Pension assets minus liabilities, aka unfunded liability or net pension debt. Data reflect Fiscal Year (FY) 2013, the most recent available. Site contains California state and local government pension data.

Liabilities minus assets, aka unfunded liability or net pension debt. Data reflect Fiscal Year (FY) 2017, the most recent available. Site contains state and estimated totals for local government pensions.

Market Basis reflects Pension Debt using a discount rate equal to 3%, the CalPERS rate in 2017. The use of this discount rate here is intended, as CalPERS is the largest US public pension. Pension Debt Per Household equals Pension Debt divided by the number of households in the United States.

Actuarial Basis Pension Debt using discount rates reported by most systems, an average of about 7.4% in 2017. Pension Debt Per Household equals Pension Debt divided by the number of households in the United States.