U.S. Pension Tracker

Joe Nation, Ph.D.

Project Director
Stanford Institute for
Economic Policy Research

The Bottom 25% (Lowest quartile) indicates relatively lower unfunded liabilities. The Top 25% (Highest quartile) indicates relatively higher unfunded liabilities. Metrics reflect the Fiscal Year selected. Agencies reported as NA or agencies for which we do not have geographic locations are excluded from calculations. See Glossary for additional information.

Data reflect Fiscal Year (FY) 2015, the most recent available.

Alaska, All State and Local Systems

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Plan : From year: to
Detailed Table

Assets, Liabilities and Unfunded Liabilities

Variable 2013 2014 2015
Market Liability (thousands) $36,404,571 $40,289,780 $42,555,280
Value of Assets (thousands) $10,468,506 $12,044,150 $14,906,571
Market Pension Debt (thousands) $25,936,065 $28,245,630 $27,648,709
Market Discount Rate 3.25% 3.00% 2.75%
Actuarial Liability (thousands) $19,394,750 $20,748,345 $21,181,978
Actuarial Pension Debt (thousands) $8,926,244 $8,704,195 $6,275,406
Assumed Rate of Return 8.00% 8.00% 8.00%
  • Variable

    Market Liability (thousands)

    • 2015

      $42,555,280

    • 2014

      $40,289,780

    • 2013

      $36,404,571

    • 2012

      $38,911,048

    • 2011

      $30,398,710

    • 2010

      $30,177,522

    • 2009

      $26,903,610

    • 2008

      $24,952,244


  • Variable

    Value of Assets (thousands)

    • 2015

      $14,906,571

    • 2014

      $12,044,150

    • 2013

      $10,468,506

    • 2012

      $9,599,459

    • 2011

      $9,860,809

    • 2010

      $8,533,581

    • 2009

      $8,081,424

    • 2008

      $11,110,929


  • Variable

    Market Pension Debt (thousands)

    • 2015

      $27,648,709

    • 2014

      $28,245,630

    • 2013

      $25,936,065

    • 2012

      $29,311,589

    • 2011

      $20,537,901

    • 2010

      $21,643,941

    • 2009

      $18,822,186

    • 2008

      $13,841,315


  • Variable

    Market Discount Rate

    • 2015

      2.75%

    • 2014

      3.00%

    • 2013

      3.25%

    • 2012

      2.50%

    • 2011

      4.00%

    • 2010

      3.75%

    • 2009

      4.25%

    • 2008

      4.50%


  • Variable

    Actuarial Liability (thousands)

    • 2015

      $21,181,978

    • 2014

      $20,748,345

    • 2013

      $19,394,750

    • 2012

      $18,718,647

    • 2011

      $17,922,118

    • 2010

      $17,202,219

    • 2009

      $15,881,254

    • 2008

      $15,231,652


  • Variable

    Actuarial Pension Debt (thousands)

    • 2015

      $6,275,406

    • 2014

      $8,704,195

    • 2013

      $8,926,244

    • 2012

      $9,119,188

    • 2011

      $8,061,309

    • 2010

      $8,668,638

    • 2009

      $7,799,829

    • 2008

      $4,120,723


  • Variable

    Assumed Rate of Return

    • 2015

      8.00%

    • 2014

      8.00%

    • 2013

      8.00%

    • 2012

      8.00%

    • 2011

      8.00%

    • 2010

      8.00%

    • 2009

      8.25%

    • 2008

      8.25%


*Recommended not to combine dollar and other categories.

Funded Ratios

Variable 2013 2014 2015
Market Funded Ratio 28.8% 29.9% 35.0%
Actuarial Funded Ratio 54.0% 58.1% 70.4%
  • Variable

    Market Funded Ratio

    • 2015

      35.0%

    • 2014

      29.9%

    • 2013

      28.8%

    • 2012

      24.7%

    • 2011

      32.4%

    • 2010

      28.3%

    • 2009

      30.0%

    • 2008

      44.5%


  • Variable

    Actuarial Funded Ratio

    • 2015

      70.4%

    • 2014

      58.1%

    • 2013

      54.0%

    • 2012

      51.3%

    • 2011

      55.0%

    • 2010

      49.6%

    • 2009

      50.9%

    • 2008

      73.0%


*Recommended not to combine dollar and other categories.

State Demographics

Variable 2013 2014 2015
Population 737,046 738,432 738,432
Households 246,015 249,659 250,128
  • Variable

    Population

    • 2015

      738,432

    • 2014

      738,432

    • 2013

      737,046

    • 2012

      731,081

    • 2011

      722,572

    • 2010

      713,856

    • 2009

      698,895

    • 2008

      687,455


  • Variable

    Households

    • 2015

      250,128

    • 2014

      249,659

    • 2013

      246,015

    • 2012

      251,651

    • 2011

      257,330

    • 2010

      254,610

    • 2009

      236,597

    • 2008

      237,607


*Recommended not to combine dollar and other categories.

Budget & Revenue

Variable 2013 2014 2015
State General Fund Expenditures (thousands) $7,690,000 $7,226,000 $6,013,000
State Total Expenditures (thousands) $12,022,000 $11,397,000 $13,940,000
State Total General Fund Revenues (thousands) $6,932,000 $5,390,000 $2,216,000
  • Variable

    State General Fund Expenditures (thousands)

    • 2015

      $6,013,000

    • 2014

      $7,226,000

    • 2013

      $7,690,000

    • 2012

      $7,400,000

    • 2011

      $8,948,000

    • 2010

      $5,627,000

    • 2009

      $7,176,000

    • 2008

      $5,090,000


  • Variable

    State Total Expenditures (thousands)

    • 2015

      $13,940,000

    • 2014

      $11,397,000

    • 2013

      $12,022,000

    • 2012

      $11,789,000

    • 2011

      $13,992,000

    • 2010

      $9,761,000

    • 2009

      $12,582,000

    • 2008

      $11,656,000


  • Variable

    State Total General Fund Revenues (thousands)

    • 2015

      $2,216,000

    • 2014

      $5,390,000

    • 2013

      $6,932,000

    • 2012

      $9,485,000

    • 2011

      $7,673,000

    • 2010

      $5,330,000

    • 2009

      $5,584,000

    • 2008

      $10,508,000


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2013 2014 2015
Market Pension Debt/Household $105,425 $113,137 $110,538
Market Pension Debt/Capita $35,189 $38,251 $37,442
Market Pension Debt/State General Fund Expenditures 3.37 3.91 4.60  
Market Pension Debt/State Total Expenditures 2.16 2.48 1.98
Market Pension Debt/State Total General Fund Revenues 3.74 5.24 12.48
Actuarial Pension Debt/Household $36,283 $34,864 $25,089
Actuarial Pension Debt/Capita $12,111 $11,787 $8,498
Actuarial Pension Debt/State General Fund Expenditures 1.16 1.20 1.04
Actuarial Pension Debt/State Total Expenditures 0.74 0.76 0.45
Actuarial Pension Debt/State Total General Fund Revenues 1.29 1.61 2.83
  • Variable

    Market Pension Debt/Household

    • 2015

      $110,538

    • 2014

      $113,137

    • 2013

      $105,425

    • 2012

      $116,477

    • 2011

      $79,812

    • 2010

      $85,008

    • 2009

      $79,554

    • 2008

      $58,253


  • Variable

    Market Pension Debt/Capita

    • 2015

      $37,442

    • 2014

      $38,251

    • 2013

      $35,189

    • 2012

      $40,093

    • 2011

      $28,423

    • 2010

      $30,320

    • 2009

      $26,931

    • 2008

      $20,134


  • Variable

    Market Pension Debt/State General Fund Expenditures

    • 2015

      4.60

    • 2014

      3.91

    • 2013

      3.37

    • 2012

      3.96

    • 2011

      2.30

    • 2010

      3.85

    • 2009

      2.62

    • 2008

      2.72


  • Variable

    Market Pension Debt/State Total Expenditures

    • 2015

      1.98

    • 2014

      2.48

    • 2013

      2.16

    • 2012

      2.49

    • 2011

      1.47

    • 2010

      2.22

    • 2009

      1.50

    • 2008

      1.19


  • Variable

    Market Pension Debt/State Total General Fund Revenues

    • 2015

      12.48

    • 2014

      5.24

    • 2013

      3.74

    • 2012

      3.09

    • 2011

      2.68

    • 2010

      4.06

    • 2009

      3.37

    • 2008

      1.32


  • Variable

    Actuarial Pension Debt/Household

    • 2015

      $25,089

    • 2014

      $34,864

    • 2013

      $36,283

    • 2012

      $36,237

    • 2011

      $31,327

    • 2010

      $34,047

    • 2009

      $32,967

    • 2008

      $17,343


  • Variable

    Actuarial Pension Debt/Capita

    • 2015

      $8,498

    • 2014

      $11,787

    • 2013

      $12,111

    • 2012

      $12,474

    • 2011

      $11,156

    • 2010

      $12,143

    • 2009

      $11,160

    • 2008

      $5,994


  • Variable

    Actuarial Pension Debt/State General Fund Expenditures

    • 2015

      1.04

    • 2014

      1.20

    • 2013

      1.16

    • 2012

      1.23

    • 2011

      0.90

    • 2010

      1.54

    • 2009

      1.09

    • 2008

      0.81


  • Variable

    Actuarial Pension Debt/State Total Expenditures

    • 2015

      0.45

    • 2014

      0.76

    • 2013

      0.74

    • 2012

      0.77

    • 2011

      0.58

    • 2010

      0.89

    • 2009

      0.62

    • 2008

      0.35


  • Variable

    Actuarial Pension Debt/State Total General Fund Revenues

    • 2015

      2.83

    • 2014

      1.61

    • 2013

      1.29

    • 2012

      0.96

    • 2011

      1.05

    • 2010

      1.63

    • 2009

      1.40

    • 2008

      0.39


*Recommended not to combine dollar and other categories.

Pension Tracker

Stanford Institute for Economic Policy Research
366 Galvez Street
Stanford, CA  94305-6050
admin@pensiontracker.org