U.S. Pension Tracker

Joe Nation, Ph.D.

Pension Tracker Project Director
Bill Lane Center for the West

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) 2019, the most recent available.

Alaska, All State and Local Systems

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Plan : From year: to
Detailed Table

Assets, Liabilities and Unfunded Liabilities

Variable 2017 2018 2019
Market Liability (thousands) $40,414,783 $40,577,725 $38,639,870
Value of Assets (thousands) $14,818,139 $15,326,886 $15,575,401
Market Pension Debt (thousands) $25,596,644 $25,250,840 $23,064,469
Market Discount Rate 3.00% 3.25% 3.25%
Actuarial Liability (thousands) $21,829,975 $22,619,712 $23,206,105
Actuarial Pension Debt (thousands) $7,011,836 $7,292,827 $7,630,704
Assumed Rate of Return 8.00% 8.00% 7.38%
  • Variable

    Market Liability (thousands)

    • 2019

      $38,639,870

    • 2018

      $40,577,725

    • 2017

      $40,414,783

    • 2016

      $39,933,850

    • 2015

      $37,998,563

    • 2014

      $40,289,780

    • 2013

      $36,404,571

    • 2012

      $38,911,048

    • 2011

      $30,398,710

    • 2010

      $30,177,522

    • 2009

      $26,903,610

    • 2008

      $24,952,244


  • Variable

    Value of Assets (thousands)

    • 2019

      $15,575,401

    • 2018

      $15,326,886

    • 2017

      $14,818,139

    • 2016

      $13,683,476

    • 2015

      $14,394,775

    • 2014

      $12,044,150

    • 2013

      $10,468,506

    • 2012

      $9,599,459

    • 2011

      $9,860,809

    • 2010

      $8,533,581

    • 2009

      $8,081,424

    • 2008

      $11,110,929


  • Variable

    Market Pension Debt (thousands)

    • 2019

      $23,064,469

    • 2018

      $25,250,840

    • 2017

      $25,596,644

    • 2016

      $26,250,374

    • 2015

      $23,603,789

    • 2014

      $28,245,630

    • 2013

      $25,936,065

    • 2012

      $29,311,589

    • 2011

      $20,537,901

    • 2010

      $21,643,941

    • 2009

      $18,822,186

    • 2008

      $13,841,315


  • Variable

    Market Discount Rate

    • 2019

      3.25%

    • 2018

      3.25%

    • 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)

    • 2019

      $23,206,105

    • 2018

      $22,619,712

    • 2017

      $21,829,975

    • 2016

      $21,570,319

    • 2015

      $21,181,978

    • 2014

      $20,748,345

    • 2013

      $19,394,750

    • 2012

      $18,718,647

    • 2011

      $17,922,118

    • 2010

      $17,202,219

    • 2009

      $15,881,254

    • 2008

      $15,231,652


  • Variable

    Actuarial Pension Debt (thousands)

    • 2019

      $7,630,704

    • 2018

      $7,292,827

    • 2017

      $7,011,836

    • 2016

      $7,886,843

    • 2015

      $6,787,203

    • 2014

      $8,704,195

    • 2013

      $8,926,244

    • 2012

      $9,119,188

    • 2011

      $8,061,309

    • 2010

      $8,668,638

    • 2009

      $7,799,829

    • 2008

      $4,120,723


  • Variable

    Assumed Rate of Return

    • 2019

      7.38%

    • 2018

      8.00%

    • 2017

      8.00%

    • 2016

      8.00%

    • 2015

      8.00%

    • 2014

      8.00%

    • 2013

      8.00%

    • 2012

      8.00%

    • 2011

      8.00%

    • 2010

      8.00%

    • 2009

      8.25%

    • 2008

      8.25%


*Recommended not to combine dollar and other categories.

Funded Ratios

Variable 2017 2018 2019
Market Funded Ratio 36.7% 37.8% 40.3%
Actuarial Funded Ratio 67.9% 67.8% 67.1%
  • Variable

    Market Funded Ratio

    • 2019

      40.3%

    • 2018

      37.8%

    • 2017

      36.7%

    • 2016

      34.3%

    • 2015

      37.9%

    • 2014

      29.9%

    • 2013

      28.8%

    • 2012

      24.7%

    • 2011

      32.4%

    • 2010

      28.3%

    • 2009

      30.0%

    • 2008

      44.5%


  • Variable

    Actuarial Funded Ratio

    • 2019

      67.1%

    • 2018

      67.8%

    • 2017

      67.9%

    • 2016

      63.4%

    • 2015

      68.0%

    • 2014

      58.1%

    • 2013

      54.0%

    • 2012

      51.3%

    • 2011

      55.0%

    • 2010

      49.6%

    • 2009

      50.9%

    • 2008

      73.0%


*Recommended not to combine dollar and other categories.

State Demographics

Variable 2017 2018 2019
Population 739,795 737,438 731,545
Households 250,741 253,462 253,346
  • Variable

    Population

    • 2019

      731,545

    • 2018

      737,438

    • 2017

      739,795

    • 2016

      741,894

    • 2015

      738,432

    • 2014

      737,046

    • 2013

      737,442

    • 2012

      731,081

    • 2011

      722,572

    • 2010

      713,856

    • 2009

      698,895

    • 2008

      687,455


  • Variable

    Households

    • 2019

      253,346

    • 2018

      253,462

    • 2017

      250,741

    • 2016

      248,468

    • 2015

      250,128

    • 2014

      249,659

    • 2013

      246,015

    • 2012

      251,651

    • 2011

      257,330

    • 2010

      254,610

    • 2009

      236,597

    • 2008

      237,607


*Recommended not to combine dollar and other categories.

Budget & Revenue

Variable 2017 2018 2019
State General Fund Expenditures (thousands) $4,461,429 $4,504,300 $5,943,100
State Total Expenditures (thousands) $10,090,563 $10,302,731 $11,703,400
State Total General Fund Revenues (thousands) $1,646,400 $2,413,500 $2,683,400
  • Variable

    State General Fund Expenditures (thousands)

    • 2019

      $5,943,100

    • 2018

      $4,504,300

    • 2017

      $4,461,429

    • 2016

      $5,729,000

    • 2015

      $6,013,000

    • 2014

      $7,226,000

    • 2013

      $7,690,000

    • 2012

      $7,400,000

    • 2011

      $8,948,000

    • 2010

      $5,627,000

    • 2009

      $7,176,000

    • 2008

      $5,090,000


  • Variable

    State Total Expenditures (thousands)

    • 2019

      $11,703,400

    • 2018

      $10,302,731

    • 2017

      $10,090,563

    • 2016

      $10,602,000

    • 2015

      $13,940,000

    • 2014

      $11,397,000

    • 2013

      $12,022,000

    • 2012

      $11,789,000

    • 2011

      $13,992,000

    • 2010

      $9,761,000

    • 2009

      $12,582,000

    • 2008

      $11,656,000


  • Variable

    State Total General Fund Revenues (thousands)

    • 2019

      $2,683,400

    • 2018

      $2,413,500

    • 2017

      $1,646,400

    • 2016

      $1,540,000

    • 2015

      $2,216,000

    • 2014

      $5,390,000

    • 2013

      $6,932,000

    • 2012

      $9,485,000

    • 2011

      $7,673,000

    • 2010

      $5,330,000

    • 2009

      $5,584,000

    • 2008

      $10,508,000


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2017 2018 2019
Market Pension Debt/Household $102,084 $99,624 $91,039
Market Pension Debt/Capita $34,600 $34,241 $31,528
Market Pension Debt/State General Fund Expenditures 5.74 5.61 3.88
Market Pension Debt/State Total Expenditures 2.54 2.45 1.97
Market Pension Debt/State Total General Fund Revenues 15.55 10.46 8.60
Actuarial Pension Debt/Household $27,964 $28,773 $30,120
Actuarial Pension Debt/Capita $9,478 $9,889 $10,431
Actuarial Pension Debt/State General Fund Expenditures 1.57 1.62 1.28
Actuarial Pension Debt/State Total Expenditures 0.69 0.71 0.65
Actuarial Pension Debt/State Total General Fund Revenues 4.26 3.02 2.84
  • Variable

    Market Pension Debt/Household

    • 2019

      $91,039

    • 2018

      $99,624

    • 2017

      $102,084

    • 2016

      $105,649

    • 2015

      $94,367

    • 2014

      $113,137

    • 2013

      $105,425

    • 2012

      $116,477

    • 2011

      $79,812

    • 2010

      $85,008

    • 2009

      $79,554

    • 2008

      $58,253


  • Variable

    Market Pension Debt/Capita

    • 2019

      $31,528

    • 2018

      $34,241

    • 2017

      $34,600

    • 2016

      $35,383

    • 2015

      $31,965

    • 2014

      $38,323

    • 2013

      $35,170

    • 2012

      $40,093

    • 2011

      $28,423

    • 2010

      $30,320

    • 2009

      $26,931

    • 2008

      $20,134


  • Variable

    Market Pension Debt/State General Fund Expenditures

    • 2019

      3.88

    • 2018

      5.61

    • 2017

      5.74

    • 2016

      4.58

    • 2015

      3.93

    • 2014

      3.91

    • 2013

      3.37

    • 2012

      3.96

    • 2011

      2.30

    • 2010

      3.85

    • 2009

      2.62

    • 2008

      2.72


  • Variable

    Market Pension Debt/State Total Expenditures

    • 2019

      1.97

    • 2018

      2.45

    • 2017

      2.54

    • 2016

      2.48

    • 2015

      1.69

    • 2014

      2.48

    • 2013

      2.16

    • 2012

      2.49

    • 2011

      1.47

    • 2010

      2.22

    • 2009

      1.50

    • 2008

      1.19


  • Variable

    Market Pension Debt/State Total General Fund Revenues

    • 2019

      8.60

    • 2018

      10.46

    • 2017

      15.55

    • 2016

      17.05

    • 2015

      10.65

    • 2014

      5.24

    • 2013

      3.74

    • 2012

      3.09

    • 2011

      2.68

    • 2010

      4.06

    • 2009

      3.37

    • 2008

      1.32


  • Variable

    Actuarial Pension Debt/Household

    • 2019

      $30,120

    • 2018

      $28,773

    • 2017

      $27,964

    • 2016

      $31,742

    • 2015

      $27,135

    • 2014

      $34,864

    • 2013

      $36,283

    • 2012

      $36,237

    • 2011

      $31,327

    • 2010

      $34,047

    • 2009

      $32,967

    • 2008

      $17,343


  • Variable

    Actuarial Pension Debt/Capita

    • 2019

      $10,431

    • 2018

      $9,889

    • 2017

      $9,478

    • 2016

      $10,631

    • 2015

      $9,191

    • 2014

      $11,810

    • 2013

      $12,104

    • 2012

      $12,474

    • 2011

      $11,156

    • 2010

      $12,143

    • 2009

      $11,160

    • 2008

      $5,994


  • Variable

    Actuarial Pension Debt/State General Fund Expenditures

    • 2019

      1.28

    • 2018

      1.62

    • 2017

      1.57

    • 2016

      1.38

    • 2015

      1.13

    • 2014

      1.20

    • 2013

      1.16

    • 2012

      1.23

    • 2011

      0.90

    • 2010

      1.54

    • 2009

      1.09

    • 2008

      0.81


  • Variable

    Actuarial Pension Debt/State Total Expenditures

    • 2019

      0.65

    • 2018

      0.71

    • 2017

      0.69

    • 2016

      0.74

    • 2015

      0.49

    • 2014

      0.76

    • 2013

      0.74

    • 2012

      0.77

    • 2011

      0.58

    • 2010

      0.89

    • 2009

      0.62

    • 2008

      0.35


  • Variable

    Actuarial Pension Debt/State Total General Fund Revenues

    • 2019

      2.84

    • 2018

      3.02

    • 2017

      4.26

    • 2016

      5.12

    • 2015

      3.06

    • 2014

      1.61

    • 2013

      1.29

    • 2012

      0.96

    • 2011

      1.05

    • 2010

      1.63

    • 2009

      1.40

    • 2008

      0.39


*Recommended not to combine dollar and other categories.

Pension Tracker

Bill Lane Center for the West
473 Via Ortega, First Floor
Stanford, CA 94305-4225
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