Massachusetts

Summary for year 2016
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Liability (thousands)$253,458,945$184,286,106$69,172,839
Value of Assets (thousands)$75,686,001$55,030,129$20,655,872
Market Pension Debt (thousands)$177,772,944$129,255,977$48,516,967
Market Funded Ratio29.9%29.9%29.9%
Market Discount Rate2.75%2.75%2.75%
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$68,948$50,131$18,817
Market Pension Debt/Capita$26,065$18,951$7,113
Market Pension Debt/State General Fund Expenditures5.824.231.59
Market Pension Debt/State Total Expenditures2.942.140.80
Market Pension Debt/State Total General Fund Revenues4.403.201.20
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