Special Report

States With the Best Retirement Funding

Michael B. Sauter

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35. Florida
> Total 2015 retirement spending: $85.6 per capita ($1,765 million)
> State government employment: 256,600 (2.9% of total employment)
> Percent of pension currently funded: 79.4% (13th highest)
> 2015 tax collections per capita: $1,836 (2nd lowest)

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34. California
> Total 2015 retirement spending: $88.4 per capita ($3,471 million)
> State government employment: 537,600 (3.1% of total employment)
> Percent of pension currently funded: 69.5% (25th lowest)
> 2015 tax collections per capita: $3,862 (9th highest)

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33. Ohio
> Total 2015 retirement spending: $89.4 per capita ($1,038 million)
> State government employment: 187,700 (3.4% of total employment)
> Percent of pension currently funded: 72.0% (22nd highest)
> 2015 tax collections per capita: $2,437 (17th lowest)

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32. Alabama
> Total 2015 retirement spending: $90.8 per capita ($442 million)
> State government employment: 117,500 (5.8% of total employment)
> Percent of pension currently funded: 67.2% (24th lowest)
> 2015 tax collections per capita: $2,008 (10th lowest)

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31. Nebraska
> Total 2015 retirement spending: $91.0 per capita ($174 million)
> State government employment: 42,300 (4.1% of total employment)
> Percent of pension currently funded: 88.8% (5th highest)
> 2015 tax collections per capita: $2,683 (25th lowest)