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 Dakota, 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) $21,967,589 $19,263,861 $19,658,655
Value of Assets (thousands) $12,256,667 $12,891,494 $13,164,293
Market Pension Debt (thousands) $9,710,922 $6,372,367 $6,494,362
Market Discount Rate 3.00% 3.25% 3.25%
Actuarial Liability (thousands) $12,246,632 $12,888,583 $13,152,272
Actuarial Pension Debt (thousands) $10,035 $2,911 $-12,020
Assumed Rate of Return 7.74% 6.49% 6.49%
  • Variable

    Market Liability (thousands)

    • 2019

      $19,658,655

    • 2018

      $19,263,861

    • 2017

      $21,967,589

    • 2016

      $19,292,507

    • 2015

      $17,842,806

    • 2014

      $18,292,618

    • 2013

      $15,812,944

    • 2012

      $16,838,114

    • 2011

      $13,209,386

    • 2010

      $13,307,379

    • 2009

      $12,265,402

    • 2008

      $4,072,309


  • Variable

    Value of Assets (thousands)

    • 2019

      $13,164,293

    • 2018

      $12,891,494

    • 2017

      $12,256,667

    • 2016

      $11,070,667

    • 2015

      $11,336,383

    • 2014

      $11,133,586

    • 2013

      $9,587,570

    • 2012

      $8,291,393

    • 2011

      $8,391,401

    • 2010

      $6,886,962

    • 2009

      $5,990,287

    • 2008

      $7,786,124


  • Variable

    Market Pension Debt (thousands)

    • 2019

      $6,494,362

    • 2018

      $6,372,367

    • 2017

      $9,710,922

    • 2016

      $8,221,840

    • 2015

      $6,506,423

    • 2014

      $7,159,032

    • 2013

      $6,225,374

    • 2012

      $8,546,721

    • 2011

      $4,817,985

    • 2010

      $6,420,417

    • 2009

      $6,275,115

    • 2008

      $-3,713,815


  • 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

      $13,152,272

    • 2018

      $12,888,583

    • 2017

      $12,246,632

    • 2016

      $11,423,640

    • 2015

      $10,891,560

    • 2014

      $10,385,677

    • 2013

      $9,299,900

    • 2012

      $8,941,951

    • 2011

      $8,097,101

    • 2010

      $7,846,002

    • 2009

      $7,775,473

    • 2008

      $7,426,502


  • Variable

    Actuarial Pension Debt (thousands)

    • 2019

      $-12,020

    • 2018

      $2,911

    • 2017

      $10,035

    • 2016

      $352,973

    • 2015

      $-444,823

    • 2014

      $-747,909

    • 2013

      $-287,669

    • 2012

      $650,559

    • 2011

      $-294,301

    • 2010

      $959,039

    • 2009

      $1,785,186

    • 2008

      $-359,622


  • Variable

    Assumed Rate of Return

    • 2019

      6.49%

    • 2018

      6.49%

    • 2017

      7.74%

    • 2016

      7.24%

    • 2015

      7.25%

    • 2014

      7.25%

    • 2013

      7.24%

    • 2012

      7.24%

    • 2011

      7.70%

    • 2010

      7.74%

    • 2009

      7.70%

    • 2008

      0.11%


*Recommended not to combine dollar and other categories.

Funded Ratios

Variable 2017 2018 2019
Market Funded Ratio 55.8% 66.9% 67.0%
Actuarial Funded Ratio 100.1% 100.0% 100.1%
  • Variable

    Market Funded Ratio

    • 2019

      67.0%

    • 2018

      66.9%

    • 2017

      55.8%

    • 2016

      57.4%

    • 2015

      63.5%

    • 2014

      60.9%

    • 2013

      60.6%

    • 2012

      49.2%

    • 2011

      63.5%

    • 2010

      51.8%

    • 2009

      48.8%

    • 2008

      191.2%


  • Variable

    Actuarial Funded Ratio

    • 2019

      100.1%

    • 2018

      100.0%

    • 2017

      100.1%

    • 2016

      96.9%

    • 2015

      104.1%

    • 2014

      107.2%

    • 2013

      103.0%

    • 2012

      92.7%

    • 2011

      103.6%

    • 2010

      87.8%

    • 2009

      77.0%

    • 2008

      104.8%


*Recommended not to combine dollar and other categories.

State Demographics

Variable 2017 2018 2019
Population 869,666 882,235 884,659
Households 344,260 341,565 344,397
  • Variable

    Population

    • 2019

      884,659

    • 2018

      882,235

    • 2017

      869,666

    • 2016

      865,454

    • 2015

      858,469

    • 2014

      853,304

    • 2013

      845,270

    • 2012

      834,504

    • 2011

      824,171

    • 2010

      816,192

    • 2009

      807,067

    • 2008

      799,124


  • Variable

    Households

    • 2019

      344,397

    • 2018

      341,565

    • 2017

      344,260

    • 2016

      334,003

    • 2015

      336,500

    • 2014

      334,475

    • 2013

      331,406

    • 2012

      323,765

    • 2011

      323,215

    • 2010

      318,955

    • 2009

      316,638

    • 2008

      319,926


*Recommended not to combine dollar and other categories.

Budget & Revenue

Variable 2017 2018 2019
State General Fund Expenditures (thousands) $1,548,000 $1,591,000 $1,638,000
State Total Expenditures (thousands) $4,229,000 $4,457,000 $4,491,000
State Total General Fund Revenues (thousands) $1,570,000 $1,616,000 $1,674,000
  • Variable

    State General Fund Expenditures (thousands)

    • 2019

      $1,638,000

    • 2018

      $1,591,000

    • 2017

      $1,548,000

    • 2016

      $1,473,000

    • 2015

      $1,378,000

    • 2014

      $1,427,000

    • 2013

      $1,291,000

    • 2012

      $1,207,000

    • 2011

      $1,167,000

    • 2010

      $1,149,000

    • 2009

      $1,154,000

    • 2008

      $1,176,000


  • Variable

    State Total Expenditures (thousands)

    • 2019

      $4,491,000

    • 2018

      $4,457,000

    • 2017

      $4,229,000

    • 2016

      $4,050,000

    • 2015

      $3,949,000

    • 2014

      $4,099,000

    • 2013

      $4,132,000

    • 2012

      $3,688,000

    • 2011

      $3,870,000

    • 2010

      $3,834,000

    • 2009

      $3,549,000

    • 2008

      $3,217,000


  • Variable

    State Total General Fund Revenues (thousands)

    • 2019

      $1,674,000

    • 2018

      $1,616,000

    • 2017

      $1,570,000

    • 2016

      $1,438,000

    • 2015

      $1,416,000

    • 2014

      $1,476,000

    • 2013

      $1,364,000

    • 2012

      $1,282,000

    • 2011

      $1,148,000

    • 2010

      $1,132,000

    • 2009

      $1,154,000

    • 2008

      $1,177,000


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2017 2018 2019
Market Pension Debt/Household $28,208 $18,656 $18,857
Market Pension Debt/Capita $11,166 $7,223 $7,341
Market Pension Debt/State General Fund Expenditures 6.27 4.01 3.96
Market Pension Debt/State Total Expenditures 2.30 1.43 1.45
Market Pension Debt/State Total General Fund Revenues 6.19 3.94 3.88
Actuarial Pension Debt/Household $29 $9 $-35
Actuarial Pension Debt/Capita $12 $3 $-14
Actuarial Pension Debt/State General Fund Expenditures 0.01 0.00 -0.01
Actuarial Pension Debt/State Total Expenditures 0.00 0.00 0.00
Actuarial Pension Debt/State Total General Fund Revenues 0.01 0.00 -0.01
  • Variable

    Market Pension Debt/Household

    • 2019

      $18,857

    • 2018

      $18,656

    • 2017

      $28,208

    • 2016

      $24,616

    • 2015

      $19,336

    • 2014

      $21,404

    • 2013

      $18,785

    • 2012

      $26,398

    • 2011

      $14,906

    • 2010

      $20,130

    • 2009

      $19,818

    • 2008

      $-11,608


  • Variable

    Market Pension Debt/Capita

    • 2019

      $7,341

    • 2018

      $7,223

    • 2017

      $11,166

    • 2016

      $9,500

    • 2015

      $7,579

    • 2014

      $8,390

    • 2013

      $7,365

    • 2012

      $10,242

    • 2011

      $5,846

    • 2010

      $7,866

    • 2009

      $7,775

    • 2008

      $-4,647


  • Variable

    Market Pension Debt/State General Fund Expenditures

    • 2019

      3.96

    • 2018

      4.01

    • 2017

      6.27

    • 2016

      5.58

    • 2015

      4.72

    • 2014

      5.02

    • 2013

      4.82

    • 2012

      7.08

    • 2011

      4.13

    • 2010

      5.59

    • 2009

      5.44

    • 2008

      -3.16


  • Variable

    Market Pension Debt/State Total Expenditures

    • 2019

      1.45

    • 2018

      1.43

    • 2017

      2.30

    • 2016

      2.03

    • 2015

      1.65

    • 2014

      1.75

    • 2013

      1.51

    • 2012

      2.32

    • 2011

      1.24

    • 2010

      1.67

    • 2009

      1.77

    • 2008

      -1.15


  • Variable

    Market Pension Debt/State Total General Fund Revenues

    • 2019

      3.88

    • 2018

      3.94

    • 2017

      6.19

    • 2016

      5.72

    • 2015

      4.59

    • 2014

      4.85

    • 2013

      4.56

    • 2012

      6.67

    • 2011

      4.20

    • 2010

      5.67

    • 2009

      5.44

    • 2008

      -3.16


  • Variable

    Actuarial Pension Debt/Household

    • 2019

      $-35

    • 2018

      $9

    • 2017

      $29

    • 2016

      $1,057

    • 2015

      $-1,322

    • 2014

      $-2,236

    • 2013

      $-868

    • 2012

      $2,009

    • 2011

      $-911

    • 2010

      $3,007

    • 2009

      $5,638

    • 2008

      $-1,124


  • Variable

    Actuarial Pension Debt/Capita

    • 2019

      $-14

    • 2018

      $3

    • 2017

      $12

    • 2016

      $408

    • 2015

      $-518

    • 2014

      $-876

    • 2013

      $-340

    • 2012

      $780

    • 2011

      $-357

    • 2010

      $1,175

    • 2009

      $2,212

    • 2008

      $-450


  • Variable

    Actuarial Pension Debt/State General Fund Expenditures

    • 2019

      -0.01

    • 2018

      0.00

    • 2017

      0.01

    • 2016

      0.24

    • 2015

      -0.32

    • 2014

      -0.52

    • 2013

      -0.22

    • 2012

      0.54

    • 2011

      -0.25

    • 2010

      0.83

    • 2009

      1.55

    • 2008

      -0.31


  • Variable

    Actuarial Pension Debt/State Total Expenditures

    • 2019

      0.00

    • 2018

      0.00

    • 2017

      0.00

    • 2016

      0.09

    • 2015

      -0.11

    • 2014

      -0.18

    • 2013

      -0.07

    • 2012

      0.18

    • 2011

      -0.08

    • 2010

      0.25

    • 2009

      0.50

    • 2008

      -0.11


  • Variable

    Actuarial Pension Debt/State Total General Fund Revenues

    • 2019

      -0.01

    • 2018

      0.00

    • 2017

      0.01

    • 2016

      0.25

    • 2015

      -0.31

    • 2014

      -0.51

    • 2013

      -0.21

    • 2012

      0.51

    • 2011

      -0.26

    • 2010

      0.85

    • 2009

      1.55

    • 2008

      -0.31


*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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