Special Report

States With the Best Retirement Funding

Michael B. Sauter

Source: Thinkstock

20. Illinois
> Total 2015 retirement spending: $129.1 per capita ($1,653 million)
> State government employment: 153,200 (2.5% of total employment)
> Percent of pension currently funded: 35.6% (3rd lowest)
> 2015 tax collections per capita: $3,174 (13th highest)

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19. Michigan
> Total 2015 retirement spending: $134.2 per capita ($1,332 million)
> State government employment: 192,700 (4.4% of total employment)
> Percent of pension currently funded: 64.0% (18th lowest)
> 2015 tax collections per capita: $2,717 (24th highest)

Source: SeanPavonePhoto / Getty Images

18. Maine
> Total 2015 retirement spending: $141.7 per capita ($189 million)
> State government employment: 25,400 (4.0% of total employment)
> Percent of pension currently funded: 77.3% (14th highest)
> 2015 tax collections per capita: $3,057 (15th highest)

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17. Wisconsin
> Total 2015 retirement spending: $143.5 per capita ($829 million)
> State government employment: 93,900 (3.2% of total employment)
> Percent of pension currently funded: 99.1% (the highest)
> 2015 tax collections per capita: $2,949 (18th highest)

Source: Thinkstock

16. New Jersey
> Total 2015 retirement spending: $150.5 per capita ($1,346 million)
> State government employment: 144,300 (3.5% of total employment)
> Percent of pension currently funded: 30.9% (the lowest)
> 2015 tax collections per capita: $3,524 (11th highest)