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.

District of Columbia, 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) $10,840,381 $8,818,705 $13,112,107
Value of Assets (thousands) $7,680,917 $6,393,395 $8,520,641
Market Pension Debt (thousands) $3,159,464 $2,425,310 $4,591,466
Market Discount Rate 3.00% 3.25% 3.25%
Actuarial Liability (thousands) $7,020,751 $5,894,279 $8,763,919
Actuarial Pension Debt (thousands) $660,166 $499,116 $243,278
Assumed Rate of Return 6.50% 6.50% 6.50%
  • Variable

    Market Liability (thousands)

    • 2019

      $13,112,107

    • 2018

      $8,818,705

    • 2017

      $10,840,381

    • 2016

      $10,079,786

    • 2015

      $9,330,565

    • 2014

      $9,336,055

    • 2013

      $8,338,327

    • 2012

      $8,780,616

    • 2011

      $7,228,822

    • 2010

      $6,922,621

    • 2009

      $6,237,873

    • 2008

      $5,954,753


  • Variable

    Value of Assets (thousands)

    • 2019

      $8,520,641

    • 2018

      $6,393,395

    • 2017

      $7,680,917

    • 2016

      $6,776,577

    • 2015

      $6,133,204

    • 2014

      $6,334,349

    • 2013

      $5,790,833

    • 2012

      $5,184,872

    • 2011

      $4,468,221

    • 2010

      $4,235,147

    • 2009

      $3,729,388

    • 2008

      $3,734,300


  • Variable

    Market Pension Debt (thousands)

    • 2019

      $4,591,466

    • 2018

      $2,425,310

    • 2017

      $3,159,464

    • 2016

      $3,303,209

    • 2015

      $3,197,361

    • 2014

      $3,001,706

    • 2013

      $2,547,494

    • 2012

      $3,595,744

    • 2011

      $2,760,601

    • 2010

      $2,687,474

    • 2009

      $2,508,485

    • 2008

      $2,220,453


  • 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

      $8,763,919

    • 2018

      $5,894,279

    • 2017

      $7,020,751

    • 2016

      $6,528,153

    • 2015

      $6,236,398

    • 2014

      $5,847,767

    • 2013

      $5,403,128

    • 2012

      $5,137,651

    • 2011

      $4,854,689

    • 2010

      $4,495,015

    • 2009

      $4,332,400

    • 2008

      $4,276,800


  • Variable

    Actuarial Pension Debt (thousands)

    • 2019

      $243,278

    • 2018

      $499,116

    • 2017

      $660,166

    • 2016

      $248,424

    • 2015

      $103,194

    • 2014

      $-486,582

    • 2013

      $-387,705

    • 2012

      $-47,221

    • 2011

      $386,468

    • 2010

      $259,868

    • 2009

      $603,012

    • 2008

      $542,500


  • Variable

    Assumed Rate of Return

    • 2019

      6.50%

    • 2018

      6.50%

    • 2017

      6.50%

    • 2016

      6.50%

    • 2015

      6.50%

    • 2014

      6.50%

    • 2013

      6.50%

    • 2012

      6.50%

    • 2011

      7.00%

    • 2010

      7.00%

    • 2009

      7.00%

    • 2008

      7.00%


*Recommended not to combine dollar and other categories.

Funded Ratios

Variable 2017 2018 2019
Market Funded Ratio 70.9% 72.5% 65.0%
Actuarial Funded Ratio 109.4% 108.5% 97.2%
  • Variable

    Market Funded Ratio

    • 2019

      65.0%

    • 2018

      72.5%

    • 2017

      70.9%

    • 2016

      67.2%

    • 2015

      65.7%

    • 2014

      67.9%

    • 2013

      69.5%

    • 2012

      59.1%

    • 2011

      61.8%

    • 2010

      61.2%

    • 2009

      59.8%

    • 2008

      62.7%


  • Variable

    Actuarial Funded Ratio

    • 2019

      97.2%

    • 2018

      108.5%

    • 2017

      109.4%

    • 2016

      103.8%

    • 2015

      98.3%

    • 2014

      108.3%

    • 2013

      107.1%

    • 2012

      100.9%

    • 2011

      92.0%

    • 2010

      94.2%

    • 2009

      86.1%

    • 2008

      87.3%


*Recommended not to combine dollar and other categories.

State Demographics

Variable 2017 2018 2019
Population 693,972 702,455 705,749
Households 281,475 281,322 284,386
  • Variable

    Population

    • 2019

      705,749

    • 2018

      702,455

    • 2017

      693,972

    • 2016

      683,435

    • 2015

      675,384

    • 2014

      659,836

    • 2013

      649,540

    • 2012

      635,040

    • 2011

      620,427

    • 2010

      605,210

    • 2009

      592,228

    • 2008

      580,236


  • Variable

    Households

    • 2019

      284,386

    • 2018

      281,322

    • 2017

      281,475

    • 2016

      286,005

    • 2015

      283,914

    • 2014

      277,378

    • 2013

      271,651

    • 2012

      266,662

    • 2011

      268,670

    • 2010

      252,388

    • 2009

      249,280

    • 2008

      249,996


*Recommended not to combine dollar and other categories.

Budget & Revenue

Variable 2017 2018 2019
State General Fund Expenditures (thousands) $7,472,000 $7,472,000 $8,858,979
State Total Expenditures (thousands) $7,474,782 $7,474,782 $13,342,691
State Total General Fund Revenues (thousands) $6,980,773 $6,980,773 $9,484,097
  • Variable

    State General Fund Expenditures (thousands)

    • 2019

      $8,858,979

    • 2018

      $7,472,000

    • 2017

      $7,472,000

    • 2016

      $7,472,000

    • 2015

      $7,472,000

    • 2014

      $6,948,808

    • 2013

      $6,525,068

    • 2012

      $6,153,532

    • 2011

      $5,859,897

    • 2010

      $5,803,867

    • 2009

      $6,069,018

    • 2008

      $6,197,972


  • Variable

    State Total Expenditures (thousands)

    • 2019

      $13,342,691

    • 2018

      $7,474,782

    • 2017

      $7,474,782

    • 2016

      $10,254,000

    • 2015

      $10,254,000

    • 2014

      $11,733,039

    • 2013

      $11,288,134

    • 2012

      $10,761,801

    • 2011

      $10,606,999

    • 2010

      $10,662,369

    • 2009

      $10,134,792

    • 2008

      $10,053,453


  • Variable

    State Total General Fund Revenues (thousands)

    • 2019

      $9,484,097

    • 2018

      $6,980,773

    • 2017

      $6,980,773

    • 2016

      $6,980,773

    • 2015

      $6,980,773

    • 2014

      $7,095,400

    • 2013

      $6,854,593

    • 2012

      $6,584,468

    • 2011

      $5,995,246

    • 2010

      $5,749,761

    • 2009

      $5,898,672

    • 2008

      $6,115,949


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2017 2018 2019
Market Pension Debt/Household $11,225 $8,621 $16,145
Market Pension Debt/Capita $4,553 $3,453 $6,506
Market Pension Debt/State General Fund Expenditures 0.42 0.32 0.52
Market Pension Debt/State Total Expenditures 0.42 0.32 0.34
Market Pension Debt/State Total General Fund Revenues 0.45 0.35 0.48
Actuarial Pension Debt/Household $2,345 $1,774 $855
Actuarial Pension Debt/Capita $951 $711 $345
Actuarial Pension Debt/State General Fund Expenditures 0.09 0.07 0.03
Actuarial Pension Debt/State Total Expenditures 0.09 0.07 0.02
Actuarial Pension Debt/State Total General Fund Revenues 0.09 0.07 0.03
  • Variable

    Market Pension Debt/Household

    • 2019

      $16,145

    • 2018

      $8,621

    • 2017

      $11,225

    • 2016

      $11,549

    • 2015

      $11,262

    • 2014

      $10,822

    • 2013

      $9,378

    • 2012

      $13,484

    • 2011

      $10,275

    • 2010

      $10,648

    • 2009

      $10,063

    • 2008

      $8,882


  • Variable

    Market Pension Debt/Capita

    • 2019

      $6,506

    • 2018

      $3,453

    • 2017

      $4,553

    • 2016

      $4,833

    • 2015

      $4,734

    • 2014

      $4,549

    • 2013

      $3,922

    • 2012

      $5,662

    • 2011

      $4,450

    • 2010

      $4,441

    • 2009

      $4,236

    • 2008

      $3,827


  • Variable

    Market Pension Debt/State General Fund Expenditures

    • 2019

      0.52

    • 2018

      0.32

    • 2017

      0.42

    • 2016

      0.44

    • 2015

      0.43

    • 2014

      0.43

    • 2013

      0.39

    • 2012

      0.58

    • 2011

      0.47

    • 2010

      0.46

    • 2009

      0.41

    • 2008

      0.36


  • Variable

    Market Pension Debt/State Total Expenditures

    • 2019

      0.34

    • 2018

      0.32

    • 2017

      0.42

    • 2016

      0.32

    • 2015

      0.31

    • 2014

      0.26

    • 2013

      0.23

    • 2012

      0.33

    • 2011

      0.26

    • 2010

      0.25

    • 2009

      0.25

    • 2008

      0.22


  • Variable

    Market Pension Debt/State Total General Fund Revenues

    • 2019

      0.48

    • 2018

      0.35

    • 2017

      0.45

    • 2016

      0.47

    • 2015

      0.46

    • 2014

      0.42

    • 2013

      0.37

    • 2012

      0.55

    • 2011

      0.46

    • 2010

      0.47

    • 2009

      0.43

    • 2008

      0.36


  • Variable

    Actuarial Pension Debt/Household

    • 2019

      $855

    • 2018

      $1,774

    • 2017

      $2,345

    • 2016

      $869

    • 2015

      $363

    • 2014

      $-1,754

    • 2013

      $-1,427

    • 2012

      $-177

    • 2011

      $1,438

    • 2010

      $1,030

    • 2009

      $2,419

    • 2008

      $2,170


  • Variable

    Actuarial Pension Debt/Capita

    • 2019

      $345

    • 2018

      $711

    • 2017

      $951

    • 2016

      $363

    • 2015

      $153

    • 2014

      $-737

    • 2013

      $-597

    • 2012

      $-74

    • 2011

      $623

    • 2010

      $429

    • 2009

      $1,018

    • 2008

      $935


  • Variable

    Actuarial Pension Debt/State General Fund Expenditures

    • 2019

      0.03

    • 2018

      0.07

    • 2017

      0.09

    • 2016

      0.03

    • 2015

      0.01

    • 2014

      -0.07

    • 2013

      -0.06

    • 2012

      -0.01

    • 2011

      0.07

    • 2010

      0.04

    • 2009

      0.10

    • 2008

      0.09


  • Variable

    Actuarial Pension Debt/State Total Expenditures

    • 2019

      0.02

    • 2018

      0.07

    • 2017

      0.09

    • 2016

      0.02

    • 2015

      0.01

    • 2014

      -0.04

    • 2013

      -0.03

    • 2012

      0.00

    • 2011

      0.04

    • 2010

      0.02

    • 2009

      0.06

    • 2008

      0.05


  • Variable

    Actuarial Pension Debt/State Total General Fund Revenues

    • 2019

      0.03

    • 2018

      0.07

    • 2017

      0.09

    • 2016

      0.04

    • 2015

      0.01

    • 2014

      -0.07

    • 2013

      -0.06

    • 2012

      -0.01

    • 2011

      0.06

    • 2010

      0.05

    • 2009

      0.10

    • 2008

      0.09


*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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