Special Report
Every State's Pension Crisis Ranked
October 11, 2019 3:59 pm
Last Updated: February 17, 2020 12:48 pm
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20. Louisiana
> Funded ratio: 65.1%
> Total pension shortfall: $18.2 billion (19th largest)
> Gov’t workers as share of total workforce: 16.5% (21st highest)
> Avg. annual payout per public retiree: $24,658 (21st highest)
> Governor: John Bel Edwards
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19. Michigan
> Funded ratio: 65.1%
> Total pension shortfall: $32.5 billion (13th largest)
> Gov’t workers as share of total workforce: 13.7% (10th lowest)
> Avg. annual payout per public retiree: $23,257 (23rd lowest)
> Governor: Gretchen Whitmer
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18. Indiana
> Funded ratio: 65.0%
> Total pension shortfall: $17.3 billion (20th largest)
> Gov’t workers as share of total workforce: 13.7% (8th lowest)
> Avg. annual payout per public retiree: $16,974 (2nd lowest)
> Governor: Eric Holcomb
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17. Vermont
> Funded ratio: 64.3%
> Total pension shortfall: $2.3 billion (7th smallest)
> Gov’t workers as share of total workforce: 17.9% (15th highest)
> Avg. annual payout per public retiree: $20,301 (12th lowest)
> Governor: Phil Scott
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16. North Dakota
> Funded ratio: 63.8%
> Total pension shortfall: $3.0 billion (9th smallest)
> Gov’t workers as share of total workforce: 19.0% (8th highest)
> Avg. annual payout per public retiree: $19,265 (7th lowest)
> Governor: Doug Burgum
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