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.

Utah, 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) $56,123,499 $52,286,771 $57,964,391
Value of Assets (thousands) $28,704,037 $34,401,198 $31,245,201
Market Pension Debt (thousands) $27,419,462 $17,885,572 $26,719,190
Market Discount Rate 3.00% 3.00% 3.25%
Actuarial Liability (thousands) $33,380,778 $32,057,192 $36,675,987
Actuarial Pension Debt (thousands) $4,676,741 $2,344,006 $5,430,786
Assumed Rate of Return 7.20% 6.95% 6.95%
  • Variable

    Market Liability (thousands)

    • 2018

      $57,964,391

    • 2017

      $52,286,771

    • 2016

      $56,123,499

    • 2015

      $52,811,976

    • 2014

      $54,924,628

    • 2013

      $51,573,620

    • 2012

      $54,765,706

    • 2011

      $42,435,487

    • 2010

      $43,874,067

    • 2009

      $33,191,237

    • 2008

      $34,814,076


  • Variable

    Value of Assets (thousands)

    • 2018

      $31,245,201

    • 2017

      $34,401,198

    • 2016

      $28,704,037

    • 2015

      $26,713,741

    • 2014

      $29,832,432

    • 2013

      $25,005,096

    • 2012

      $22,091,505

    • 2011

      $19,867,351

    • 2010

      $19,667,824

    • 2009

      $17,629,885

    • 2008

      $19,775,927


  • Variable

    Market Pension Debt (thousands)

    • 2018

      $26,719,190

    • 2017

      $17,885,572

    • 2016

      $27,419,462

    • 2015

      $26,098,234

    • 2014

      $25,092,196

    • 2013

      $26,568,524

    • 2012

      $32,674,201

    • 2011

      $22,568,136

    • 2010

      $24,206,243

    • 2009

      $15,561,352

    • 2008

      $15,038,149


  • 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

      $36,675,987

    • 2017

      $32,057,192

    • 2016

      $33,380,778

    • 2015

      $31,260,302

    • 2014

      $30,183,512

    • 2013

      $29,320,405

    • 2012

      $28,114,108

    • 2011

      $26,697,921

    • 2010

      $25,834,465

    • 2009

      $20,904,820

    • 2008

      $22,674,673


  • Variable

    Actuarial Pension Debt (thousands)

    • 2018

      $5,430,786

    • 2017

      $2,344,006

    • 2016

      $4,676,741

    • 2015

      $4,546,560

    • 2014

      $351,080

    • 2013

      $4,315,309

    • 2012

      $6,022,602

    • 2011

      $6,830,570

    • 2010

      $6,166,641

    • 2009

      $3,274,935

    • 2008

      $2,898,746


  • Variable

    Assumed Rate of Return

    • 2018

      6.95%

    • 2017

      6.95%

    • 2016

      7.20%

    • 2015

      7.50%

    • 2014

      7.50%

    • 2013

      7.50%

    • 2012

      7.50%

    • 2011

      7.50%

    • 2010

      7.75%

    • 2009

      7.75%

    • 2008

      7.75%


*Recommended not to combine dollar and other categories.

Funded Ratios

Variable 2016 2017 2018
Market Funded Ratio 51.1% 65.8% 53.9%
Actuarial Funded Ratio 86.0% 107.3% 85.2%
  • Variable

    Market Funded Ratio

    • 2018

      53.9%

    • 2017

      65.8%

    • 2016

      51.1%

    • 2015

      50.6%

    • 2014

      54.3%

    • 2013

      48.5%

    • 2012

      40.3%

    • 2011

      46.8%

    • 2010

      44.8%

    • 2009

      53.1%

    • 2008

      56.8%


  • Variable

    Actuarial Funded Ratio

    • 2018

      85.2%

    • 2017

      107.3%

    • 2016

      86.0%

    • 2015

      85.5%

    • 2014

      98.8%

    • 2013

      85.3%

    • 2012

      78.6%

    • 2011

      74.4%

    • 2010

      76.1%

    • 2009

      84.3%

    • 2008

      87.2%


*Recommended not to combine dollar and other categories.

State Demographics

Variable 2016 2017 2018
Population 3,079,376 3,101,833 3,161,105
Households 956,105 975,448 957,619
  • Variable

    Population

    • 2018

      3,161,105

    • 2017

      3,101,833

    • 2016

      3,079,376

    • 2015

      3,022,078

    • 2014

      2,944,498

    • 2013

      2,903,685

    • 2012

      2,855,194

    • 2011

      2,815,324

    • 2010

      2,774,346

    • 2009

      2,723,421

    • 2008

      2,663,029


  • Variable

    Households

    • 2018

      957,619

    • 2017

      975,448

    • 2016

      956,105

    • 2015

      942,567

    • 2014

      918,370

    • 2013

      899,475

    • 2012

      895,691

    • 2011

      884,253

    • 2010

      880,025

    • 2009

      863,122

    • 2008

      854,244


*Recommended not to combine dollar and other categories.

Budget & Revenue

Variable 2016 2017 2018
State General Fund Expenditures (thousands) $6,196,000 $6,275,000 $6,739,000
State Total Expenditures (thousands) $13,707,000 $14,865,000 $14,789,000
State Total General Fund Revenues (thousands) $6,031,000 $6,270,000 $7,039,000
  • Variable

    State General Fund Expenditures (thousands)

    • 2018

      $6,739,000

    • 2017

      $6,275,000

    • 2016

      $6,196,000

    • 2015

      $5,749,000

    • 2014

      $5,383,000

    • 2013

      $5,098,000

    • 2012

      $4,742,000

    • 2011

      $4,628,000

    • 2010

      $4,372,000

    • 2009

      $4,817,000

    • 2008

      $5,784,000


  • Variable

    State Total Expenditures (thousands)

    • 2018

      $14,789,000

    • 2017

      $14,865,000

    • 2016

      $13,707,000

    • 2015

      $12,952,000

    • 2014

      $12,184,000

    • 2013

      $12,089,000

    • 2012

      $11,822,000

    • 2011

      $12,688,000

    • 2010

      $12,598,000

    • 2009

      $11,559,000

    • 2008

      $11,323,000


  • Variable

    State Total General Fund Revenues (thousands)

    • 2018

      $7,039,000

    • 2017

      $6,270,000

    • 2016

      $6,031,000

    • 2015

      $5,697,000

    • 2014

      $5,420,000

    • 2013

      $5,329,000

    • 2012

      $4,859,000

    • 2011

      $4,659,000

    • 2010

      $4,193,000

    • 2009

      $4,567,000

    • 2008

      $5,213,000


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2016 2017 2018
Market Pension Debt/Household $28,678 $18,336 $27,902
Market Pension Debt/Capita $8,904 $5,766 $8,452
Market Pension Debt/State General Fund Expenditures 4.43 2.85 3.96
Market Pension Debt/State Total Expenditures 2.00 1.20 1.81
Market Pension Debt/State Total General Fund Revenues 4.55 2.85 3.80
Actuarial Pension Debt/Household $4,891 $2,403 $5,671
Actuarial Pension Debt/Capita $1,519 $756 $1,718
Actuarial Pension Debt/State General Fund Expenditures 0.75 0.37 0.81
Actuarial Pension Debt/State Total Expenditures 0.34 0.16 0.37
Actuarial Pension Debt/State Total General Fund Revenues 0.78 0.37 0.77
  • Variable

    Market Pension Debt/Household

    • 2018

      $27,902

    • 2017

      $18,336

    • 2016

      $28,678

    • 2015

      $27,688

    • 2014

      $27,323

    • 2013

      $29,538

    • 2012

      $36,479

    • 2011

      $25,522

    • 2010

      $27,506

    • 2009

      $18,029

    • 2008

      $17,604


  • Variable

    Market Pension Debt/Capita

    • 2018

      $8,452

    • 2017

      $5,766

    • 2016

      $8,904

    • 2015

      $8,636

    • 2014

      $8,522

    • 2013

      $9,150

    • 2012

      $11,444

    • 2011

      $8,016

    • 2010

      $8,725

    • 2009

      $5,714

    • 2008

      $5,647


  • Variable

    Market Pension Debt/State General Fund Expenditures

    • 2018

      3.96

    • 2017

      2.85

    • 2016

      4.43

    • 2015

      4.54

    • 2014

      4.66

    • 2013

      5.21

    • 2012

      6.89

    • 2011

      4.88

    • 2010

      5.54

    • 2009

      3.23

    • 2008

      2.60


  • Variable

    Market Pension Debt/State Total Expenditures

    • 2018

      1.81

    • 2017

      1.20

    • 2016

      2.00

    • 2015

      2.01

    • 2014

      2.06

    • 2013

      2.20

    • 2012

      2.76

    • 2011

      1.78

    • 2010

      1.92

    • 2009

      1.35

    • 2008

      1.33


  • Variable

    Market Pension Debt/State Total General Fund Revenues

    • 2018

      3.80

    • 2017

      2.85

    • 2016

      4.55

    • 2015

      4.58

    • 2014

      4.63

    • 2013

      4.99

    • 2012

      6.72

    • 2011

      4.84

    • 2010

      5.77

    • 2009

      3.41

    • 2008

      2.88


  • Variable

    Actuarial Pension Debt/Household

    • 2018

      $5,671

    • 2017

      $2,403

    • 2016

      $4,891

    • 2015

      $4,824

    • 2014

      $382

    • 2013

      $4,798

    • 2012

      $6,724

    • 2011

      $7,725

    • 2010

      $7,007

    • 2009

      $3,794

    • 2008

      $3,393


  • Variable

    Actuarial Pension Debt/Capita

    • 2018

      $1,718

    • 2017

      $756

    • 2016

      $1,519

    • 2015

      $1,504

    • 2014

      $119

    • 2013

      $1,486

    • 2012

      $2,109

    • 2011

      $2,426

    • 2010

      $2,223

    • 2009

      $1,203

    • 2008

      $1,089


  • Variable

    Actuarial Pension Debt/State General Fund Expenditures

    • 2018

      0.81

    • 2017

      0.37

    • 2016

      0.75

    • 2015

      0.79

    • 2014

      0.07

    • 2013

      0.85

    • 2012

      1.27

    • 2011

      1.48

    • 2010

      1.41

    • 2009

      0.68

    • 2008

      0.50


  • Variable

    Actuarial Pension Debt/State Total Expenditures

    • 2018

      0.37

    • 2017

      0.16

    • 2016

      0.34

    • 2015

      0.35

    • 2014

      0.03

    • 2013

      0.36

    • 2012

      0.51

    • 2011

      0.54

    • 2010

      0.49

    • 2009

      0.28

    • 2008

      0.26


  • Variable

    Actuarial Pension Debt/State Total General Fund Revenues

    • 2018

      0.77

    • 2017

      0.37

    • 2016

      0.78

    • 2015

      0.80

    • 2014

      0.06

    • 2013

      0.81

    • 2012

      1.24

    • 2011

      1.47

    • 2010

      1.47

    • 2009

      0.72

    • 2008

      0.56


*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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