Massachusetts

Summary for year 2015
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Liability (thousands)$232,302,288$170,605,675$61,696,613
Value of Assets (thousands)$65,439,733$48,059,750$17,379,983
Market Pension Debt (thousands)$166,862,555$122,545,925$44,316,630
Market Funded Ratio28.2%28.2%28.2%
Market Discount Rate2.75%2.75%2.75%
VariableAll State and Local SystemsAll State SystemsLocal Systems
Actuarial Liability (thousands)$127,312,199$93,499,654$33,812,545
Actuarial Pension Debt (thousands)$61,872,465$45,439,904$16,432,561
Actuarial Funded Ratio51.4%51.4%51.4%
Assumed Rate of Return7.26%7.26%7.26%
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Pension Debt/Household$65,075$47,792$17,283
Market Pension Debt/Capita$24,559$18,036$6,523
Market Pension Debt/State General Fund Expenditures5.504.041.46
Market Pension Debt/State Total Expenditures2.912.140.77
Market Pension Debt/State Total General Fund Revenues4.062.981.08
VariableAll State and Local SystemsAll State SystemsLocal Systems
Actuarial Pension Debt/Household$24,130$17,721$6,409
Actuarial Pension Debt/Capita$9,106$6,688$2,419
Actuarial Pension Debt/State General Fund Expenditures2.041.500.54
Actuarial Pension Debt/State Total Expenditures1.080.790.29
Actuarial Pension Debt/State Total General Fund Revenues1.511.110.40