Special Report

Every State's Pension Crisis Ranked

Source: EunikaSopotnicka / Getty Images

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)

Source: Eloi_Omella / Getty Images

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)

Source: Sean Pavone / Getty Images

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)

Source: csfotoimages / Getty Images

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)

Source: RomanKhomlyak / Getty Images

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)

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.