Every State’s Pension Crisis Ranked – Page 7

Special Report

October 11, 2019 3:59 pm

Last Updated: February 17, 2020 12:48 pm

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25. Alabama
> Funded ratio: 70.9%
> Total pension shortfall: $15.3 billion (24th largest)
> Gov’t workers as share of total workforce: 18.9% (10th highest)
> Avg. annual payout per public retiree: $23,091 (22nd lowest)
> Governor: Kay Ivey

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24. California
> Funded ratio: 68.9%
> Total pension shortfall: $190.4 billion (the largest)
> Gov’t workers as share of total workforce: 15.1% (19th lowest)
> Avg. annual payout per public retiree: $36,351 (3rd highest)
> Governor: Gavin Newsom

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ALSO READ: The Worst States to Grow Old In

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23. Maryland
> Funded ratio: 68.6%
> Total pension shortfall: $22.6 billion (17th largest)
> Gov’t workers as share of total workforce: 18.4% (11th highest)
> Avg. annual payout per public retiree: $26,043 (18th highest)
> Governor: Larry Hogan

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22. Kansas
> Funded ratio: 67.1%
> Total pension shortfall: $9.1 billion (20th smallest)
> Gov’t workers as share of total workforce: 18.2% (12th highest)
> Avg. annual payout per public retiree: $16,802 (the lowest)
> Governor: Laura Kelly

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21. Alaska
> Funded ratio: 66.6%
> Total pension shortfall: $7.2 billion (17th smallest)
> Gov’t workers as share of total workforce: 24.6% (the highest)
> Avg. annual payout per public retiree: $26,362 (16th highest)
> Governor: Mike Dunleavy

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