Special Report

Every State's Pension Crisis Ranked

Source: SeanPavonePhoto / Getty Images

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

See all stories featuring: Alabama

Source: choness / Getty Images

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

See all stories featuring: California

Source: Davel5957 / Getty Images

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

See all stories featuring: Maryland

Source: ricardoreitmeyer / Getty Images

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

See all stories featuring: Kansas

Source: AngelSchwai / Getty Images

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

See all stories featuring: Alaska

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.