Every State’s Pension Crisis Ranked – Page 8

Special Report

December 4, 2020 9:00 am

Last Updated: December 4, 2020 11:46 am

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20. Alaska
> Funded ratio: 68.4%
> Total pension shortfall: $6.9 billion shortfall (20th smallest)
> Gov’t workers as share of total workforce: 19.7% (2nd highest)
> Avg. annual payout per public retiree: $26,362 (16th highest)

New Orleans, Louisiana (CC BY-SA 2.0) by Pedro Szekely

19. Louisiana
> Funded ratio: 67.3%
> Total pension shortfall: $17.6 billion shortfall (19th largest)
> Gov’t workers as share of total workforce: 15.1% (16th highest)
> Avg. annual payout per public retiree: $24,658 (21st highest)

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18. Indiana
> Funded ratio: 66.5%
> Total pension shortfall: $14.6 billion shortfall (25th largest)
> Gov’t workers as share of total workforce: 12.3% (8th lowest)
> Avg. annual payout per public retiree: $16,974 (2nd lowest)

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17. Arizona
> Funded ratio: 65.5%
> Total pension shortfall: $25.2 billion shortfall (14th largest)
> Gov’t workers as share of total workforce: 12.5% (10th lowest)
> Avg. annual payout per public retiree: $23,907 (24th highest)

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16. North Dakota
> Funded ratio: 65.2%
> Total pension shortfall: $3.0 billion shortfall (8th smallest)
> Gov’t workers as share of total workforce: 16.8% (7th highest)
> Avg. annual payout per public retiree: $19,265 (7th lowest)

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