Massachusetts

Summary for year 2015
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Liability (thousands)$211,016,039$153,795,803$57,220,236
Value of Assets (thousands)$72,770,833$53,037,905$19,732,927
Market Pension Debt (thousands)$138,245,207$100,757,898$37,487,308
Market Funded Ratio34.5%34.5%34.5%
Market Discount Rate3.25%3.25%3.25%
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$53,758$39,181$14,577
Market Pension Debt/Capita$20,288$14,786$5,501
Market Pension Debt/State General Fund Expenditures4.563.321.24
Market Pension Debt/State Total Expenditures2.411.760.65
Market Pension Debt/State Total General Fund Revenues3.372.450.91
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