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.

Ohio, 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) $341,884,145 $360,729,542 $362,734,613
Value of Assets (thousands) $146,953,726 $145,873,274 $73,962,285
Market Pension Debt (thousands) $194,930,419 $214,856,267 $288,772,328
Market Discount Rate 3.25% 3.00% 3.00%
Actuarial Liability (thousands) $193,313,544 $204,019,824 $201,859,083
Actuarial Pension Debt (thousands) $46,359,818 $58,146,550 $127,896,797
Assumed Rate of Return 7.88% 7.62% 7.75%
  • Variable

    Market Liability (thousands)

    • 2017

      $362,734,613

    • 2016

      $360,729,542

    • 2015

      $341,884,145

    • 2014

      $360,532,707

    • 2013

      $340,779,818

    • 2012

      $396,220,795

    • 2011

      $311,441,928

    • 2010

      $308,560,175

    • 2009

      $276,975,300

    • 2008

      $256,127,762


  • Variable

    Value of Assets (thousands)

    • 2017

      $73,962,285

    • 2016

      $145,873,274

    • 2015

      $146,953,726

    • 2014

      $150,903,512

    • 2013

      $142,084,841

    • 2012

      $130,900,585

    • 2011

      $127,401,065

    • 2010

      $124,881,154

    • 2009

      $114,999,763

    • 2008

      $113,754,112


  • Variable

    Market Pension Debt (thousands)

    • 2017

      $288,772,328

    • 2016

      $214,856,267

    • 2015

      $194,930,419

    • 2014

      $209,629,195

    • 2013

      $198,694,977

    • 2012

      $265,320,210

    • 2011

      $184,040,863

    • 2010

      $183,679,021

    • 2009

      $161,975,538

    • 2008

      $142,373,650


  • 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

      $201,859,083

    • 2016

      $204,019,824

    • 2015

      $193,313,544

    • 2014

      $188,578,721

    • 2013

      $184,400,283

    • 2012

      $193,596,835

    • 2011

      $186,738,698

    • 2010

      $178,648,847

    • 2009

      $171,527,123

    • 2008

      $164,451,901


  • Variable

    Actuarial Pension Debt (thousands)

    • 2017

      $127,896,797

    • 2016

      $58,146,550

    • 2015

      $46,359,818

    • 2014

      $37,675,209

    • 2013

      $42,315,442

    • 2012

      $62,696,250

    • 2011

      $59,337,633

    • 2010

      $53,767,693

    • 2009

      $56,527,360

    • 2008

      $50,697,789


  • Variable

    Assumed Rate of Return

    • 2017

      7.75%

    • 2016

      7.62%

    • 2015

      7.88%

    • 2014

      7.88%

    • 2013

      7.88%

    • 2012

      7.88%

    • 2011

      7.87%

    • 2010

      7.88%

    • 2009

      7.88%

    • 2008

      7.86%


*Recommended not to combine dollar and other categories.

Funded Ratios

Variable 2015 2016 2017
Market Funded Ratio 43.0% 40.4% 20.4%
Actuarial Funded Ratio 76.0% 71.5% 36.6%
  • Variable

    Market Funded Ratio

    • 2017

      20.4%

    • 2016

      40.4%

    • 2015

      43.0%

    • 2014

      41.9%

    • 2013

      41.7%

    • 2012

      33.0%

    • 2011

      40.9%

    • 2010

      40.5%

    • 2009

      41.5%

    • 2008

      44.4%


  • Variable

    Actuarial Funded Ratio

    • 2017

      36.6%

    • 2016

      71.5%

    • 2015

      76.0%

    • 2014

      80.0%

    • 2013

      77.1%

    • 2012

      67.6%

    • 2011

      68.2%

    • 2010

      69.9%

    • 2009

      67.0%

    • 2008

      69.2%


*Recommended not to combine dollar and other categories.

State Demographics

Variable 2015 2016 2017
Population 11,621,647 11,614,848 11,658,609
Households 4,602,935 4,612,550 4,667,192
  • Variable

    Population

    • 2017

      11,658,609

    • 2016

      11,614,848

    • 2015

      11,621,647

    • 2014

      11,596,998

    • 2013

      11,572,232

    • 2012

      11,550,901

    • 2011

      11,544,757

    • 2010

      11,540,070

    • 2009

      11,528,896

    • 2008

      11,515,391


  • Variable

    Households

    • 2017

      4,667,192

    • 2016

      4,612,550

    • 2015

      4,602,935

    • 2014

      4,593,172

    • 2013

      4,564,745

    • 2012

      4,554,672

    • 2011

      4,538,555

    • 2010

      4,525,066

    • 2009

      4,526,404

    • 2008

      4,508,871


*Recommended not to combine dollar and other categories.

Budget & Revenue

Variable 2015 2016 2017
State General Fund Expenditures (thousands) $30,831,000 $33,591,000 $34,501,900
State Total Expenditures (thousands) $65,096,000 $67,450,000 $68,273,300
State Total General Fund Revenues (thousands) $31,473,000 $33,931,000 $34,178,000
  • Variable

    State General Fund Expenditures (thousands)

    • 2017

      $34,501,900

    • 2016

      $33,591,000

    • 2015

      $30,831,000

    • 2014

      $28,902,000

    • 2013

      $27,439,000

    • 2012

      $26,395,000

    • 2011

      $31,653,000

    • 2010

      $25,401,000

    • 2009

      $28,160,000

    • 2008

      $25,722,000


  • Variable

    State Total Expenditures (thousands)

    • 2017

      $68,273,300

    • 2016

      $67,450,000

    • 2015

      $65,096,000

    • 2014

      $61,222,000

    • 2013

      $58,268,000

    • 2012

      $57,922,000

    • 2011

      $60,315,000

    • 2010

      $57,630,000

    • 2009

      $57,793,000

    • 2008

      $56,763,000


  • Variable

    State Total General Fund Revenues (thousands)

    • 2017

      $34,178,000

    • 2016

      $33,931,000

    • 2015

      $31,473,000

    • 2014

      $29,233,000

    • 2013

      $29,559,000

    • 2012

      $27,186,000

    • 2011

      $27,763,000

    • 2010

      $24,950,000

    • 2009

      $26,685,000

    • 2008

      $26,659,000


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2015 2016 2017
Market Pension Debt/Household $42,349 $46,581 $61,873
Market Pension Debt/Capita $16,773 $18,498 $24,769
Market Pension Debt/State General Fund Expenditures 6.32 6.40 8.37
Market Pension Debt/State Total Expenditures 2.99 3.19 4.23
Market Pension Debt/State Total General Fund Revenues 6.19 6.33 8.45
Actuarial Pension Debt/Household $10,072 $12,606 $27,403
Actuarial Pension Debt/Capita $3,989 $5,006 $10,970
Actuarial Pension Debt/State General Fund Expenditures 1.50 1.73 3.71
Actuarial Pension Debt/State Total Expenditures 0.71 0.86 1.87
Actuarial Pension Debt/State Total General Fund Revenues 1.47 1.71 3.74
  • Variable

    Market Pension Debt/Household

    • 2017

      $61,873

    • 2016

      $46,581

    • 2015

      $42,349

    • 2014

      $45,639

    • 2013

      $43,528

    • 2012

      $58,252

    • 2011

      $40,551

    • 2010

      $40,591

    • 2009

      $35,785

    • 2008

      $31,576


  • Variable

    Market Pension Debt/Capita

    • 2017

      $24,769

    • 2016

      $18,498

    • 2015

      $16,773

    • 2014

      $18,076

    • 2013

      $17,170

    • 2012

      $22,970

    • 2011

      $15,942

    • 2010

      $15,917

    • 2009

      $14,050

    • 2008

      $12,364


  • Variable

    Market Pension Debt/State General Fund Expenditures

    • 2017

      8.37

    • 2016

      6.40

    • 2015

      6.32

    • 2014

      7.25

    • 2013

      7.24

    • 2012

      10.05

    • 2011

      5.81

    • 2010

      7.23

    • 2009

      5.75

    • 2008

      5.54


  • Variable

    Market Pension Debt/State Total Expenditures

    • 2017

      4.23

    • 2016

      3.19

    • 2015

      2.99

    • 2014

      3.42

    • 2013

      3.41

    • 2012

      4.58

    • 2011

      3.05

    • 2010

      3.19

    • 2009

      2.80

    • 2008

      2.51


  • Variable

    Market Pension Debt/State Total General Fund Revenues

    • 2017

      8.45

    • 2016

      6.33

    • 2015

      6.19

    • 2014

      7.17

    • 2013

      6.72

    • 2012

      9.76

    • 2011

      6.63

    • 2010

      7.36

    • 2009

      6.07

    • 2008

      5.34


  • Variable

    Actuarial Pension Debt/Household

    • 2017

      $27,403

    • 2016

      $12,606

    • 2015

      $10,072

    • 2014

      $8,202

    • 2013

      $9,270

    • 2012

      $13,765

    • 2011

      $13,074

    • 2010

      $11,882

    • 2009

      $12,488

    • 2008

      $11,244


  • Variable

    Actuarial Pension Debt/Capita

    • 2017

      $10,970

    • 2016

      $5,006

    • 2015

      $3,989

    • 2014

      $3,249

    • 2013

      $3,657

    • 2012

      $5,428

    • 2011

      $5,140

    • 2010

      $4,659

    • 2009

      $4,903

    • 2008

      $4,403


  • Variable

    Actuarial Pension Debt/State General Fund Expenditures

    • 2017

      3.71

    • 2016

      1.73

    • 2015

      1.50

    • 2014

      1.30

    • 2013

      1.54

    • 2012

      2.38

    • 2011

      1.87

    • 2010

      2.12

    • 2009

      2.01

    • 2008

      1.97


  • Variable

    Actuarial Pension Debt/State Total Expenditures

    • 2017

      1.87

    • 2016

      0.86

    • 2015

      0.71

    • 2014

      0.62

    • 2013

      0.73

    • 2012

      1.08

    • 2011

      0.98

    • 2010

      0.93

    • 2009

      0.98

    • 2008

      0.89


  • Variable

    Actuarial Pension Debt/State Total General Fund Revenues

    • 2017

      3.74

    • 2016

      1.71

    • 2015

      1.47

    • 2014

      1.29

    • 2013

      1.43

    • 2012

      2.31

    • 2011

      2.14

    • 2010

      2.16

    • 2009

      2.12

    • 2008

      1.90


*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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