U.S. Pension Tracker

Joe Nation, Ph.D.

Project Director
Stanford Institute for
Economic Policy Research

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) 2018, the most recent available.

Georgia, All State and Local Systems

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Plan : From year: to
Detailed Table

Assets, Liabilities and Unfunded Liabilities

Variable 2016 2017 2018
Market Liability (thousands) $211,258,402 $38,737,983 $37,963,001
Value of Assets (thousands) $91,731,192 $17,479,150 $3,667,630
Market Pension Debt (thousands) $119,527,210 $21,258,833 $34,295,371
Market Discount Rate 3.00% 3.00% 3.25%
Actuarial Liability (thousands) $121,443,822 $22,697,593 $24,683,023
Actuarial Pension Debt (thousands) $29,712,630 $5,218,443 $21,015,394
Assumed Rate of Return 7.48% 7.32% 6.73%
  • Variable

    Market Liability (thousands)

    • 2018

      $37,963,001

    • 2017

      $38,737,983

    • 2016

      $211,258,402

    • 2015

      $193,138,213

    • 2014

      $189,472,486

    • 2013

      $175,245,348

    • 2012

      $184,377,566

    • 2011

      $147,155,038

    • 2010

      $146,534,023

    • 2009

      $128,739,914

    • 2008

      $123,178,713


  • Variable

    Value of Assets (thousands)

    • 2018

      $3,667,630

    • 2017

      $17,479,150

    • 2016

      $91,731,192

    • 2015

      $92,554,420

    • 2014

      $85,149,847

    • 2013

      $79,897,273

    • 2012

      $73,093,883

    • 2011

      $74,394,038

    • 2010

      $64,050,919

    • 2009

      $59,009,390

    • 2008

      $70,116,161


  • Variable

    Market Pension Debt (thousands)

    • 2018

      $34,295,371

    • 2017

      $21,258,833

    • 2016

      $119,527,210

    • 2015

      $100,583,793

    • 2014

      $104,322,639

    • 2013

      $95,348,075

    • 2012

      $111,283,683

    • 2011

      $72,761,000

    • 2010

      $82,483,104

    • 2009

      $69,730,524

    • 2008

      $53,062,552


  • Variable

    Market Discount Rate

    • 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)

    • 2018

      $24,683,023

    • 2017

      $22,697,593

    • 2016

      $121,443,822

    • 2015

      $114,572,101

    • 2014

      $104,259,208

    • 2013

      $99,889,568

    • 2012

      $94,774,022

    • 2011

      $92,701,979

    • 2010

      $89,252,228

    • 2009

      $83,873,589

    • 2008

      $82,879,139


  • Variable

    Actuarial Pension Debt (thousands)

    • 2018

      $21,015,394

    • 2017

      $5,218,443

    • 2016

      $29,712,630

    • 2015

      $22,017,681

    • 2014

      $19,109,360

    • 2013

      $19,992,295

    • 2012

      $21,680,139

    • 2011

      $18,307,941

    • 2010

      $25,201,309

    • 2009

      $24,864,199

    • 2008

      $12,762,978


  • Variable

    Assumed Rate of Return

    • 2018

      6.73%

    • 2017

      7.32%

    • 2016

      7.48%

    • 2015

      7.48%

    • 2014

      7.49%

    • 2013

      7.48%

    • 2012

      7.49%

    • 2011

      7.49%

    • 2010

      7.49%

    • 2009

      7.49%

    • 2008

      7.50%


*Recommended not to combine dollar and other categories.

Funded Ratios

Variable 2016 2017 2018
Market Funded Ratio 43.4% 45.1% 9.7%
Actuarial Funded Ratio 75.5% 77.0% 14.9%
  • Variable

    Market Funded Ratio

    • 2018

      9.7%

    • 2017

      45.1%

    • 2016

      43.4%

    • 2015

      47.9%

    • 2014

      44.9%

    • 2013

      45.6%

    • 2012

      39.6%

    • 2011

      50.6%

    • 2010

      43.7%

    • 2009

      45.8%

    • 2008

      56.9%


  • Variable

    Actuarial Funded Ratio

    • 2018

      14.9%

    • 2017

      77.0%

    • 2016

      75.5%

    • 2015

      80.8%

    • 2014

      81.7%

    • 2013

      80.0%

    • 2012

      77.1%

    • 2011

      80.3%

    • 2010

      71.8%

    • 2009

      70.4%

    • 2008

      84.6%


*Recommended not to combine dollar and other categories.

State Demographics

Variable 2016 2017 2018
Population 10,310,371 10,429,379 10,519,475
Households 3,686,135 3,745,074 3,709,488
  • Variable

    Population

    • 2018

      10,519,475

    • 2017

      10,429,379

    • 2016

      10,310,371

    • 2015

      10,214,860

    • 2014

      10,097,132

    • 2013

      9,991,562

    • 2012

      9,919,000

    • 2011

      9,813,201

    • 2010

      9,714,464

    • 2009

      4,810,423

    • 2008

      4,752,422


  • Variable

    Households

    • 2018

      3,709,488

    • 2017

      3,745,074

    • 2016

      3,686,135

    • 2015

      3,629,350

    • 2014

      3,587,521

    • 2013

      3,546,965

    • 2012

      3,532,908

    • 2011

      3,494,542

    • 2010

      3,482,420

    • 2009

      3,469,250

    • 2008

      3,469,845


*Recommended not to combine dollar and other categories.

Budget & Revenue

Variable 2016 2017 2018
State General Fund Expenditures (thousands) $21,917,000 $23,146,000 $23,516,686
State Total Expenditures (thousands) $47,496,000 $49,234,000 $51,393,774
State Total General Fund Revenues (thousands) $22,237,000 $22,907,000 $24,320,000
  • Variable

    State General Fund Expenditures (thousands)

    • 2018

      $23,516,686

    • 2017

      $23,146,000

    • 2016

      $21,917,000

    • 2015

      $20,021,000

    • 2014

      $18,843,000

    • 2013

      $18,019,000

    • 2012

      $17,240,000

    • 2011

      $16,476,000

    • 2010

      $14,561,000

    • 2009

      $16,476,000

    • 2008

      $17,934,000


  • Variable

    State Total Expenditures (thousands)

    • 2018

      $51,393,774

    • 2017

      $49,234,000

    • 2016

      $47,496,000

    • 2015

      $44,372,000

    • 2014

      $43,444,000

    • 2013

      $42,444,000

    • 2012

      $41,143,000

    • 2011

      $40,825,000

    • 2010

      $40,748,000

    • 2009

      $40,183,000

    • 2008

      $38,494,000


  • Variable

    State Total General Fund Revenues (thousands)

    • 2018

      $24,320,000

    • 2017

      $22,907,000

    • 2016

      $22,237,000

    • 2015

      $19,814,000

    • 2014

      $19,168,000

    • 2013

      $18,296,000

    • 2012

      $17,270,000

    • 2011

      $16,559,000

    • 2010

      $15,216,000

    • 2009

      $16,767,000

    • 2008

      $18,728,000


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2016 2017 2018
Market Pension Debt/Household $32,426 $5,676 $9,245
Market Pension Debt/Capita $11,593 $2,038 $3,260
Market Pension Debt/State General Fund Expenditures 5.45 0.92 1.46
Market Pension Debt/State Total Expenditures 2.52 0.43 0.67
Market Pension Debt/State Total General Fund Revenues 5.38 0.93 1.41
Actuarial Pension Debt/Household $8,061 $1,393 $5,665
Actuarial Pension Debt/Capita $2,882 $500 $1,998
Actuarial Pension Debt/State General Fund Expenditures 1.36 0.23 0.89
Actuarial Pension Debt/State Total Expenditures 0.63 0.11 0.41
Actuarial Pension Debt/State Total General Fund Revenues 1.34 0.23 0.86
  • Variable

    Market Pension Debt/Household

    • 2018

      $9,245

    • 2017

      $5,676

    • 2016

      $32,426

    • 2015

      $27,714

    • 2014

      $29,079

    • 2013

      $26,882

    • 2012

      $31,499

    • 2011

      $20,821

    • 2010

      $23,686

    • 2009

      $20,100

    • 2008

      $15,292


  • Variable

    Market Pension Debt/Capita

    • 2018

      $3,260

    • 2017

      $2,038

    • 2016

      $11,593

    • 2015

      $9,847

    • 2014

      $10,332

    • 2013

      $9,543

    • 2012

      $11,219

    • 2011

      $7,415

    • 2010

      $8,491

    • 2009

      $14,496

    • 2008

      $11,165


  • Variable

    Market Pension Debt/State General Fund Expenditures

    • 2018

      1.46

    • 2017

      0.92

    • 2016

      5.45

    • 2015

      5.02

    • 2014

      5.54

    • 2013

      5.29

    • 2012

      6.45

    • 2011

      4.42

    • 2010

      5.66

    • 2009

      4.23

    • 2008

      2.96


  • Variable

    Market Pension Debt/State Total Expenditures

    • 2018

      0.67

    • 2017

      0.43

    • 2016

      2.52

    • 2015

      2.27

    • 2014

      2.40

    • 2013

      2.25

    • 2012

      2.70

    • 2011

      1.78

    • 2010

      2.02

    • 2009

      1.74

    • 2008

      1.38


  • Variable

    Market Pension Debt/State Total General Fund Revenues

    • 2018

      1.41

    • 2017

      0.93

    • 2016

      5.38

    • 2015

      5.08

    • 2014

      5.44

    • 2013

      5.21

    • 2012

      6.44

    • 2011

      4.39

    • 2010

      5.42

    • 2009

      4.16

    • 2008

      2.83


  • Variable

    Actuarial Pension Debt/Household

    • 2018

      $5,665

    • 2017

      $1,393

    • 2016

      $8,061

    • 2015

      $6,067

    • 2014

      $5,327

    • 2013

      $5,636

    • 2012

      $6,137

    • 2011

      $5,239

    • 2010

      $7,237

    • 2009

      $7,167

    • 2008

      $3,678


  • Variable

    Actuarial Pension Debt/Capita

    • 2018

      $1,998

    • 2017

      $500

    • 2016

      $2,882

    • 2015

      $2,155

    • 2014

      $1,893

    • 2013

      $2,001

    • 2012

      $2,186

    • 2011

      $1,866

    • 2010

      $2,594

    • 2009

      $5,169

    • 2008

      $2,686


  • Variable

    Actuarial Pension Debt/State General Fund Expenditures

    • 2018

      0.89

    • 2017

      0.23

    • 2016

      1.36

    • 2015

      1.10

    • 2014

      1.01

    • 2013

      1.11

    • 2012

      1.26

    • 2011

      1.11

    • 2010

      1.73

    • 2009

      1.51

    • 2008

      0.71


  • Variable

    Actuarial Pension Debt/State Total Expenditures

    • 2018

      0.41

    • 2017

      0.11

    • 2016

      0.63

    • 2015

      0.50

    • 2014

      0.44

    • 2013

      0.47

    • 2012

      0.53

    • 2011

      0.45

    • 2010

      0.62

    • 2009

      0.62

    • 2008

      0.33


  • Variable

    Actuarial Pension Debt/State Total General Fund Revenues

    • 2018

      0.86

    • 2017

      0.23

    • 2016

      1.34

    • 2015

      1.11

    • 2014

      1.00

    • 2013

      1.09

    • 2012

      1.26

    • 2011

      1.11

    • 2010

      1.66

    • 2009

      1.48

    • 2008

      0.68


*Recommended not to combine dollar and other categories.

Pension Tracker

Stanford Institute for Economic Policy Research
366 Galvez Street
Stanford, CA  94305-6050
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