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

2015 Market Pension Debt/Household
LEGENDS
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Key Metrics: Top 10 Lists
  • Highest to Lowest
  • Fiscal Year
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Rank Actuarial Pension Debt/Household
1   Illinois $31,751
2   Alaska $27,135
3   Connecticut $25,297
4   Massachusetts $21,416
5   California $20,544
6   New Jersey $19,834
7   Hawaii $19,220
8   Kentucky $17,818
9   Pennsylvania $16,669
10   Colorado $14,930
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Illinois

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Summary Table, FY 2015
Category All State and Local Systems All State Systems Local Systems   
Market Liability (thousands) $509,256,210 $367,826,805 $141,429,405
Value of Assets (thousands) $113,211,657 $81,770,789 $31,440,868
Market Pension Debt (thousands) $396,044,553 $286,056,016 $109,988,537
Market Funded Ratio 22.2% 22.2% 22.2%
Market Discount Rate 2.75% 2.75% 2.75%
Actuarial Liability (thousands) $264,478,698 $191,028,313 $73,450,385
Actuarial Pension Debt (thousands) $151,267,041 $109,257,524 $42,009,517
Actuarial Funded Ratio 42.8% 42.8% 42.8%
Assumed Rate of Return 7.67% 7.67% 7.67%
Market Pension Debt/Household $83,129 $60,043 $23,086
Market Pension Debt/Capita $30,797 $22,244 $8,553
Market Pension Debt/State General Fund Expenditures 13.73 9.91 3.81
Market Pension Debt/State Total Expenditures 5.54 4.00 1.54
Market Pension Debt/State Total General Fund Revenues 11.04 7.97 3.06
Actuarial Pension Debt/Household $31,751 $22,933 $8,818
Actuarial Pension Debt/Capita $11,763 $8,496 $3,267
Actuarial Pension Debt/State General Fund Expenditures 5.24 3.79 1.46
Actuarial Pension Debt/State Total Expenditures 2.12 1.53 0.59
Actuarial Pension Debt/State Total General Fund Revenues 4.21 3.04 1.17
  • Category

    Market Liability (thousands)

  • All State and Local Systems

    $509,256,210

  • All State Systems

    $367,826,805

  • Local Systems

    $141,429,405

  • Category

    Value of Assets (thousands)

  • All State and Local Systems

    $113,211,657

  • All State Systems

    $81,770,789

  • Local Systems

    $31,440,868

  • Category

    Market Pension Debt (thousands)

  • All State and Local Systems

    $396,044,553

  • All State Systems

    $286,056,016

  • Local Systems

    $109,988,537

  • Category

    Market Funded Ratio

  • All State and Local Systems

    22.2%

  • All State Systems

    22.2%

  • Local Systems

    22.2%

  • Category

    Market Discount Rate

  • All State and Local Systems

    2.75%

  • All State Systems

    2.75%

  • Local Systems

    2.75%

  • Category

    Actuarial Liability (thousands)

  • All State and Local Systems

    $264,478,698

  • All State Systems

    $191,028,313

  • Local Systems

    $73,450,385

  • Category

    Actuarial Pension Debt (thousands)

  • All State and Local Systems

    $151,267,041

  • All State Systems

    $109,257,524

  • Local Systems

    $42,009,517

  • Category

    Actuarial Funded Ratio

  • All State and Local Systems

    42.8%

  • All State Systems

    42.8%

  • Local Systems

    42.8%

  • Category

    Assumed Rate of Return

  • All State and Local Systems

    7.67%

  • All State Systems

    7.67%

  • Local Systems

    7.67%

  • Category

    Market Pension Debt/Household

  • All State and Local Systems

    $83,129

  • All State Systems

    $60,043

  • Local Systems

    $23,086

  • Category

    Market Pension Debt/Capita

  • All State and Local Systems

    $30,797

  • All State Systems

    $22,244

  • Local Systems

    $8,553

  • Category

    Market Pension Debt/State General Fund Expenditures

  • All State and Local Systems

    13.73

  • All State Systems

    9.91

  • Local Systems

    3.81

  • Category

    Market Pension Debt/State Total Expenditures

  • All State and Local Systems

    5.54

  • All State Systems

    4.00

  • Local Systems

    1.54

  • Category

    Market Pension Debt/State Total General Fund Revenues

  • All State and Local Systems

    11.04

  • All State Systems

    7.97

  • Local Systems

    3.06

  • Category

    Actuarial Pension Debt/Household

  • All State and Local Systems

    $31,751

  • All State Systems

    $22,933

  • Local Systems

    $8,818

  • Category

    Actuarial Pension Debt/Capita

  • All State and Local Systems

    $11,763

  • All State Systems

    $8,496

  • Local Systems

    $3,267

  • Category

    Actuarial Pension Debt/State General Fund Expenditures

  • All State and Local Systems

    5.24

  • All State Systems

    3.79

  • Local Systems

    1.46

  • Category

    Actuarial Pension Debt/State Total Expenditures

  • All State and Local Systems

    2.12

  • All State Systems

    1.53

  • Local Systems

    0.59

  • Category

    Actuarial Pension Debt/State Total General Fund Revenues

  • All State and Local Systems

    4.21

  • All State Systems

    3.04

  • Local Systems

    1.17

*Recommended not to combine dollar and other categories.

Pension Tracker

Stanford Institute for Economic Policy Research
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