Every State’s Pension Crisis Ranked – Page 11

Special Report

October 11, 2019 3:59 pm

Last Updated: February 17, 2020 12:48 pm

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5. Colorado
> Funded ratio: 47.1%
> Total pension shortfall: $54.6 billion (6th largest)
> Gov’t workers as share of total workforce: 16.3% (25th highest)
> Avg. annual payout per public retiree: $34,817 (5th highest)
> Governor: Jared Polis

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4. Connecticut
> Funded ratio: 45.7%
> Total pension shortfall: $34.8 billion (12th largest)
> Gov’t workers as share of total workforce: 14.0% (11th lowest)
> Avg. annual payout per public retiree: $39,856 (the highest)
> Governor: Ned Lamont

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ALSO READ: Best and Worst Run States in America: A Survey of All 50

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3. Illinois
> Funded ratio: 38.4%
> Total pension shortfall: $136.9 billion (3rd largest)
> Gov’t workers as share of total workforce: 13.5% (7th lowest)
> Avg. annual payout per public retiree: $36,490 (2nd highest)
> Governor: J. B. Pritzker

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2. New Jersey
> Funded ratio: 35.8%
> Total pension shortfall: $142.3 billion (2nd largest)
> Gov’t workers as share of total workforce: 14.5% (16th lowest)
> Avg. annual payout per public retiree: $32,148 (9th highest)
> Governor: Phil Murphy

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1. Kentucky
> Funded ratio: 33.9%
> Total pension shortfall: $42.9 billion (7th largest)
> Gov’t workers as share of total workforce: 16.2% (25th lowest)
> Avg. annual payout per public retiree: $27,143 (13th highest)
> Governor: Matt Bevin

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