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.

Hawaii, 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) $47,012,036 $47,570,990 $49,922,789
Value of Assets (thousands) $15,698,300 $16,598,000 $17,227,000
Market Pension Debt (thousands) $31,313,736 $30,972,990 $32,695,789
Market Discount Rate 3.00% 3.25% 3.25%
Actuarial Liability (thousands) $28,648,631 $29,917,401 $31,396,448
Actuarial Pension Debt (thousands) $12,950,331 $13,319,401 $14,169,448
Assumed Rate of Return 7.00% 7.00% 7.00%
  • Variable

    Market Liability (thousands)

    • 2019

      $49,922,789

    • 2018

      $47,570,990

    • 2017

      $47,012,036

    • 2016

      $48,715,873

    • 2015

      $40,463,176

    • 2014

      $41,770,220

    • 2013

      $38,602,126

    • 2012

      $41,622,655

    • 2011

      $32,999,311

    • 2010

      $32,425,543

    • 2009

      $28,925,336

    • 2008

      $26,246,904


  • Variable

    Value of Assets (thousands)

    • 2019

      $17,227,000

    • 2018

      $16,598,000

    • 2017

      $15,698,300

    • 2016

      $14,070,000

    • 2015

      $14,505,465

    • 2014

      $14,203,000

    • 2013

      $12,357,826

    • 2012

      $11,285,930

    • 2011

      $11,642,278

    • 2010

      $9,821,600

    • 2009

      $8,817,953

    • 2008

      $10,846,788


  • Variable

    Market Pension Debt (thousands)

    • 2019

      $32,695,789

    • 2018

      $30,972,990

    • 2017

      $31,313,736

    • 2016

      $34,645,873

    • 2015

      $25,957,711

    • 2014

      $27,567,220

    • 2013

      $26,244,300

    • 2012

      $30,336,725

    • 2011

      $21,357,033

    • 2010

      $22,603,943

    • 2009

      $20,107,383

    • 2008

      $15,400,116


  • 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

      $31,396,448

    • 2018

      $29,917,401

    • 2017

      $28,648,631

    • 2016

      $27,439,233

    • 2015

      $23,238,395

    • 2014

      $22,220,100

    • 2013

      $21,243,700

    • 2012

      $20,683,403

    • 2011

      $20,096,930

    • 2010

      $18,483,668

    • 2009

      $17,636,432

    • 2008

      $16,549,069


  • Variable

    Actuarial Pension Debt (thousands)

    • 2019

      $14,169,448

    • 2018

      $13,319,401

    • 2017

      $12,950,331

    • 2016

      $13,369,233

    • 2015

      $8,732,930

    • 2014

      $8,017,100

    • 2013

      $8,885,874

    • 2012

      $9,397,473

    • 2011

      $8,454,652

    • 2010

      $8,662,068

    • 2009

      $8,818,479

    • 2008

      $5,702,281


  • Variable

    Assumed Rate of Return

    • 2019

      7.00%

    • 2018

      7.00%

    • 2017

      7.00%

    • 2016

      7.65%

    • 2015

      7.75%

    • 2014

      7.75%

    • 2013

      7.75%

    • 2012

      7.75%

    • 2011

      7.75%

    • 2010

      8.00%

    • 2009

      8.00%

    • 2008

      8.00%


*Recommended not to combine dollar and other categories.

Funded Ratios

Variable 2017 2018 2019
Market Funded Ratio 33.4% 34.9% 34.5%
Actuarial Funded Ratio 54.8% 55.5% 54.9%
  • Variable

    Market Funded Ratio

    • 2019

      34.5%

    • 2018

      34.9%

    • 2017

      33.4%

    • 2016

      28.9%

    • 2015

      35.8%

    • 2014

      34.0%

    • 2013

      32.0%

    • 2012

      27.1%

    • 2011

      35.3%

    • 2010

      30.3%

    • 2009

      30.5%

    • 2008

      41.3%


  • Variable

    Actuarial Funded Ratio

    • 2019

      54.9%

    • 2018

      55.5%

    • 2017

      54.8%

    • 2016

      51.3%

    • 2015

      62.4%

    • 2014

      63.9%

    • 2013

      58.2%

    • 2012

      54.6%

    • 2011

      57.9%

    • 2010

      53.1%

    • 2009

      50.0%

    • 2008

      65.5%


*Recommended not to combine dollar and other categories.

State Demographics

Variable 2017 2018 2019
Population 1,427,538 1,420,491 1,415,872
Households 458,078 456,782 459,424
  • Variable

    Population

    • 2019

      1,415,872

    • 2018

      1,420,491

    • 2017

      1,427,538

    • 2016

      1,428,557

    • 2015

      1,431,603

    • 2014

      1,420,257

    • 2013

      1,408,765

    • 2012

      1,392,766

    • 2011

      1,378,251

    • 2010

      1,363,950

    • 2009

      1,346,717

    • 2008

      1,332,213


  • Variable

    Households

    • 2019

      459,424

    • 2018

      456,782

    • 2017

      458,078

    • 2016

      455,868

    • 2015

      454,370

    • 2014

      450,769

    • 2013

      450,120

    • 2012

      447,748

    • 2011

      448,563

    • 2010

      445,812

    • 2009

      446,136

    • 2008

      437,105


*Recommended not to combine dollar and other categories.

Budget & Revenue

Variable 2017 2018 2019
State General Fund Expenditures (thousands) $7,486,000 $7,804,000 $7,915,000
State Total Expenditures (thousands) $14,666,000 $15,199,000 $15,619,000
State Total General Fund Revenues (thousands) $7,352,000 $7,661,000 $7,917,000
  • Variable

    State General Fund Expenditures (thousands)

    • 2019

      $7,915,000

    • 2018

      $7,804,000

    • 2017

      $7,486,000

    • 2016

      $6,881,000

    • 2015

      $6,416,000

    • 2014

      $6,275,000

    • 2013

      $5,666,000

    • 2012

      $5,511,000

    • 2011

      $4,969,000

    • 2010

      $4,838,000

    • 2009

      $5,375,000

    • 2008

      $5,407,000


  • Variable

    State Total Expenditures (thousands)

    • 2019

      $15,619,000

    • 2018

      $15,199,000

    • 2017

      $14,666,000

    • 2016

      $13,835,000

    • 2015

      $12,869,000

    • 2014

      $12,603,000

    • 2013

      $11,584,000

    • 2012

      $11,494,000

    • 2011

      $11,221,000

    • 2010

      $10,948,000

    • 2009

      $11,822,000

    • 2008

      $11,160,000


  • Variable

    State Total General Fund Revenues (thousands)

    • 2019

      $7,917,000

    • 2018

      $7,661,000

    • 2017

      $7,352,000

    • 2016

      $7,082,000

    • 2015

      $6,577,000

    • 2014

      $6,096,000

    • 2013

      $6,234,000

    • 2012

      $5,661,000

    • 2011

      $5,153,000

    • 2010

      $4,853,000

    • 2009

      $5,008,000

    • 2008

      $5,245,000


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2017 2018 2019
Market Pension Debt/Household $68,359 $67,807 $71,167
Market Pension Debt/Capita $21,935 $21,804 $23,092
Market Pension Debt/State General Fund Expenditures 4.18 3.97 4.13
Market Pension Debt/State Total Expenditures 2.14 2.04 2.09
Market Pension Debt/State Total General Fund Revenues 4.26 4.04 4.13
Actuarial Pension Debt/Household $28,271 $29,159 $30,842
Actuarial Pension Debt/Capita $9,072 $9,377 $10,008
Actuarial Pension Debt/State General Fund Expenditures 1.73 1.71 1.79
Actuarial Pension Debt/State Total Expenditures 0.88 0.88 0.91
Actuarial Pension Debt/State Total General Fund Revenues 1.76 1.74 1.79
  • Variable

    Market Pension Debt/Household

    • 2019

      $71,167

    • 2018

      $67,807

    • 2017

      $68,359

    • 2016

      $76,000

    • 2015

      $57,129

    • 2014

      $61,156

    • 2013

      $58,305

    • 2012

      $67,754

    • 2011

      $47,612

    • 2010

      $50,703

    • 2009

      $45,070

    • 2008

      $35,232


  • Variable

    Market Pension Debt/Capita

    • 2019

      $23,092

    • 2018

      $21,804

    • 2017

      $21,935

    • 2016

      $24,252

    • 2015

      $18,132

    • 2014

      $19,410

    • 2013

      $18,629

    • 2012

      $21,782

    • 2011

      $15,496

    • 2010

      $16,572

    • 2009

      $14,931

    • 2008

      $11,560


  • Variable

    Market Pension Debt/State General Fund Expenditures

    • 2019

      4.13

    • 2018

      3.97

    • 2017

      4.18

    • 2016

      5.04

    • 2015

      4.05

    • 2014

      4.39

    • 2013

      4.63

    • 2012

      5.50

    • 2011

      4.30

    • 2010

      4.67

    • 2009

      3.74

    • 2008

      2.85


  • Variable

    Market Pension Debt/State Total Expenditures

    • 2019

      2.09

    • 2018

      2.04

    • 2017

      2.14

    • 2016

      2.50

    • 2015

      2.02

    • 2014

      2.19

    • 2013

      2.27

    • 2012

      2.64

    • 2011

      1.90

    • 2010

      2.06

    • 2009

      1.70

    • 2008

      1.38


  • Variable

    Market Pension Debt/State Total General Fund Revenues

    • 2019

      4.13

    • 2018

      4.04

    • 2017

      4.26

    • 2016

      4.89

    • 2015

      3.95

    • 2014

      4.52

    • 2013

      4.21

    • 2012

      5.36

    • 2011

      4.14

    • 2010

      4.66

    • 2009

      4.02

    • 2008

      2.94


  • Variable

    Actuarial Pension Debt/Household

    • 2019

      $30,842

    • 2018

      $29,159

    • 2017

      $28,271

    • 2016

      $29,327

    • 2015

      $19,220

    • 2014

      $17,785

    • 2013

      $19,741

    • 2012

      $20,988

    • 2011

      $18,848

    • 2010

      $19,430

    • 2009

      $19,766

    • 2008

      $13,046


  • Variable

    Actuarial Pension Debt/Capita

    • 2019

      $10,008

    • 2018

      $9,377

    • 2017

      $9,072

    • 2016

      $9,359

    • 2015

      $6,100

    • 2014

      $5,645

    • 2013

      $6,308

    • 2012

      $6,747

    • 2011

      $6,134

    • 2010

      $6,351

    • 2009

      $6,548

    • 2008

      $4,280


  • Variable

    Actuarial Pension Debt/State General Fund Expenditures

    • 2019

      1.79

    • 2018

      1.71

    • 2017

      1.73

    • 2016

      1.94

    • 2015

      1.36

    • 2014

      1.28

    • 2013

      1.57

    • 2012

      1.71

    • 2011

      1.70

    • 2010

      1.79

    • 2009

      1.64

    • 2008

      1.05


  • Variable

    Actuarial Pension Debt/State Total Expenditures

    • 2019

      0.91

    • 2018

      0.88

    • 2017

      0.88

    • 2016

      0.97

    • 2015

      0.68

    • 2014

      0.64

    • 2013

      0.77

    • 2012

      0.82

    • 2011

      0.75

    • 2010

      0.79

    • 2009

      0.75

    • 2008

      0.51


  • Variable

    Actuarial Pension Debt/State Total General Fund Revenues

    • 2019

      1.79

    • 2018

      1.74

    • 2017

      1.76

    • 2016

      1.89

    • 2015

      1.33

    • 2014

      1.32

    • 2013

      1.43

    • 2012

      1.66

    • 2011

      1.64

    • 2010

      1.78

    • 2009

      1.76

    • 2008

      1.09


*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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