Special Report
Every State's Pension Crisis Ranked
December 4, 2020 9:00 am
Last Updated: December 4, 2020 11:46 am
Source: choness / Getty Images
25. California
> Funded ratio: 71.1%
> Total pension shortfall: $184.9 billion shortfall (the largest)
> Gov’t workers as share of total workforce: 13.5% (23rd lowest)
> Avg. annual payout per public retiree: $36,351 (3rd highest)
Source: Sean Pavone / Getty Images
24. Texas
> Funded ratio: 70.6%
> Total pension shortfall: $76.5 billion shortfall (4th largest)
> Gov’t workers as share of total workforce: 13.8% (24th lowest)
> Avg. annual payout per public retiree: $23,476 (25th lowest)
Source: Davel5957 / Getty Images
23. Maryland
> Funded ratio: 70.4%
> Total pension shortfall: $22.0 billion shortfall (16th largest)
> Gov’t workers as share of total workforce: 13.0% (16th lowest)
> Avg. annual payout per public retiree: $26,043 (18th highest)
Source: Davel5957 / Getty Images
22. Kansas
> Funded ratio: 68.9%
> Total pension shortfall: $8.9 billion shortfall (22nd smallest)
> Gov’t workers as share of total workforce: 16.5% (8th highest)
> Avg. annual payout per public retiree: $16,802 (the lowest)
Source: collins_family / Flickr
21. Wyoming
> Funded ratio: 68.5%
> Total pension shortfall: $3.6 billion shortfall (11th smallest)
> Gov’t workers as share of total workforce: 21.2% (the highest)
> Avg. annual payout per public retiree: $19,921 (9th lowest)
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Editors' Picks
