Massachusetts

Summary for year 2016
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Liability (thousands)$234,671,994$170,626,403$64,045,591
Value of Assets (thousands)$75,686,001$55,030,129$20,655,872
Market Pension Debt (thousands)$158,985,994$115,596,274$43,389,719
Market Funded Ratio32.3%32.3%32.3%
Market Discount Rate3.00%3.00%3.00%
VariableAll State and Local SystemsAll State SystemsLocal Systems
Actuarial Liability (thousands)$134,196,239$97,572,025$36,624,215
Actuarial Pension Debt (thousands)$58,510,239$42,541,896$15,968,343
Actuarial Funded Ratio56.4%56.4%56.4%
Assumed Rate of Return7.52%7.52%7.52%
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Pension Debt/Household$61,662$44,833$16,828
Market Pension Debt/Capita$23,310$16,948$6,362
Market Pension Debt/State General Fund Expenditures5.203.781.42
Market Pension Debt/State Total Expenditures2.631.910.72
Market Pension Debt/State Total General Fund Revenues3.942.861.07
VariableAll State and Local SystemsAll State SystemsLocal Systems
Actuarial Pension Debt/Household$22,693$16,500$6,193
Actuarial Pension Debt/Capita$8,579$6,237$2,341
Actuarial Pension Debt/State General Fund Expenditures1.911.390.52
Actuarial Pension Debt/State Total Expenditures0.970.700.26
Actuarial Pension Debt/State Total General Fund Revenues1.451.050.40