Every State’s Pension Crisis Ranked – Page 10

Special Report

October 11, 2019 3:59 pm

Last Updated: February 17, 2020 12:48 pm

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10. Massachusetts
> Funded ratio: 59.9%
> Total pension shortfall: $35.7 billion (11th largest)
> Gov’t workers as share of total workforce: 12.5% (4th lowest)
> Avg. annual payout per public retiree: $31,510 (11th highest)
> Governor: Charlie Baker

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9. Pennsylvania
> Funded ratio: 55.3%
> Total pension shortfall: $66.7 billion (4th largest)
> Gov’t workers as share of total workforce: 11.7% (2nd lowest)
> Avg. annual payout per public retiree: $26,358 (17th highest)
> Governor: Tom Wolf

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ALSO READ: The States With the Best and Worst Economies

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8. Hawaii
> Funded ratio: 54.8%
> Total pension shortfall: $13.0 billion (24th smallest)
> Gov’t workers as share of total workforce: 19.1% (7th highest)
> Avg. annual payout per public retiree: $28,627 (12th highest)
> Governor: David Ige

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7. South Carolina
> Funded ratio: 54.3%
> Total pension shortfall: $25.5 billion (15th largest)
> Gov’t workers as share of total workforce: 17.2% (17th highest)
> Avg. annual payout per public retiree: $21,247 (17th lowest)
> Governor: Henry McMaster

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6. Rhode Island
> Funded ratio: 53.7%
> Total pension shortfall: $5.5 billion (15th smallest)
> Gov’t workers as share of total workforce: 12.3% (3rd lowest)
> Avg. annual payout per public retiree: $32,658 (8th highest)
> Governor: Gina Raimondo

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