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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15. Minnesota
> Funded ratio: 63.3%
> Total pension shortfall: $37.2 billion (10th largest)
> Gov’t workers as share of total workforce: 14.4% (15th lowest)
> Avg. annual payout per public retiree: $18,256 (6th lowest)
> Governor: Tim Walz
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14. New Hampshire
> Funded ratio: 62.7%
> Total pension shortfall: $4.9 billion (14th smallest)
> Gov’t workers as share of total workforce: 13.2% (6th lowest)
> Avg. annual payout per public retiree: $22,989 (21st lowest)
> Governor: Chris Sununu
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13. New Mexico
> Funded ratio: 62.5%
> Total pension shortfall: $16.5 billion (22nd largest)
> Gov’t workers as share of total workforce: 22.2% (3rd highest)
> Avg. annual payout per public retiree: $20,907 (15th lowest)
> Governor: Michelle Lujan Grisham
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12. Arizona
> Funded ratio: 62.2%
> Total pension shortfall: $27.4 billion (14th largest)
> Gov’t workers as share of total workforce: 14.5% (17th lowest)
> Avg. annual payout per public retiree: $23,907 (24th highest)
> Governor: Doug Ducey
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11. Mississippi
> Funded ratio: 61.6%
> Total pension shortfall: $16.8 billion (21st largest)
> Gov’t workers as share of total workforce: 20.9% (5th highest)
> Avg. annual payout per public retiree: $24,362 (22nd highest)
> Governor: Phil Bryant
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