Massachusetts

Summary for year 2015
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Liability (thousands)$234,731,606$171,080,530$63,651,076
Value of Assets (thousands)$72,770,833$53,037,905$19,732,927
Market Pension Debt (thousands)$161,960,773$118,042,625$43,918,148
Market Funded Ratio31.0%31.0%31.0%
Market Discount Rate2.75%2.75%2.75%
VariableAll State and Local SystemsAll State SystemsLocal Systems
Actuarial Liability (thousands)$127,845,059$93,177,910$34,667,149
Actuarial Pension Debt (thousands)$55,074,226$40,140,005$14,934,221
Actuarial Funded Ratio56.9%56.9%56.9%
Assumed Rate of Return7.31%7.31%7.31%
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Pension Debt/Household$62,980$45,902$17,078
Market Pension Debt/Capita$23,768$17,323$6,445
Market Pension Debt/State General Fund Expenditures5.343.891.45
Market Pension Debt/State Total Expenditures2.832.060.77
Market Pension Debt/State Total General Fund Revenues3.942.871.07
VariableAll State and Local SystemsAll State SystemsLocal Systems
Actuarial Pension Debt/Household$21,416$15,609$5,807
Actuarial Pension Debt/Capita$8,082$5,891$2,192
Actuarial Pension Debt/State General Fund Expenditures1.821.320.49
Actuarial Pension Debt/State Total Expenditures0.960.700.26
Actuarial Pension Debt/State Total General Fund Revenues1.340.980.36