Special Report

Every State's Pension Crisis Ranked

Source: SeanPavonePhoto / Getty Images

10. Massachusetts
> Funded ratio: 60.6%
> Total pension shortfall: $36.9 billion shortfall (9th largest)
> Gov’t workers as share of total workforce: 11.2% (5th lowest)
> Avg. annual payout per public retiree: $31,510 (11th highest)

Source: f11photo / Getty Images

9. Colorado
> Funded ratio: 58.8%
> Total pension shortfall: $31.5 billion shortfall (11th largest)
> Gov’t workers as share of total workforce: 14.4% (20th highest)
> Avg. annual payout per public retiree: $34,817 (5th highest)

Source: Eric Tessmer / Wikimedia Commons

8. Hawaii
> Funded ratio: 55.5%
> Total pension shortfall: $13.3 billion shortfall (24th smallest)
> Gov’t workers as share of total workforce: 14.0% (24th highest)
> Avg. annual payout per public retiree: $28,627 (12th highest)

Source: Sean Pavone / Getty Images

7. South Carolina
> Funded ratio: 55.1%
> Total pension shortfall: $25.5 billion shortfall (13th largest)
> Gov’t workers as share of total workforce: 15.4% (13th highest)
> Avg. annual payout per public retiree: $21,247 (17th lowest)

Source: f11photo / Getty Images

6. Pennsylvania
> Funded ratio: 54.8%
> Total pension shortfall: $68.8 billion shortfall (5th largest)
> Gov’t workers as share of total workforce: 10.0% (the lowest)
> Avg. annual payout per public retiree: $26,358 (17th highest)