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) 2017, the most recent available.

Arkansas, All State and Local Systems

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Plan : From year: to
Detailed Table

Assets, Liabilities and Unfunded Liabilities

Variable 2015 2016 2017
Market Liability (thousands) $52,714,689 $55,824,035 $100,858,469
Value of Assets (thousands) $23,350,401 $19,391,337 $21,679,270
Market Pension Debt (thousands) $29,364,288 $36,432,698 $79,179,199
Market Discount Rate 3.25% 3.00% 3.00%
Actuarial Liability (thousands) $29,943,672 $30,945,917 $56,819,773
Actuarial Pension Debt (thousands) $6,593,271 $11,554,580 $35,140,504
Assumed Rate of Return 7.84% 7.78% 7.65%
  • Variable

    Market Liability (thousands)

    • 2017

      $100,858,469

    • 2016

      $55,824,035

    • 2015

      $52,714,689

    • 2014

      $55,073,815

    • 2013

      $51,131,482

    • 2012

      $55,088,847

    • 2011

      $43,176,669

    • 2010

      $42,459,412

    • 2009

      $37,859,799

    • 2008

      $34,682,046


  • Variable

    Value of Assets (thousands)

    • 2017

      $21,679,270

    • 2016

      $19,391,337

    • 2015

      $23,350,401

    • 2014

      $24,570,062

    • 2013

      $21,191,441

    • 2012

      $19,297,269

    • 2011

      $20,436,097

    • 2010

      $16,850,590

    • 2009

      $15,309,814

    • 2008

      $19,592,251


  • Variable

    Market Pension Debt (thousands)

    • 2017

      $79,179,199

    • 2016

      $36,432,698

    • 2015

      $29,364,288

    • 2014

      $30,503,753

    • 2013

      $29,940,041

    • 2012

      $35,791,578

    • 2011

      $22,740,572

    • 2010

      $25,608,822

    • 2009

      $22,549,985

    • 2008

      $15,089,795


  • Variable

    Market Discount Rate

    • 2017

      3.00%

    • 2016

      3.00%

    • 2015

      3.25%

    • 2014

      3.00%

    • 2013

      3.20%

    • 2012

      2.50%

    • 2011

      4.00%

    • 2010

      3.70%

    • 2009

      4.20%

    • 2008

      4.50%


  • Variable

    Actuarial Liability (thousands)

    • 2017

      $56,819,773

    • 2016

      $30,945,917

    • 2015

      $29,943,672

    • 2014

      $28,694,761

    • 2013

      $27,275,935

    • 2012

      $26,535,558

    • 2011

      $25,455,598

    • 2010

      $24,203,316

    • 2009

      $23,083,976

    • 2008

      $21,895,920


  • Variable

    Actuarial Pension Debt (thousands)

    • 2017

      $35,140,504

    • 2016

      $11,554,580

    • 2015

      $6,593,271

    • 2014

      $4,124,699

    • 2013

      $6,084,494

    • 2012

      $7,238,289

    • 2011

      $5,019,501

    • 2010

      $7,352,726

    • 2009

      $7,774,162

    • 2008

      $2,303,669


  • Variable

    Assumed Rate of Return

    • 2017

      7.65%

    • 2016

      7.78%

    • 2015

      7.84%

    • 2014

      7.91%

    • 2013

      7.99%

    • 2012

      7.99%

    • 2011

      8.00%

    • 2010

      8.00%

    • 2009

      8.00%

    • 2008

      7.99%


*Recommended not to combine dollar and other categories.

Funded Ratios

Variable 2015 2016 2017
Market Funded Ratio 44.3% 34.7% 21.5%
Actuarial Funded Ratio 78.0% 62.7% 38.2%
  • Variable

    Market Funded Ratio

    • 2017

      21.5%

    • 2016

      34.7%

    • 2015

      44.3%

    • 2014

      44.6%

    • 2013

      41.4%

    • 2012

      35.0%

    • 2011

      47.3%

    • 2010

      39.7%

    • 2009

      40.4%

    • 2008

      56.5%


  • Variable

    Actuarial Funded Ratio

    • 2017

      38.2%

    • 2016

      62.7%

    • 2015

      78.0%

    • 2014

      85.6%

    • 2013

      77.7%

    • 2012

      72.7%

    • 2011

      80.3%

    • 2010

      69.6%

    • 2009

      66.3%

    • 2008

      89.5%


*Recommended not to combine dollar and other categories.

State Demographics

Variable 2015 2016 2017
Population 2,978,204 2,988,248 3,004,279
Households 1,135,623 1,142,718 1,153,082
  • Variable

    Population

    • 2017

      3,004,279

    • 2016

      2,988,248

    • 2015

      2,978,204

    • 2014

      2,966,835

    • 2013

      2,957,957

    • 2012

      2,949,300

    • 2011

      2,938,430

    • 2010

      2,922,297

    • 2009

      2,896,843

    • 2008

      2,874,554


  • Variable

    Households

    • 2017

      1,153,082

    • 2016

      1,142,718

    • 2015

      1,135,623

    • 2014

      1,131,288

    • 2013

      1,125,899

    • 2012

      1,143,859

    • 2011

      1,127,621

    • 2010

      1,114,902

    • 2009

      1,124,947

    • 2008

      1,114,041


*Recommended not to combine dollar and other categories.

Budget & Revenue

Variable 2015 2016 2017
State General Fund Expenditures (thousands) $5,063,000 $5,120,000 $5,235,000
State Total Expenditures (thousands) $23,804,000 $23,832,000 $24,538,500
State Total General Fund Revenues (thousands) $6,470,000 $5,368,000 $6,550,400
  • Variable

    State General Fund Expenditures (thousands)

    • 2017

      $5,235,000

    • 2016

      $5,120,000

    • 2015

      $5,063,000

    • 2014

      $4,909,000

    • 2013

      $4,744,000

    • 2012

      $4,582,000

    • 2011

      $4,453,000

    • 2010

      $4,223,000

    • 2009

      $4,380,000

    • 2008

      $4,274,000


  • Variable

    State Total Expenditures (thousands)

    • 2017

      $24,538,500

    • 2016

      $23,832,000

    • 2015

      $23,804,000

    • 2014

      $22,765,000

    • 2013

      $21,448,000

    • 2012

      $20,688,000

    • 2011

      $20,347,000

    • 2010

      $19,922,000

    • 2009

      $18,193,000

    • 2008

      $16,899,000


  • Variable

    State Total General Fund Revenues (thousands)

    • 2017

      $6,550,400

    • 2016

      $5,368,000

    • 2015

      $6,470,000

    • 2014

      $6,243,000

    • 2013

      $6,214,000

    • 2012

      $5,923,000

    • 2011

      $5,674,000

    • 2010

      $5,430,000

    • 2009

      $5,561,000

    • 2008

      $5,575,000


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2015 2016 2017
Market Pension Debt/Household $25,857 $31,882 $68,667
Market Pension Debt/Capita $9,860 $12,192 $26,355
Market Pension Debt/State General Fund Expenditures 5.80 7.12 15.12
Market Pension Debt/State Total Expenditures 1.23 1.53 3.23
Market Pension Debt/State Total General Fund Revenues 4.54 6.79 12.09
Actuarial Pension Debt/Household $5,806 $10,111 $30,475
Actuarial Pension Debt/Capita $2,214 $3,867 $11,697
Actuarial Pension Debt/State General Fund Expenditures 1.30 2.26 6.71
Actuarial Pension Debt/State Total Expenditures 0.28 0.48 1.43
Actuarial Pension Debt/State Total General Fund Revenues 1.02 2.15 5.36
  • Variable

    Market Pension Debt/Household

    • 2017

      $68,667

    • 2016

      $31,882

    • 2015

      $25,857

    • 2014

      $26,964

    • 2013

      $26,592

    • 2012

      $31,290

    • 2011

      $20,167

    • 2010

      $22,970

    • 2009

      $20,045

    • 2008

      $13,545


  • Variable

    Market Pension Debt/Capita

    • 2017

      $26,355

    • 2016

      $12,192

    • 2015

      $9,860

    • 2014

      $10,282

    • 2013

      $10,122

    • 2012

      $12,136

    • 2011

      $7,739

    • 2010

      $8,763

    • 2009

      $7,784

    • 2008

      $5,249


  • Variable

    Market Pension Debt/State General Fund Expenditures

    • 2017

      15.12

    • 2016

      7.12

    • 2015

      5.80

    • 2014

      6.21

    • 2013

      6.31

    • 2012

      7.81

    • 2011

      5.11

    • 2010

      6.06

    • 2009

      5.15

    • 2008

      3.53


  • Variable

    Market Pension Debt/State Total Expenditures

    • 2017

      3.23

    • 2016

      1.53

    • 2015

      1.23

    • 2014

      1.34

    • 2013

      1.40

    • 2012

      1.73

    • 2011

      1.12

    • 2010

      1.29

    • 2009

      1.24

    • 2008

      0.89


  • Variable

    Market Pension Debt/State Total General Fund Revenues

    • 2017

      12.09

    • 2016

      6.79

    • 2015

      4.54

    • 2014

      4.89

    • 2013

      4.82

    • 2012

      6.04

    • 2011

      4.01

    • 2010

      4.72

    • 2009

      4.06

    • 2008

      2.71


  • Variable

    Actuarial Pension Debt/Household

    • 2017

      $30,475

    • 2016

      $10,111

    • 2015

      $5,806

    • 2014

      $3,646

    • 2013

      $5,404

    • 2012

      $6,328

    • 2011

      $4,451

    • 2010

      $6,595

    • 2009

      $6,911

    • 2008

      $2,068


  • Variable

    Actuarial Pension Debt/Capita

    • 2017

      $11,697

    • 2016

      $3,867

    • 2015

      $2,214

    • 2014

      $1,390

    • 2013

      $2,057

    • 2012

      $2,454

    • 2011

      $1,708

    • 2010

      $2,516

    • 2009

      $2,684

    • 2008

      $801


  • Variable

    Actuarial Pension Debt/State General Fund Expenditures

    • 2017

      6.71

    • 2016

      2.26

    • 2015

      1.30

    • 2014

      0.84

    • 2013

      1.28

    • 2012

      1.58

    • 2011

      1.13

    • 2010

      1.74

    • 2009

      1.77

    • 2008

      0.54


  • Variable

    Actuarial Pension Debt/State Total Expenditures

    • 2017

      1.43

    • 2016

      0.48

    • 2015

      0.28

    • 2014

      0.18

    • 2013

      0.28

    • 2012

      0.35

    • 2011

      0.25

    • 2010

      0.37

    • 2009

      0.43

    • 2008

      0.14


  • Variable

    Actuarial Pension Debt/State Total General Fund Revenues

    • 2017

      5.36

    • 2016

      2.15

    • 2015

      1.02

    • 2014

      0.66

    • 2013

      0.98

    • 2012

      1.22

    • 2011

      0.88

    • 2010

      1.35

    • 2009

      1.40

    • 2008

      0.41


*Recommended not to combine dollar and other categories.

Pension Tracker

Stanford Institute for Economic Policy Research
366 Galvez Street
Stanford, CA  94305-6050
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