Massachusetts

Summary for year 2019
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Liability (thousands)$230,797,025$170,278,122$60,518,903
Value of Assets (thousands)$81,995,975$60,495,237$21,500,738
Market Pension Debt (thousands)$148,801,050$109,782,886$39,018,165
Market Funded Ratio35.5%35.5%35.5%
Market Discount Rate3.25%3.25%3.25%
VariableAll State and Local SystemsAll State SystemsLocal Systems
Actuarial Liability (thousands)$139,732,896$103,092,556$36,640,340
Actuarial Pension Debt (thousands)$57,736,921$42,597,319$15,139,602
Actuarial Funded Ratio58.7%58.7%58.7%
Assumed Rate of Return7.31%7.31%7.31%
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Pension Debt/Household$57,018$42,067$14,951
Market Pension Debt/Capita$21,574$15,917$5,657
Market Pension Debt/State General Fund Expenditures5.113.771.34
Market Pension Debt/State Total Expenditures2.491.830.65
Market Pension Debt/State Total General Fund Revenues4.263.141.12
VariableAll State and Local SystemsAll State SystemsLocal Systems
Actuarial Pension Debt/Household$22,124$16,323$5,801
Actuarial Pension Debt/Capita$8,371$6,176$2,195
Actuarial Pension Debt/State General Fund Expenditures1.981.460.52
Actuarial Pension Debt/State Total Expenditures0.960.710.25
Actuarial Pension Debt/State Total General Fund Revenues1.651.220.43