Every State’s Pension Crisis Ranked – Page 11

Special Report

December 4, 2020 9:00 am

Last Updated: December 4, 2020 11:46 am

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5. Rhode Island
> Funded ratio: 54.2%
> Total pension shortfall: $5.5 billion shortfall (16th smallest)
> Gov’t workers as share of total workforce: 10.7% (3rd lowest)
> Avg. annual payout per public retiree: $32,658 (8th highest)

Source: SeanPavonePhoto / Getty Images

4. Connecticut
> Funded ratio: 46.7%
> Total pension shortfall: $35.1 billion shortfall (10th largest)
> Gov’t workers as share of total workforce: 12.9% (15th lowest)
> Avg. annual payout per public retiree: $39,856 (the highest)

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3. Kentucky
> Funded ratio: 44.9%
> Total pension shortfall: $28.6 billion shortfall (12th largest)
> Gov’t workers as share of total workforce: 14.3% (22nd highest)
> Avg. annual payout per public retiree: $27,143 (13th highest)

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2. Illinois
> Funded ratio: 39.0%
> Total pension shortfall: $140.6 billion shortfall (2nd largest)
> Gov’t workers as share of total workforce: 12.2% (7th lowest)
> Avg. annual payout per public retiree: $36,490 (2nd highest)

Source: SeanPavonePhoto / Getty Images

1. New Jersey
> Funded ratio: 38.4%
> Total pension shortfall: $130.7 billion shortfall (3rd largest)
> Gov’t workers as share of total workforce: 13.3% (20th lowest)
> Avg. annual payout per public retiree: $32,148 (9th highest)

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