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.

South Carolina, 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) $98,931,863 $96,008,896 $96,545,052
Value of Assets (thousands) $30,666,999 $31,304,660 $32,389,477
Market Pension Debt (thousands) $68,264,864 $64,704,236 $64,155,575
Market Discount Rate 3.00% 3.25% 3.25%
Actuarial Liability (thousands) $56,754,632 $57,093,782 $58,902,794
Actuarial Pension Debt (thousands) $26,087,633 $25,789,122 $26,513,317
Assumed Rate of Return 7.50% 7.46% 7.25%
  • Variable

    Market Liability (thousands)

    • 2019

      $96,545,052

    • 2018

      $96,008,896

    • 2017

      $98,931,863

    • 2016

      $93,517,378

    • 2015

      $86,782,976

    • 2014

      $89,673,122

    • 2013

      $83,257,889

    • 2012

      $88,206,245

    • 2011

      $71,996,491

    • 2010

      $77,258,664

    • 2009

      $69,092,726

    • 2008

      $64,044,103


  • Variable

    Value of Assets (thousands)

    • 2019

      $32,389,477

    • 2018

      $31,304,660

    • 2017

      $30,666,999

    • 2016

      $28,484,687

    • 2015

      $29,700,487

    • 2014

      $29,978,201

    • 2013

      $26,544,895

    • 2012

      $25,022,588

    • 2011

      $25,935,796

    • 2010

      $22,731,376

    • 2009

      $20,389,384

    • 2008

      $26,493,672


  • Variable

    Market Pension Debt (thousands)

    • 2019

      $64,155,575

    • 2018

      $64,704,236

    • 2017

      $68,264,864

    • 2016

      $65,032,691

    • 2015

      $57,082,489

    • 2014

      $59,694,921

    • 2013

      $56,712,994

    • 2012

      $63,183,657

    • 2011

      $46,060,695

    • 2010

      $54,527,288

    • 2009

      $48,703,342

    • 2008

      $37,550,431


  • 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

      $58,902,794

    • 2018

      $57,093,782

    • 2017

      $56,754,632

    • 2016

      $53,637,213

    • 2015

      $51,368,311

    • 2014

      $49,279,346

    • 2013

      $47,333,404

    • 2012

      $45,280,890

    • 2011

      $45,295,972

    • 2010

      $44,040,080

    • 2009

      $42,127,399

    • 2008

      $40,380,774


  • Variable

    Actuarial Pension Debt (thousands)

    • 2019

      $26,513,317

    • 2018

      $25,789,122

    • 2017

      $26,087,633

    • 2016

      $25,152,527

    • 2015

      $21,667,824

    • 2014

      $19,301,145

    • 2013

      $20,788,510

    • 2012

      $20,258,302

    • 2011

      $19,360,175

    • 2010

      $21,308,703

    • 2009

      $21,738,015

    • 2008

      $13,887,102


  • Variable

    Assumed Rate of Return

    • 2019

      7.25%

    • 2018

      7.46%

    • 2017

      7.50%

    • 2016

      7.50%

    • 2015

      7.50%

    • 2014

      7.50%

    • 2013

      7.50%

    • 2012

      7.50%

    • 2011

      7.50%

    • 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 31.0% 32.6% 33.5%
Actuarial Funded Ratio 54.0% 54.8% 55.0%
  • Variable

    Market Funded Ratio

    • 2019

      33.5%

    • 2018

      32.6%

    • 2017

      31.0%

    • 2016

      30.5%

    • 2015

      34.2%

    • 2014

      33.4%

    • 2013

      31.9%

    • 2012

      28.4%

    • 2011

      36.0%

    • 2010

      29.4%

    • 2009

      29.5%

    • 2008

      41.4%


  • Variable

    Actuarial Funded Ratio

    • 2019

      55.0%

    • 2018

      54.8%

    • 2017

      54.0%

    • 2016

      53.1%

    • 2015

      57.8%

    • 2014

      60.8%

    • 2013

      56.1%

    • 2012

      55.3%

    • 2011

      57.3%

    • 2010

      51.6%

    • 2009

      48.4%

    • 2008

      65.6%


*Recommended not to combine dollar and other categories.

State Demographics

Variable 2017 2018 2019
Population 5,024,369 5,084,127 5,148,714
Households 1,905,100 1,895,711 1,921,862
  • Variable

    Population

    • 2019

      5,148,714

    • 2018

      5,084,127

    • 2017

      5,024,369

    • 2016

      4,961,119

    • 2015

      4,896,146

    • 2014

      4,829,160

    • 2013

      4,768,498

    • 2012

      4,722,621

    • 2011

      4,673,054

    • 2010

      4,636,290

    • 2009

      4,589,872

    • 2008

      4,528,996


  • Variable

    Households

    • 2019

      1,921,862

    • 2018

      1,895,711

    • 2017

      1,905,100

    • 2016

      1,877,887

    • 2015

      1,852,255

    • 2014

      1,826,914

    • 2013

      1,794,989

    • 2012

      1,787,340

    • 2011

      1,768,834

    • 2010

      1,761,393

    • 2009

      1,730,232

    • 2008

      1,702,300


*Recommended not to combine dollar and other categories.

Budget & Revenue

Variable 2017 2018 2019
State General Fund Expenditures (thousands) $7,829,000 $8,056,000 $8,294,000
State Total Expenditures (thousands) $24,573,000 $25,257,000 $25,658,000
State Total General Fund Revenues (thousands) $8,159,000 $8,706,000 $9,403,000
  • Variable

    State General Fund Expenditures (thousands)

    • 2019

      $8,294,000

    • 2018

      $8,056,000

    • 2017

      $7,829,000

    • 2016

      $7,319,000

    • 2015

      $6,851,000

    • 2014

      $6,329,000

    • 2013

      $6,200,000

    • 2012

      $5,517,000

    • 2011

      $5,275,000

    • 2010

      $5,146,000

    • 2009

      $5,812,000

    • 2008

      $7,149,000


  • Variable

    State Total Expenditures (thousands)

    • 2019

      $25,658,000

    • 2018

      $25,257,000

    • 2017

      $24,573,000

    • 2016

      $23,074,000

    • 2015

      $22,655,000

    • 2014

      $22,040,000

    • 2013

      $22,208,000

    • 2012

      $22,088,000

    • 2011

      $22,188,000

    • 2010

      $19,702,000

    • 2009

      $20,766,000

    • 2008

      $20,787,000


  • Variable

    State Total General Fund Revenues (thousands)

    • 2019

      $9,403,000

    • 2018

      $8,706,000

    • 2017

      $8,159,000

    • 2016

      $7,271,000

    • 2015

      $6,960,000

    • 2014

      $6,552,000

    • 2013

      $6,389,000

    • 2012

      $5,858,000

    • 2011

      $5,633,000

    • 2010

      $5,255,000

    • 2009

      $5,544,000

    • 2008

      $6,392,000


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2017 2018 2019
Market Pension Debt/Household $35,833 $34,132 $33,382
Market Pension Debt/Capita $13,587 $12,727 $12,461
Market Pension Debt/State General Fund Expenditures 8.72 8.03 7.74
Market Pension Debt/State Total Expenditures 2.78 2.56 2.50
Market Pension Debt/State Total General Fund Revenues 8.37 7.43 6.82
Actuarial Pension Debt/Household $13,694 $13,604 $13,796
Actuarial Pension Debt/Capita $5,192 $5,072 $5,150
Actuarial Pension Debt/State General Fund Expenditures 3.33 3.20 3.20
Actuarial Pension Debt/State Total Expenditures 1.06 1.02 1.03
Actuarial Pension Debt/State Total General Fund Revenues 3.20 2.96 2.82
  • Variable

    Market Pension Debt/Household

    • 2019

      $33,382

    • 2018

      $34,132

    • 2017

      $35,833

    • 2016

      $34,631

    • 2015

      $30,818

    • 2014

      $32,675

    • 2013

      $31,595

    • 2012

      $35,351

    • 2011

      $26,040

    • 2010

      $30,957

    • 2009

      $28,148

    • 2008

      $22,059


  • Variable

    Market Pension Debt/Capita

    • 2019

      $12,461

    • 2018

      $12,727

    • 2017

      $13,587

    • 2016

      $13,108

    • 2015

      $11,659

    • 2014

      $12,361

    • 2013

      $11,893

    • 2012

      $13,379

    • 2011

      $9,857

    • 2010

      $11,761

    • 2009

      $10,611

    • 2008

      $8,291


  • Variable

    Market Pension Debt/State General Fund Expenditures

    • 2019

      7.74

    • 2018

      8.03

    • 2017

      8.72

    • 2016

      8.89

    • 2015

      8.33

    • 2014

      9.43

    • 2013

      9.15

    • 2012

      11.45

    • 2011

      8.73

    • 2010

      10.60

    • 2009

      8.38

    • 2008

      5.25


  • Variable

    Market Pension Debt/State Total Expenditures

    • 2019

      2.50

    • 2018

      2.56

    • 2017

      2.78

    • 2016

      2.82

    • 2015

      2.52

    • 2014

      2.71

    • 2013

      2.55

    • 2012

      2.86

    • 2011

      2.08

    • 2010

      2.77

    • 2009

      2.35

    • 2008

      1.81


  • Variable

    Market Pension Debt/State Total General Fund Revenues

    • 2019

      6.82

    • 2018

      7.43

    • 2017

      8.37

    • 2016

      8.94

    • 2015

      8.20

    • 2014

      9.11

    • 2013

      8.88

    • 2012

      10.79

    • 2011

      8.18

    • 2010

      10.38

    • 2009

      8.78

    • 2008

      5.87


  • Variable

    Actuarial Pension Debt/Household

    • 2019

      $13,796

    • 2018

      $13,604

    • 2017

      $13,694

    • 2016

      $13,394

    • 2015

      $11,698

    • 2014

      $10,565

    • 2013

      $11,581

    • 2012

      $11,334

    • 2011

      $10,945

    • 2010

      $12,098

    • 2009

      $12,564

    • 2008

      $8,158


  • Variable

    Actuarial Pension Debt/Capita

    • 2019

      $5,150

    • 2018

      $5,072

    • 2017

      $5,192

    • 2016

      $5,070

    • 2015

      $4,425

    • 2014

      $3,997

    • 2013

      $4,360

    • 2012

      $4,290

    • 2011

      $4,143

    • 2010

      $4,596

    • 2009

      $4,736

    • 2008

      $3,066


  • Variable

    Actuarial Pension Debt/State General Fund Expenditures

    • 2019

      3.20

    • 2018

      3.20

    • 2017

      3.33

    • 2016

      3.44

    • 2015

      3.16

    • 2014

      3.05

    • 2013

      3.35

    • 2012

      3.67

    • 2011

      3.67

    • 2010

      4.14

    • 2009

      3.74

    • 2008

      1.94


  • Variable

    Actuarial Pension Debt/State Total Expenditures

    • 2019

      1.03

    • 2018

      1.02

    • 2017

      1.06

    • 2016

      1.09

    • 2015

      0.96

    • 2014

      0.88

    • 2013

      0.94

    • 2012

      0.92

    • 2011

      0.87

    • 2010

      1.08

    • 2009

      1.05

    • 2008

      0.67


  • Variable

    Actuarial Pension Debt/State Total General Fund Revenues

    • 2019

      2.82

    • 2018

      2.96

    • 2017

      3.20

    • 2016

      3.46

    • 2015

      3.11

    • 2014

      2.95

    • 2013

      3.25

    • 2012

      3.46

    • 2011

      3.44

    • 2010

      4.05

    • 2009

      3.92

    • 2008

      2.17


*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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