South Dakota, All State and Local Systems
Assets, Liabilities and Unfunded Liabilities
Variable20082009201020112012201320142015201620172018
Market Liability (thousands)$4,072,309$12,265,402$13,307,379$13,209,386$16,838,114$15,812,944$18,292,618$17,842,806$19,292,507$21,967,613$19,263,861
Value of Assets (thousands)$7,786,124$5,990,287$6,886,962$8,391,401$8,291,393$9,587,570$11,133,586$11,336,383$11,070,667$12,264,201$12,891,494
Market Pension Debt (thousands)$-3,713,815$6,275,115$6,420,417$4,817,985$8,546,721$6,225,374$7,159,032$6,506,423$8,221,840$9,703,412$6,372,367
Market Discount Rate4.50%4.20%3.70%4.00%2.50%3.20%3.00%3.25%3.00%3.00%3.25%
Actuarial Liability (thousands)$7,426,502$7,775,473$7,846,002$8,097,101$8,941,951$9,299,900$10,385,677$10,891,560$11,423,640$12,246,632$12,888,583
Actuarial Pension Debt (thousands)$-359,622$1,785,186$959,039$-294,301$650,559$-287,669$-747,909$-444,823$352,973$17,569$2,911
Assumed Rate of Return0.11%7.70%7.74%7.70%7.24%7.24%7.25%7.25%7.24%7.74%6.49%
Funded Ratios
Variable20082009201020112012201320142015201620172018
Market Funded Ratio191.2%48.8%51.8%63.5%49.2%60.6%60.9%63.5%57.4%55.8%66.9%
Actuarial Funded Ratio104.8%77.0%87.8%103.6%92.7%103.0%107.2%104.1%96.9%100.1%100.0%
State Demographics
Variable20082009201020112012201320142015201620172018
Population799,124807,067816,192824,171834,504845,270853,304858,469865,454869,666882,235
Households319,926316,638318,955323,215323,765331,406334,475336,500334,003344,260341,565
Budget & Revenue
Variable20082009201020112012201320142015201620172018
State General Fund Expenditures (thousands)$1,176,000$1,154,000$1,149,000$1,167,000$1,207,000$1,291,000$1,427,000$1,378,000$1,473,000$1,548,000$1,591,000
State Total Expenditures (thousands)$3,217,000$3,549,000$3,834,000$3,870,000$3,688,000$4,132,000$4,099,000$3,949,000$4,050,000$4,229,000$4,457,000
State Total General Fund Revenues (thousands)$1,177,000$1,154,000$1,132,000$1,148,000$1,282,000$1,364,000$1,476,000$1,416,000$1,438,000$1,570,000$1,616,000
Unfunded Liability Metrics
Variable20082009201020112012201320142015201620172018
Market Pension Debt/Household$-11,608$19,818$20,130$14,906$26,398$18,785$21,404$19,336$24,616$28,186$18,656
Market Pension Debt/Capita$-4,647$7,775$7,866$5,846$10,242$7,365$8,390$7,579$9,500$11,158$7,223
Market Pension Debt/State General Fund Expenditures-3.165.445.594.137.084.825.024.725.586.274.01
Market Pension Debt/State Total Expenditures-1.151.771.671.242.321.511.751.652.032.291.43
Market Pension Debt/State Total General Fund Revenues-3.165.445.674.206.674.564.854.595.726.183.94
Actuarial Pension Debt/Household$-1,124$5,638$3,007$-911$2,009$-868$-2,236$-1,322$1,057$51$9
Actuarial Pension Debt/Capita$-450$2,212$1,175$-357$780$-340$-876$-518$408$20$3
Actuarial Pension Debt/State General Fund Expenditures-0.311.550.83-0.250.54-0.22-0.52-0.320.240.010.00
Actuarial Pension Debt/State Total Expenditures-0.110.500.25-0.080.18-0.07-0.18-0.110.090.000.00
Actuarial Pension Debt/State Total General Fund Revenues-0.311.550.85-0.260.51-0.21-0.51-0.310.250.010.00