These States Are Spending the Most to Fund Their Residents Retirement

Special Report

July 31, 2019 4:11 pm

Last Updated: February 17, 2020 1:54 pm

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40. Tennessee
> 2017 state and local gov’t pension contributions: $3,552 per gov’t worker
> Pension obligations funded: 96.5% (3rd highest)
> Workers in state and local gov’t: 381,300 (12.7% of labor force)
> 65 and older population: 1.1 million (15.9% of total)

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39. Montana
> 2017 state and local gov’t pension contributions: $3,561 per gov’t worker
> Pension obligations funded: 72.8% (25th highest)
> Workers in state and local gov’t: 77,800 (16.5% of labor force)
> 65 and older population: 190,216 (18.1% of total)

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38. Alabama
> 2017 state and local gov’t pension contributions: $3,997 per gov’t worker
> Pension obligations funded: 70.9% (25th lowest)
> Workers in state and local gov’t: 331,500 (16.4% of labor force)
> 65 and older population: 803,216 (16.5% of total)

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37. Texas
> 2017 state and local gov’t pension contributions: $4,014 per gov’t worker
> Pension obligations funded: 76.1% (22nd highest)
> Workers in state and local gov’t: 1.7 million (14.2% of labor force)
> 65 and older population: 3.5 million (12.2% of total)

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36. South Carolina
> 2017 state and local gov’t pension contributions: $4,170 per gov’t worker
> Pension obligations funded: 54.3% (7th lowest)
> Workers in state and local gov’t: 332,400 (15.9% of labor force)
> 65 and older population: 865,817 (17.2% of total)

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