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.

Pension Debt
United States Public Employee Pension Systems 

View State Pension System Data

2016 Market Pension Debt/Household
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LEGENDS
Key Metrics: Top 10 Lists
  • Highest to Lowest
  • Fiscal Year
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Rank Market Pension Debt/Household
1   Alaska $105,649
2   California $87,747
3   Connecticut $86,016
4   Hawaii $76,000
5   Illinois $75,157
6   Massachusetts $61,662
7   New Mexico $58,311
8   Oregon $54,210
9   Nevada $52,007
10   New Jersey $49,121
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Arizona

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Summary Table, FY 2016
Category All State and Local Systems All State Systems Local Systems   
Market Liability (thousands) $36,091,835 $32,134,649 $3,957,187
Value of Assets (thousands) $9,161,144 $8,156,696 $1,004,448
Market Pension Debt (thousands) $26,930,692 $23,977,953 $2,952,739
Market Funded Ratio 25.4% 25.4% 25.4%
Market Discount Rate 3.00% 3.00% 3.00%
Actuarial Liability (thousands) $20,658,757 $18,393,686 $2,265,071
Actuarial Pension Debt (thousands) $11,497,613 $10,236,990 $1,260,623
Actuarial Funded Ratio 44.3% 44.3% 44.3%
Assumed Rate of Return 7.52% 7.52% 7.52%
Market Pension Debt/Household $10,691 $9,519 $1,172
Market Pension Debt/Capita $3,886 $3,459 $426
Market Pension Debt/State General Fund Expenditures 2.94 2.62 0.32
Market Pension Debt/State Total Expenditures 0.66 0.59 0.07
Market Pension Debt/State Total General Fund Revenues 2.84 2.53 0.31
Actuarial Pension Debt/Household $4,564 $4,064 $500
Actuarial Pension Debt/Capita $1,659 $1,477 $182
Actuarial Pension Debt/State General Fund Expenditures 1.26 1.12 0.14
Actuarial Pension Debt/State Total Expenditures 0.28 0.25 0.03
Actuarial Pension Debt/State Total General Fund Revenues 1.21 1.08 0.13

  • Category

    Market Liability (thousands)

  • All State and Local Systems

    $36,091,835

  • All State Systems

    $32,134,649

  • Local Systems

    $3,957,187

  • Category

    Value of Assets (thousands)

  • All State and Local Systems

    $9,161,144

  • All State Systems

    $8,156,696

  • Local Systems

    $1,004,448

  • Category

    Market Pension Debt (thousands)

  • All State and Local Systems

    $26,930,692

  • All State Systems

    $23,977,953

  • Local Systems

    $2,952,739

  • Category

    Market Funded Ratio

  • All State and Local Systems

    25.4%

  • All State Systems

    25.4%

  • Local Systems

    25.4%

  • Category

    Market Discount Rate

  • All State and Local Systems

    3.00%

  • All State Systems

    3.00%

  • Local Systems

    3.00%

  • Category

    Actuarial Liability (thousands)

  • All State and Local Systems

    $20,658,757

  • All State Systems

    $18,393,686

  • Local Systems

    $2,265,071

  • Category

    Actuarial Pension Debt (thousands)

  • All State and Local Systems

    $11,497,613

  • All State Systems

    $10,236,990

  • Local Systems

    $1,260,623

  • Category

    Actuarial Funded Ratio

  • All State and Local Systems

    44.3%

  • All State Systems

    44.3%

  • Local Systems

    44.3%

  • Category

    Assumed Rate of Return

  • All State and Local Systems

    7.52%

  • All State Systems

    7.52%

  • Local Systems

    7.52%

  • Category

    Market Pension Debt/Household

  • All State and Local Systems

    $10,691

  • All State Systems

    $9,519

  • Local Systems

    $1,172

  • Category

    Market Pension Debt/Capita

  • All State and Local Systems

    $3,886

  • All State Systems

    $3,459

  • Local Systems

    $426

  • Category

    Market Pension Debt/State General Fund Expenditures

  • All State and Local Systems

    2.94

  • All State Systems

    2.62

  • Local Systems

    0.32

  • Category

    Market Pension Debt/State Total Expenditures

  • All State and Local Systems

    0.66

  • All State Systems

    0.59

  • Local Systems

    0.07

  • Category

    Market Pension Debt/State Total General Fund Revenues

  • All State and Local Systems

    2.84

  • All State Systems

    2.53

  • Local Systems

    0.31

  • Category

    Actuarial Pension Debt/Household

  • All State and Local Systems

    $4,564

  • All State Systems

    $4,064

  • Local Systems

    $500

  • Category

    Actuarial Pension Debt/Capita

  • All State and Local Systems

    $1,659

  • All State Systems

    $1,477

  • Local Systems

    $182

  • Category

    Actuarial Pension Debt/State General Fund Expenditures

  • All State and Local Systems

    1.26

  • All State Systems

    1.12

  • Local Systems

    0.14

  • Category

    Actuarial Pension Debt/State Total Expenditures

  • All State and Local Systems

    0.28

  • All State Systems

    0.25

  • Local Systems

    0.03

  • Category

    Actuarial Pension Debt/State Total General Fund Revenues

  • All State and Local Systems

    1.21

  • All State Systems

    1.08

  • Local Systems

    0.13

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*Recommended not to combine dollar and other categories.
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Pension Tracker

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