Special Report
Every State’s Pension Crisis, Ranked
November 15, 2018 1:39 pm
Last Updated: March 20, 2020 1:58 pm
25. California
> Funded ratio: 69.5%
> Total pension shortfall: $168.0 billion (2nd largest)
> Gov’t workers as share of total workforce: 13.7% (23rd lowest)
> Avg. annual payout per public retiree: $37,618 (2nd highest)
24. Alabama
> Funded ratio: 67.2%
> Total pension shortfall: $16.8 billion (23rd largest)
> Gov’t workers as share of total workforce: 16.5% (10th highest)
> Avg. annual payout per public retiree: $23,795 (21st highest)
23. North Dakota
> Funded ratio: 65.9%
> Total pension shortfall: $2.4 billion (7th smallest)
> Gov’t workers as share of total workforce: 17.0% (7th highest)
> Avg. annual payout per public retiree: $18,014 (7th lowest)
22. New Mexico
> Funded ratio: 65.4%
> Total pension shortfall: $13.5 billion (24th smallest)
> Gov’t workers as share of total workforce: 18.9% (3rd highest)
> Avg. annual payout per public retiree: $25,174 (16th highest)
21. Kansas
> Funded ratio: 65.1%
> Total pension shortfall: $9.2 billion (19th smallest)
> Gov’t workers as share of total workforce: 16.5% (9th highest)
> Avg. annual payout per public retiree: $16,958 (4th lowest)
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