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.

Mississippi, 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) $79,081,175 $78,796,096 $81,607,055
Value of Assets (thousands) $27,060,727 $28,289,672 $28,739,839
Market Pension Debt (thousands) $52,020,448 $50,506,424 $52,867,216
Market Discount Rate 3.00% 3.25% 3.25%
Actuarial Liability (thousands) $44,008,079 $45,253,363 $46,867,724
Actuarial Pension Debt (thousands) $16,947,352 $16,963,691 $18,127,885
Assumed Rate of Return 7.75% 7.75% 7.75%
  • Variable

    Market Liability (thousands)

    • 2019

      $81,607,055

    • 2018

      $78,796,096

    • 2017

      $79,081,175

    • 2016

      $76,988,527

    • 2015

      $71,747,220

    • 2014

      $73,443,418

    • 2013

      $68,218,839

    • 2012

      $73,359,269

    • 2011

      $56,738,299

    • 2010

      $56,490,021

    • 2009

      $51,477,090

    • 2008

      $46,469,971


  • Variable

    Value of Assets (thousands)

    • 2019

      $28,739,839

    • 2018

      $28,289,672

    • 2017

      $27,060,727

    • 2016

      $24,982,007

    • 2015

      $25,416,205

    • 2014

      $25,399,322

    • 2013

      $22,154,966

    • 2012

      $20,213,703

    • 2011

      $20,833,787

    • 2010

      $17,175,148

    • 2009

      $15,496,861

    • 2008

      $19,732,832


  • Variable

    Market Pension Debt (thousands)

    • 2019

      $52,867,216

    • 2018

      $50,506,424

    • 2017

      $52,020,448

    • 2016

      $52,006,520

    • 2015

      $46,331,015

    • 2014

      $48,044,096

    • 2013

      $46,063,873

    • 2012

      $53,145,566

    • 2011

      $35,904,512

    • 2010

      $39,314,873

    • 2009

      $35,980,229

    • 2008

      $26,737,139


  • 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

      $46,867,724

    • 2018

      $45,253,363

    • 2017

      $44,008,079

    • 2016

      $42,843,536

    • 2015

      $41,205,125

    • 2014

      $37,821,735

    • 2013

      $36,343,989

    • 2012

      $35,290,396

    • 2011

      $33,451,106

    • 2010

      $32,201,243

    • 2009

      $31,386,747

    • 2008

      $29,300,018


  • Variable

    Actuarial Pension Debt (thousands)

    • 2019

      $18,127,885

    • 2018

      $16,963,691

    • 2017

      $16,947,352

    • 2016

      $17,861,529

    • 2015

      $15,788,920

    • 2014

      $12,422,413

    • 2013

      $14,189,023

    • 2012

      $15,076,693

    • 2011

      $12,617,319

    • 2010

      $15,026,095

    • 2009

      $15,889,886

    • 2008

      $9,567,186


  • Variable

    Assumed Rate of Return

    • 2019

      7.75%

    • 2018

      7.75%

    • 2017

      7.75%

    • 2016

      7.75%

    • 2015

      7.75%

    • 2014

      8.00%

    • 2013

      8.00%

    • 2012

      8.00%

    • 2011

      8.00%

    • 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 34.2% 35.9% 35.2%
Actuarial Funded Ratio 61.5% 62.5% 61.3%
  • Variable

    Market Funded Ratio

    • 2019

      35.2%

    • 2018

      35.9%

    • 2017

      34.2%

    • 2016

      32.5%

    • 2015

      35.4%

    • 2014

      34.6%

    • 2013

      32.5%

    • 2012

      27.6%

    • 2011

      36.7%

    • 2010

      30.4%

    • 2009

      30.1%

    • 2008

      42.5%


  • Variable

    Actuarial Funded Ratio

    • 2019

      61.3%

    • 2018

      62.5%

    • 2017

      61.5%

    • 2016

      58.3%

    • 2015

      61.7%

    • 2014

      67.2%

    • 2013

      61.0%

    • 2012

      57.3%

    • 2011

      62.3%

    • 2010

      53.3%

    • 2009

      49.4%

    • 2008

      67.4%


*Recommended not to combine dollar and other categories.

State Demographics

Variable 2017 2018 2019
Population 2,984,100 2,986,530 2,976,149
Households 1,091,980 1,105,576 1,104,394
  • Variable

    Population

    • 2019

      2,976,149

    • 2018

      2,986,530

    • 2017

      2,984,100

    • 2016

      2,988,726

    • 2015

      2,992,333

    • 2014

      2,993,443

    • 2013

      2,990,976

    • 2012

      2,986,137

    • 2011

      2,978,464

    • 2010

      2,970,811

    • 2009

      2,958,774

    • 2008

      2,947,806


  • Variable

    Households

    • 2019

      1,104,394

    • 2018

      1,105,576

    • 2017

      1,091,980

    • 2016

      1,091,245

    • 2015

      1,095,417

    • 2014

      1,095,823

    • 2013

      1,091,002

    • 2012

      1,090,521

    • 2011

      1,080,991

    • 2010

      1,079,999

    • 2009

      1,095,026

    • 2008

      1,094,208


*Recommended not to combine dollar and other categories.

Budget & Revenue

Variable 2017 2018 2019
State General Fund Expenditures (thousands) $5,757,400 $5,574,900 $5,548,200
State Total Expenditures (thousands) $22,377,000 $19,652,800 $22,024,100
State Total General Fund Revenues (thousands) $5,519,000 $5,691,600 $5,780,500
  • Variable

    State General Fund Expenditures (thousands)

    • 2019

      $5,548,200

    • 2018

      $5,574,900

    • 2017

      $5,757,400

    • 2016

      $5,693,000

    • 2015

      $5,504,000

    • 2014

      $5,023,000

    • 2013

      $4,699,000

    • 2012

      $4,526,000

    • 2011

      $4,367,000

    • 2010

      $4,454,000

    • 2009

      $4,802,000

    • 2008

      $4,842,000


  • Variable

    State Total Expenditures (thousands)

    • 2019

      $22,024,100

    • 2018

      $19,652,800

    • 2017

      $22,377,000

    • 2016

      $22,320,000

    • 2015

      $21,199,000

    • 2014

      $18,558,000

    • 2013

      $19,195,000

    • 2012

      $18,035,000

    • 2011

      $18,360,000

    • 2010

      $22,758,000

    • 2009

      $17,382,000

    • 2008

      $15,539,000


  • Variable

    State Total General Fund Revenues (thousands)

    • 2019

      $5,780,500

    • 2018

      $5,691,600

    • 2017

      $5,519,000

    • 2016

      $5,695,000

    • 2015

      $5,535,000

    • 2014

      $5,403,000

    • 2013

      $5,119,000

    • 2012

      $4,769,000

    • 2011

      $4,501,000

    • 2010

      $4,497,000

    • 2009

      $4,730,000

    • 2008

      $4,938,000


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2017 2018 2019
Market Pension Debt/Household $47,639 $45,683 $47,870
Market Pension Debt/Capita $17,433 $16,911 $17,764
Market Pension Debt/State General Fund Expenditures 9.04 9.06 9.53
Market Pension Debt/State Total Expenditures 2.32 2.57 2.40
Market Pension Debt/State Total General Fund Revenues 9.43 8.87 9.15
Actuarial Pension Debt/Household $15,520 $15,344 $16,414
Actuarial Pension Debt/Capita $5,679 $5,680 $6,091
Actuarial Pension Debt/State General Fund Expenditures 2.94 3.04 3.27
Actuarial Pension Debt/State Total Expenditures 0.76 0.86 0.82
Actuarial Pension Debt/State Total General Fund Revenues 3.07 2.98 3.14
  • Variable

    Market Pension Debt/Household

    • 2019

      $47,870

    • 2018

      $45,683

    • 2017

      $47,639

    • 2016

      $47,658

    • 2015

      $42,295

    • 2014

      $43,843

    • 2013

      $42,222

    • 2012

      $48,734

    • 2011

      $33,214

    • 2010

      $36,403

    • 2009

      $32,858

    • 2008

      $24,435


  • Variable

    Market Pension Debt/Capita

    • 2019

      $17,764

    • 2018

      $16,911

    • 2017

      $17,433

    • 2016

      $17,401

    • 2015

      $15,483

    • 2014

      $16,050

    • 2013

      $15,401

    • 2012

      $17,797

    • 2011

      $12,055

    • 2010

      $13,234

    • 2009

      $12,161

    • 2008

      $9,070


  • Variable

    Market Pension Debt/State General Fund Expenditures

    • 2019

      9.53

    • 2018

      9.06

    • 2017

      9.04

    • 2016

      9.14

    • 2015

      8.42

    • 2014

      9.56

    • 2013

      9.80

    • 2012

      11.74

    • 2011

      8.22

    • 2010

      8.83

    • 2009

      7.49

    • 2008

      5.52


  • Variable

    Market Pension Debt/State Total Expenditures

    • 2019

      2.40

    • 2018

      2.57

    • 2017

      2.32

    • 2016

      2.33

    • 2015

      2.19

    • 2014

      2.59

    • 2013

      2.40

    • 2012

      2.95

    • 2011

      1.96

    • 2010

      1.73

    • 2009

      2.07

    • 2008

      1.72


  • Variable

    Market Pension Debt/State Total General Fund Revenues

    • 2019

      9.15

    • 2018

      8.87

    • 2017

      9.43

    • 2016

      9.13

    • 2015

      8.37

    • 2014

      8.89

    • 2013

      9.00

    • 2012

      11.14

    • 2011

      7.98

    • 2010

      8.74

    • 2009

      7.61

    • 2008

      5.41


  • Variable

    Actuarial Pension Debt/Household

    • 2019

      $16,414

    • 2018

      $15,344

    • 2017

      $15,520

    • 2016

      $16,368

    • 2015

      $14,414

    • 2014

      $11,336

    • 2013

      $13,005

    • 2012

      $13,825

    • 2011

      $11,672

    • 2010

      $13,913

    • 2009

      $14,511

    • 2008

      $8,743


  • Variable

    Actuarial Pension Debt/Capita

    • 2019

      $6,091

    • 2018

      $5,680

    • 2017

      $5,679

    • 2016

      $5,976

    • 2015

      $5,276

    • 2014

      $4,150

    • 2013

      $4,744

    • 2012

      $5,049

    • 2011

      $4,236

    • 2010

      $5,058

    • 2009

      $5,370

    • 2008

      $3,246


  • Variable

    Actuarial Pension Debt/State General Fund Expenditures

    • 2019

      3.27

    • 2018

      3.04

    • 2017

      2.94

    • 2016

      3.14

    • 2015

      2.87

    • 2014

      2.47

    • 2013

      3.02

    • 2012

      3.33

    • 2011

      2.89

    • 2010

      3.37

    • 2009

      3.31

    • 2008

      1.98


  • Variable

    Actuarial Pension Debt/State Total Expenditures

    • 2019

      0.82

    • 2018

      0.86

    • 2017

      0.76

    • 2016

      0.80

    • 2015

      0.74

    • 2014

      0.67

    • 2013

      0.74

    • 2012

      0.84

    • 2011

      0.69

    • 2010

      0.66

    • 2009

      0.91

    • 2008

      0.62


  • Variable

    Actuarial Pension Debt/State Total General Fund Revenues

    • 2019

      3.14

    • 2018

      2.98

    • 2017

      3.07

    • 2016

      3.14

    • 2015

      2.85

    • 2014

      2.30

    • 2013

      2.77

    • 2012

      3.16

    • 2011

      2.80

    • 2010

      3.34

    • 2009

      3.36

    • 2008

      1.94


*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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