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) 2017, the most recent available.

Washington, All State and Local Systems

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Plan : From year: to
Detailed Table

Assets, Liabilities and Unfunded Liabilities

Variable 2015 2016 2017
Market Liability (thousands) $153,929,749 $165,924,349 $497,103,970
Value of Assets (thousands) $78,743,444 $79,548,341 $331,462,268
Market Pension Debt (thousands) $75,186,306 $86,376,008 $165,641,702
Market Discount Rate 3.25% 3.00% 3.00%
Actuarial Liability (thousands) $88,294,980 $93,224,105 $298,147,052
Actuarial Pension Debt (thousands) $9,551,537 $13,675,764 $33,315,215
Assumed Rate of Return 7.76% 7.67% 7.13%
  • Variable

    Market Liability (thousands)

    • 2017

      $497,103,970

    • 2016

      $165,924,349

    • 2015

      $153,929,749

    • 2014

      $151,678,709

    • 2013

      $142,865,921

    • 2012

      $134,282,589

    • 2011

      $114,090,803

    • 2010

      $114,807,508

    • 2009

      $107,488,628

    • 2008

      $97,774,847


  • Variable

    Value of Assets (thousands)

    • 2017

      $331,462,268

    • 2016

      $79,548,341

    • 2015

      $78,743,444

    • 2014

      $76,681,165

    • 2013

      $65,897,981

    • 2012

      $60,018,870

    • 2011

      $60,769,859

    • 2010

      $51,775,320

    • 2009

      $46,859,725

    • 2008

      $69,774,925


  • Variable

    Market Pension Debt (thousands)

    • 2017

      $165,641,702

    • 2016

      $86,376,008

    • 2015

      $75,186,306

    • 2014

      $74,997,544

    • 2013

      $76,967,940

    • 2012

      $74,263,719

    • 2011

      $53,320,944

    • 2010

      $63,032,188

    • 2009

      $60,628,903

    • 2008

      $27,999,922


  • Variable

    Market Discount Rate

    • 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)

    • 2017

      $298,147,052

    • 2016

      $93,224,105

    • 2015

      $88,294,980

    • 2014

      $83,354,158

    • 2013

      $78,520,550

    • 2012

      $66,296,587

    • 2011

      $68,585,971

    • 2010

      $65,444,204

    • 2009

      $65,538,249

    • 2008

      $61,648,517


  • Variable

    Actuarial Pension Debt (thousands)

    • 2017

      $33,315,215

    • 2016

      $13,675,764

    • 2015

      $9,551,537

    • 2014

      $6,672,993

    • 2013

      $12,622,569

    • 2012

      $6,277,717

    • 2011

      $7,816,112

    • 2010

      $13,668,884

    • 2009

      $18,678,524

    • 2008

      $-8,126,408


  • Variable

    Assumed Rate of Return

    • 2017

      7.13%

    • 2016

      7.67%

    • 2015

      7.76%

    • 2014

      7.50%

    • 2013

      7.76%

    • 2012

      7.80%

    • 2011

      7.85%

    • 2010

      8.00%

    • 2009

      8.00%

    • 2008

      8.00%


*Recommended not to combine dollar and other categories.

Funded Ratios

Variable 2015 2016 2017
Market Funded Ratio 51.2% 47.9% 66.7%
Actuarial Funded Ratio 89.2% 85.3% 111.2%
  • Variable

    Market Funded Ratio

    • 2017

      66.7%

    • 2016

      47.9%

    • 2015

      51.2%

    • 2014

      50.6%

    • 2013

      46.1%

    • 2012

      44.7%

    • 2011

      53.3%

    • 2010

      45.1%

    • 2009

      43.6%

    • 2008

      71.4%


  • Variable

    Actuarial Funded Ratio

    • 2017

      111.2%

    • 2016

      85.3%

    • 2015

      89.2%

    • 2014

      92.0%

    • 2013

      83.9%

    • 2012

      90.5%

    • 2011

      88.6%

    • 2010

      79.1%

    • 2009

      71.5%

    • 2008

      113.1%


*Recommended not to combine dollar and other categories.

State Demographics

Variable 2015 2016 2017
Population 7,170,351 7,288,000 7,405,743
Households 2,720,264 2,768,076 2,840,377
  • Variable

    Population

    • 2017

      7,405,743

    • 2016

      7,288,000

    • 2015

      7,170,351

    • 2014

      7,063,166

    • 2013

      6,973,281

    • 2012

      6,896,325

    • 2011

      6,822,112

    • 2010

      6,741,911

    • 2009

      6,667,426

    • 2008

      6,562,231


  • Variable

    Households

    • 2017

      2,840,377

    • 2016

      2,768,076

    • 2015

      2,720,264

    • 2014

      2,679,601

    • 2013

      2,644,557

    • 2012

      2,636,817

    • 2011

      2,632,621

    • 2010

      2,606,863

    • 2009

      2,559,288

    • 2008

      2,547,663


*Recommended not to combine dollar and other categories.

Budget & Revenue

Variable 2015 2016 2017
State General Fund Expenditures (thousands) $16,560,000 $17,918,000 $19,357,000
State Total Expenditures (thousands) $39,117,000 $41,251,000 $44,328,000
State Total General Fund Revenues (thousands) $17,270,000 $18,578,000 $19,730,000
  • Variable

    State General Fund Expenditures (thousands)

    • 2017

      $19,357,000

    • 2016

      $17,918,000

    • 2015

      $16,560,000

    • 2014

      $16,079,000

    • 2013

      $15,479,000

    • 2012

      $15,279,000

    • 2011

      $14,823,000

    • 2010

      $15,036,000

    • 2009

      $14,617,000

    • 2008

      $14,616,000


  • Variable

    State Total Expenditures (thousands)

    • 2017

      $44,328,000

    • 2016

      $41,251,000

    • 2015

      $39,117,000

    • 2014

      $36,867,000

    • 2013

      $33,996,000

    • 2012

      $33,175,000

    • 2011

      $33,621,000

    • 2010

      $33,587,000

    • 2009

      $33,714,000

    • 2008

      $31,732,000


  • Variable

    State Total General Fund Revenues (thousands)

    • 2017

      $19,730,000

    • 2016

      $18,578,000

    • 2015

      $17,270,000

    • 2014

      $16,383,000

    • 2013

      $15,749,000

    • 2012

      $14,874,000

    • 2011

      $14,648,000

    • 2010

      $13,571,000

    • 2009

      $14,017,000

    • 2008

      $14,614,000


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2015 2016 2017
Market Pension Debt/Household $27,639 $31,204 $58,317
Market Pension Debt/Capita $10,486 $11,852 $22,367
Market Pension Debt/State General Fund Expenditures 4.54 4.82 8.56
Market Pension Debt/State Total Expenditures 1.92 2.09 3.74
Market Pension Debt/State Total General Fund Revenues 4.35 4.65 8.40
Actuarial Pension Debt/Household $3,511 $4,941 $11,729
Actuarial Pension Debt/Capita $1,332 $1,876 $4,499
Actuarial Pension Debt/State General Fund Expenditures 0.58 0.76 1.72
Actuarial Pension Debt/State Total Expenditures 0.24 0.33 0.75
Actuarial Pension Debt/State Total General Fund Revenues 0.55 0.74 1.69
  • Variable

    Market Pension Debt/Household

    • 2017

      $58,317

    • 2016

      $31,204

    • 2015

      $27,639

    • 2014

      $27,988

    • 2013

      $29,104

    • 2012

      $28,164

    • 2011

      $20,254

    • 2010

      $24,179

    • 2009

      $23,690

    • 2008

      $10,990


  • Variable

    Market Pension Debt/Capita

    • 2017

      $22,367

    • 2016

      $11,852

    • 2015

      $10,486

    • 2014

      $10,618

    • 2013

      $11,038

    • 2012

      $10,769

    • 2011

      $7,816

    • 2010

      $9,349

    • 2009

      $9,093

    • 2008

      $4,267


  • Variable

    Market Pension Debt/State General Fund Expenditures

    • 2017

      8.56

    • 2016

      4.82

    • 2015

      4.54

    • 2014

      4.66

    • 2013

      4.97

    • 2012

      4.86

    • 2011

      3.60

    • 2010

      4.19

    • 2009

      4.15

    • 2008

      1.92


  • Variable

    Market Pension Debt/State Total Expenditures

    • 2017

      3.74

    • 2016

      2.09

    • 2015

      1.92

    • 2014

      2.03

    • 2013

      2.26

    • 2012

      2.24

    • 2011

      1.59

    • 2010

      1.88

    • 2009

      1.80

    • 2008

      0.88


  • Variable

    Market Pension Debt/State Total General Fund Revenues

    • 2017

      8.40

    • 2016

      4.65

    • 2015

      4.35

    • 2014

      4.58

    • 2013

      4.89

    • 2012

      4.99

    • 2011

      3.64

    • 2010

      4.64

    • 2009

      4.33

    • 2008

      1.92


  • Variable

    Actuarial Pension Debt/Household

    • 2017

      $11,729

    • 2016

      $4,941

    • 2015

      $3,511

    • 2014

      $2,490

    • 2013

      $4,773

    • 2012

      $2,381

    • 2011

      $2,969

    • 2010

      $5,243

    • 2009

      $7,298

    • 2008

      $-3,190


  • Variable

    Actuarial Pension Debt/Capita

    • 2017

      $4,499

    • 2016

      $1,876

    • 2015

      $1,332

    • 2014

      $945

    • 2013

      $1,810

    • 2012

      $910

    • 2011

      $1,146

    • 2010

      $2,027

    • 2009

      $2,801

    • 2008

      $-1,238


  • Variable

    Actuarial Pension Debt/State General Fund Expenditures

    • 2017

      1.72

    • 2016

      0.76

    • 2015

      0.58

    • 2014

      0.42

    • 2013

      0.82

    • 2012

      0.41

    • 2011

      0.53

    • 2010

      0.91

    • 2009

      1.28

    • 2008

      -0.56


  • Variable

    Actuarial Pension Debt/State Total Expenditures

    • 2017

      0.75

    • 2016

      0.33

    • 2015

      0.24

    • 2014

      0.18

    • 2013

      0.37

    • 2012

      0.19

    • 2011

      0.23

    • 2010

      0.41

    • 2009

      0.55

    • 2008

      -0.26


  • Variable

    Actuarial Pension Debt/State Total General Fund Revenues

    • 2017

      1.69

    • 2016

      0.74

    • 2015

      0.55

    • 2014

      0.41

    • 2013

      0.80

    • 2012

      0.42

    • 2011

      0.53

    • 2010

      1.01

    • 2009

      1.33

    • 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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