Every State’s Pension Crisis Ranked – Page 9

Special Report

December 4, 2020 9:00 am

Last Updated: December 4, 2020 11:46 am

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15. New Hampshire
> Funded ratio: 64.7%
> Total pension shortfall: $4.9 billion shortfall (14th smallest)
> Gov’t workers as share of total workforce: 12.0% (6th lowest)
> Avg. annual payout per public retiree: $22,989 (21st lowest)

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14. Vermont
> Funded ratio: 64.2%
> Total pension shortfall: $2.4 billion shortfall (6th smallest)
> Gov’t workers as share of total workforce: 15.7% (11th highest)
> Avg. annual payout per public retiree: $20,301 (12th lowest)

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13. Michigan
> Funded ratio: 63.2%
> Total pension shortfall: $37.6 billion shortfall (8th largest)
> Gov’t workers as share of total workforce: 12.7% (13th lowest)
> Avg. annual payout per public retiree: $23,257 (23rd lowest)

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12. Mississippi
> Funded ratio: 62.6%
> Total pension shortfall: $16.8 billion shortfall (20th largest)
> Gov’t workers as share of total workforce: 18.7% (3rd highest)
> Avg. annual payout per public retiree: $24,362 (22nd highest)

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11. New Mexico
> Funded ratio: 61.0%
> Total pension shortfall: $18.2 billion shortfall (18th largest)
> Gov’t workers as share of total workforce: 18.6% (4th highest)
> Avg. annual payout per public retiree: $20,907 (15th lowest)

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