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.

Oklahoma, 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) $73,153,824 $73,548,137 $70,487,264
Value of Assets (thousands) $29,358,603 $32,433,849 $34,772,556
Market Pension Debt (thousands) $43,795,221 $41,114,288 $35,714,707
Market Discount Rate 3.00% 3.00% 3.25%
Actuarial Liability (thousands) $41,093,325 $41,683,635 $42,498,948
Actuarial Pension Debt (thousands) $11,734,722 $9,249,785 $7,726,392
Assumed Rate of Return 7.67% 7.60% 7.35%
  • Variable

    Market Liability (thousands)

    • 2018

      $70,487,264

    • 2017

      $73,548,137

    • 2016

      $73,153,824

    • 2015

      $67,189,668

    • 2014

      $68,824,489

    • 2013

      $64,592,076

    • 2012

      $69,982,960

    • 2011

      $54,597,798

    • 2010

      $65,072,440

    • 2009

      $58,204,260

    • 2008

      $53,965,300


  • Variable

    Value of Assets (thousands)

    • 2018

      $34,772,556

    • 2017

      $32,433,849

    • 2016

      $29,358,603

    • 2015

      $30,396,697

    • 2014

      $29,788,846

    • 2013

      $25,390,940

    • 2012

      $22,704,177

    • 2011

      $22,641,406

    • 2010

      $19,059,473

    • 2009

      $17,149,324

    • 2008

      $20,697,101


  • Variable

    Market Pension Debt (thousands)

    • 2018

      $35,714,707

    • 2017

      $41,114,288

    • 2016

      $43,795,221

    • 2015

      $36,792,971

    • 2014

      $39,035,643

    • 2013

      $39,201,136

    • 2012

      $47,278,783

    • 2011

      $31,956,392

    • 2010

      $46,012,967

    • 2009

      $41,054,936

    • 2008

      $33,268,199


  • 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

      $42,498,948

    • 2017

      $41,683,635

    • 2016

      $41,093,325

    • 2015

      $38,598,811

    • 2014

      $36,611,897

    • 2013

      $35,592,827

    • 2012

      $34,866,888

    • 2011

      $33,337,163

    • 2010

      $38,416,459

    • 2009

      $36,754,154

    • 2008

      $35,239,474


  • Variable

    Actuarial Pension Debt (thousands)

    • 2018

      $7,726,392

    • 2017

      $9,249,785

    • 2016

      $11,734,722

    • 2015

      $8,202,114

    • 2014

      $6,823,051

    • 2013

      $10,201,887

    • 2012

      $12,162,711

    • 2011

      $10,695,757

    • 2010

      $19,356,985

    • 2009

      $19,604,830

    • 2008

      $14,542,374


  • Variable

    Assumed Rate of Return

    • 2018

      7.35%

    • 2017

      7.60%

    • 2016

      7.67%

    • 2015

      7.75%

    • 2014

      7.75%

    • 2013

      7.74%

    • 2012

      7.73%

    • 2011

      7.73%

    • 2010

      7.73%

    • 2009

      7.73%

    • 2008

      7.73%


*Recommended not to combine dollar and other categories.

Funded Ratios

Variable 2016 2017 2018
Market Funded Ratio 40.1% 44.1% 49.3%
Actuarial Funded Ratio 71.4% 77.8% 81.8%
  • Variable

    Market Funded Ratio

    • 2018

      49.3%

    • 2017

      44.1%

    • 2016

      40.1%

    • 2015

      45.2%

    • 2014

      43.3%

    • 2013

      39.3%

    • 2012

      32.4%

    • 2011

      41.5%

    • 2010

      29.3%

    • 2009

      29.5%

    • 2008

      38.4%


  • Variable

    Actuarial Funded Ratio

    • 2018

      81.8%

    • 2017

      77.8%

    • 2016

      71.4%

    • 2015

      78.8%

    • 2014

      81.4%

    • 2013

      71.3%

    • 2012

      65.1%

    • 2011

      67.9%

    • 2010

      49.6%

    • 2009

      46.7%

    • 2008

      58.7%


*Recommended not to combine dollar and other categories.

State Demographics

Variable 2016 2017 2018
Population 3,923,561 3,930,864 3,943,079
Households 1,469,342 1,470,364 1,474,620
  • Variable

    Population

    • 2018

      3,943,079

    • 2017

      3,930,864

    • 2016

      3,923,561

    • 2015

      3,911,338

    • 2014

      3,879,610

    • 2013

      3,853,405

    • 2012

      3,817,059

    • 2011

      3,786,527

    • 2010

      3,759,481

    • 2009

      3,717,572

    • 2008

      3,668,976


  • Variable

    Households

    • 2018

      1,474,620

    • 2017

      1,470,364

    • 2016

      1,469,342

    • 2015

      1,471,697

    • 2014

      1,459,759

    • 2013

      1,447,277

    • 2012

      1,446,667

    • 2011

      1,442,731

    • 2010

      1,432,959

    • 2009

      1,430,019

    • 2008

      1,407,933


*Recommended not to combine dollar and other categories.

Budget & Revenue

Variable 2016 2017 2018
State General Fund Expenditures (thousands) $6,555,000 $6,043,000 $5,854,000
State Total Expenditures (thousands) $22,719,000 $23,278,000 $22,669,000
State Total General Fund Revenues (thousands) $5,934,000 $5,044,300 $5,854,200
  • Variable

    State General Fund Expenditures (thousands)

    • 2018

      $5,854,000

    • 2017

      $6,043,000

    • 2016

      $6,555,000

    • 2015

      $6,909,000

    • 2014

      $6,859,000

    • 2013

      $6,630,000

    • 2012

      $6,575,000

    • 2011

      $6,152,000

    • 2010

      $4,755,000

    • 2009

      $6,817,000

    • 2008

      $6,793,000


  • Variable

    State Total Expenditures (thousands)

    • 2018

      $22,669,000

    • 2017

      $23,278,000

    • 2016

      $22,719,000

    • 2015

      $22,388,000

    • 2014

      $22,381,000

    • 2013

      $21,430,000

    • 2012

      $20,931,000

    • 2011

      $21,165,000

    • 2010

      $20,874,000

    • 2009

      $21,635,000

    • 2008

      $20,730,000


  • Variable

    State Total General Fund Revenues (thousands)

    • 2018

      $5,854,200

    • 2017

      $5,044,300

    • 2016

      $5,934,000

    • 2015

      $5,727,000

    • 2014

      $5,628,000

    • 2013

      $5,604,000

    • 2012

      $5,565,000

    • 2011

      $5,137,000

    • 2010

      $4,675,000

    • 2009

      $5,545,000

    • 2008

      $5,981,000


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2016 2017 2018
Market Pension Debt/Household $29,806 $27,962 $24,220
Market Pension Debt/Capita $11,162 $10,459 $9,058
Market Pension Debt/State General Fund Expenditures 6.68 6.80 6.10
Market Pension Debt/State Total Expenditures 1.93 1.77 1.58
Market Pension Debt/State Total General Fund Revenues 7.38 8.15 6.10
Actuarial Pension Debt/Household $7,986 $6,291 $5,240
Actuarial Pension Debt/Capita $2,991 $2,353 $1,959
Actuarial Pension Debt/State General Fund Expenditures 1.79 1.53 1.32
Actuarial Pension Debt/State Total Expenditures 0.52 0.40 0.34
Actuarial Pension Debt/State Total General Fund Revenues 1.98 1.83 1.32
  • Variable

    Market Pension Debt/Household

    • 2018

      $24,220

    • 2017

      $27,962

    • 2016

      $29,806

    • 2015

      $25,000

    • 2014

      $26,741

    • 2013

      $27,086

    • 2012

      $32,681

    • 2011

      $22,150

    • 2010

      $32,110

    • 2009

      $28,709

    • 2008

      $23,629


  • Variable

    Market Pension Debt/Capita

    • 2018

      $9,058

    • 2017

      $10,459

    • 2016

      $11,162

    • 2015

      $9,407

    • 2014

      $10,062

    • 2013

      $10,173

    • 2012

      $12,386

    • 2011

      $8,439

    • 2010

      $12,239

    • 2009

      $11,043

    • 2008

      $9,067


  • Variable

    Market Pension Debt/State General Fund Expenditures

    • 2018

      6.10

    • 2017

      6.80

    • 2016

      6.68

    • 2015

      5.33

    • 2014

      5.69

    • 2013

      5.91

    • 2012

      7.19

    • 2011

      5.19

    • 2010

      9.68

    • 2009

      6.02

    • 2008

      4.90


  • Variable

    Market Pension Debt/State Total Expenditures

    • 2018

      1.58

    • 2017

      1.77

    • 2016

      1.93

    • 2015

      1.64

    • 2014

      1.74

    • 2013

      1.83

    • 2012

      2.26

    • 2011

      1.51

    • 2010

      2.20

    • 2009

      1.90

    • 2008

      1.60


  • Variable

    Market Pension Debt/State Total General Fund Revenues

    • 2018

      6.10

    • 2017

      8.15

    • 2016

      7.38

    • 2015

      6.42

    • 2014

      6.94

    • 2013

      7.00

    • 2012

      8.50

    • 2011

      6.22

    • 2010

      9.84

    • 2009

      7.40

    • 2008

      5.56


  • Variable

    Actuarial Pension Debt/Household

    • 2018

      $5,240

    • 2017

      $6,291

    • 2016

      $7,986

    • 2015

      $5,573

    • 2014

      $4,674

    • 2013

      $7,049

    • 2012

      $8,407

    • 2011

      $7,414

    • 2010

      $13,508

    • 2009

      $13,709

    • 2008

      $10,329


  • Variable

    Actuarial Pension Debt/Capita

    • 2018

      $1,959

    • 2017

      $2,353

    • 2016

      $2,991

    • 2015

      $2,097

    • 2014

      $1,759

    • 2013

      $2,647

    • 2012

      $3,186

    • 2011

      $2,825

    • 2010

      $5,149

    • 2009

      $5,274

    • 2008

      $3,964


  • Variable

    Actuarial Pension Debt/State General Fund Expenditures

    • 2018

      1.32

    • 2017

      1.53

    • 2016

      1.79

    • 2015

      1.19

    • 2014

      0.99

    • 2013

      1.54

    • 2012

      1.85

    • 2011

      1.74

    • 2010

      4.07

    • 2009

      2.88

    • 2008

      2.14


  • Variable

    Actuarial Pension Debt/State Total Expenditures

    • 2018

      0.34

    • 2017

      0.40

    • 2016

      0.52

    • 2015

      0.37

    • 2014

      0.30

    • 2013

      0.48

    • 2012

      0.58

    • 2011

      0.51

    • 2010

      0.93

    • 2009

      0.91

    • 2008

      0.70


  • Variable

    Actuarial Pension Debt/State Total General Fund Revenues

    • 2018

      1.32

    • 2017

      1.83

    • 2016

      1.98

    • 2015

      1.43

    • 2014

      1.21

    • 2013

      1.82

    • 2012

      2.19

    • 2011

      2.08

    • 2010

      4.14

    • 2009

      3.54

    • 2008

      2.43


*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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