Every State’s Pension Crisis Ranked – Page 2

Special Report

December 4, 2020 9:00 am

Last Updated: December 4, 2020 11:46 am

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50. South Dakota
> Funded ratio: 100.0%
> Total pension shortfall: $2.3 million surplus (the only surplus)
> Gov’t workers as share of total workforce: 15.6% (12th highest)
> Avg. annual payout per public retiree: $20,994 (16th lowest)

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49. New York
> Funded ratio: 98.0%
> Total pension shortfall: $4.2 billion shortfall (12th smallest)
> Gov’t workers as share of total workforce: 14.0% (23rd highest)
> Avg. annual payout per public retiree: $33,040 (7th highest)

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48. Tennessee
> Funded ratio: 97.7%
> Total pension shortfall: $1.1 billion shortfall (2nd smallest)
> Gov’t workers as share of total workforce: 12.4% (9th lowest)
> Avg. annual payout per public retiree: $17,270 (3rd lowest)

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47. Wisconsin
> Funded ratio: 96.5%
> Total pension shortfall: $3.6 billion shortfall (10th smallest)
> Gov’t workers as share of total workforce: 12.6% (11th lowest)
> Avg. annual payout per public retiree: $26,703 (15th highest)

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46. Washington
> Funded ratio: 93.9%
> Total pension shortfall: $6.0 billion shortfall (17th smallest)
> Gov’t workers as share of total workforce: 14.8% (19th highest)
> Avg. annual payout per public retiree: $19,977 (10th lowest)

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