Massachusetts

Summary for year 2018
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Liability (thousands)$225,241,583$163,927,869$61,313,714
Value of Assets (thousands)$84,320,518$61,367,367$22,953,151
Market Pension Debt (thousands)$140,921,064$102,560,502$38,360,562
Market Funded Ratio37.4%37.4%37.4%
Market Discount Rate3.25%3.25%3.25%
VariableAll State and Local SystemsAll State SystemsLocal Systems
Actuarial Liability (thousands)$135,562,848$98,660,863$36,901,986
Actuarial Pension Debt (thousands)$51,242,330$37,293,496$13,948,834
Actuarial Funded Ratio62.2%62.2%62.2%
Assumed Rate of Return7.36%7.36%7.36%
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Pension Debt/Household$53,781$39,141$14,640
Market Pension Debt/Capita$20,386$14,836$5,549
Market Pension Debt/State General Fund Expenditures5.183.771.41
Market Pension Debt/State Total Expenditures2.471.800.67
Market Pension Debt/State Total General Fund Revenues4.343.161.18
VariableAll State and Local SystemsAll State SystemsLocal Systems
Actuarial Pension Debt/Household$19,556$14,233$5,323
Actuarial Pension Debt/Capita$7,413$5,395$2,018
Actuarial Pension Debt/State General Fund Expenditures1.881.370.51
Actuarial Pension Debt/State Total Expenditures0.900.650.24
Actuarial Pension Debt/State Total General Fund Revenues1.581.150.43