U.S. Pension Tracker

Joe Nation, Ph.D.

Project Director
Stanford Institute for
Economic Policy Research

The Bottom 25% (Lowest quartile) indicates relatively lower unfunded liabilities. The Top 25% (Highest quartile) indicates relatively higher unfunded liabilities. Metrics reflect the Fiscal Year selected. Agencies reported as NA or agencies for which we do not have geographic locations are excluded from calculations. See Glossary for additional information.

Data reflect Fiscal Year (FY) , the most recent available.

What the Numbers Mean

Market Pension Debt

Market Pension Debt/Household

Reflects average pension debt per household for each state using a discount rate equal to 20-year Treasury yields rounded to the nearest one-quarter percentage point. A Market Pension Debt/Household of $10,000 indicates an average cost of $10,000 per household if the debt were allocated equally across all households. Lower debt per household is better than higher debt.

 

Market Pension Debt/Capita

Reflects average pension debt per person for each state using a discount rate equal to 20-year Treasury yields rounded to the nearest one-quarter percentage point. A Market Pension Debt/Capita of $10,000 indicates an average cost of $10,000 per person if the debt were allocated equally across all persons. Lower debt per person is better than higher debt.

 

Market Pension Debt/State General Fund Expenditures

Reflects pension debt divided by state general fund expenditures using a discount rate equal to 20-year Treasury yields rounded to the nearest one-quarter percentage point. A Market Pension Debt/State General Fund Expenditures ratio of 3 indicates that the Market Pension Debt is equal to 3 years of state general fund expenditures. A lower number is better than a higher number.

 

Market Pension Debt/Total Expenditures

Reflects pension debt divided by total expenditures for each state using a discount rate equal to 20-year Treasury yields rounded to the nearest one-quarter percentage point. A Market Pension Debt/Total Expenditures ratio of 2 indicates that the Market Pension Debt is equal to a 2 years of current total expenditures. A lower number is better than a higher number.

 

Market Pension Debt/State Total General Fund Revenues

Reflects pension debt divided by total general fund revenues for each state using a discount rate equal to 20-year Treasury yields rounded to the nearest one-quarter percentage point. A Market Pension Debt/State Total General Fund Revenues ratio of 10 indicates that the Market Pension Debt is equal to a 10 years of current general fund revenues. A lower number is better than a higher number.

  

Actuarial Pension Debt

Actuarial Pension Debt/Household

Reflects average pension debt per household for each state using discount rates reported by most systems, typically about 7.5%. An Actuarial Pension Debt/Household of $10,000 indicates an average cost of $10,000 per household if the debt were allocated equally across all households. Lower debt per household is better than higher debt.

 

Actuarial Pension Debt/Capita

Reflects average pension debt per person for each state using discount rates reported by most systems, typically about 7.5%. An Actuarial Pension Debt/Capita of $10,000 indicates an average cost of $10,000 per person if the debt were allocated equally across all persons. Lower debt per person is better than higher debt.

 

Actuarial Pension Debt/State General Fund Expenditures

Reflects pension debt divided by state general fund expenditures using discount rates reported by most systems, typically about 7.5%. An Actuarial Pension Debt/State General Fund Expenditures ratio of 3 indicates that the Actuarial Pension Debt is equal to 3 years of state general fund expenditures. A lower number is better than a higher number.

 

Actuarial Pension Debt/Total Expenditures

Reflects pension debt divided by total expenditures for each state using discount rates reported by most systems, typically about 7.5%. An Actuarial Pension Debt/Total Expenditures ratio of 2 indicates that the Actuarial Pension Debt is equal to a 2 years of current total expenditures. A lower number is better than a higher number.

 

Actuarial Pension Debt/State Total General Fund Revenues

Reflects pension debt divided by total general fund revenues for each state using discount rates reported by most systems, typically about 7.5%. An Actuarial Pension Debt/State Total General Fund Revenues ratio of 10 indicates that the Actuarial Pension Debt is equal to a 10 years of current general fund revenues. A lower number is better than a higher number.

Pension Tracker

Stanford Institute for Economic Policy Research
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Stanford, CA  94305-6050
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