million)
> State government employment: 25,000 (3.6% of total employment)
> Percent of pension currently funded: 58.2% (13th lowest)
> 2015 tax collections per capita: $1,870 (3rd lowest)