Report

The Widening Gap

The Great Recession's Impact on State Pension and Retiree Health Care Costs

Estimating State Pension Funding: Comparisons

Even small changes to the assumed investment rates of return can dramatically affect states’ pension bills. Compare your state’s funding level using current assumptions with those using discount rates of 8 percent, 5.22 percent and 4.38 percent.

 

Reported Pct. Funded

 Pct. Funded using 8%

 Pct. Funded using 5.22%

 Pct. Funded using 4.38%

Alabama

74%
74%
53%
46%
Alaska
61%
60%
42%
37%
Arizona
78%
77%
55%
48%
Arkansas
78%
78%
55%
49%
California
81%
82%
59%
52%
Colorado
69%
69%
49%
43%
Connecticut
62%
59%
42%
37%
Delaware
94%
94%
67%
59%
Florida
84%
86%
61%
54%
Georgia
87%
92%
65%
58%
Hawaii
69%
69%
49%
43%
Idaho
74%
76%
54%
48%
Illinois
51%
48%
34%
30%
Indiana
67%
71%
51%
45%
Iowa
81%
85%
61%
54%
Kansas
64%
64%
45%
40%
Kentucky
58%
61%
43%
38%
Louisiana
60%
59%
42%
37%
Maine
73%
75%
53%
47%
Maryland
65%
67%
47%
42%
Massachusetts
68%
66%
47%
41%
Michigan
79%
79%
56%
50%
Minnesota
77%
73%
52%
46%
Mississippi
67%
67%
48%
42%
Missouri
79%
78%
56%
49%
Montana
74%
75%
53%
47%
Nebraska
88%
88%
62%
55%
Nevada
72%
72%
52%
46%
New Hampshire
58%
56%
40%
35%
New Jersey
66%
64%
46%
40%
New Mexico
76%
76%
54%
48%
New York
101%
101%
72%
64%
North Carolina
97%
105%
75%
66%
North Dakota
81%
81%
58%
51%
Ohio
66%
66%
47%
41%
Oklahoma
57%
59%
42%
37%
Oregon
86%
86%
61%
54%
Pennsylvania
81%
81%
58%
51%
Rhode Island
59%
57%
41%
36%
South Carolina
69%
69%
49%
43%
South Dakota
92%
94%
67%
59%
Tennessee
90%
95%
68%
60%
Texas
84%
84%
60%
53%
Utah
86%
88%
63%
55%
Vermont
73%
71%
51%
45%
Virginia
80%
84%
60%
53%
Washington
99%
99%
70%
62%
West Virginia
56%
59%
42%
37%
Wisconsin
100%
102%
72%
64%
Wyoming
89%
89%
63%
56%
Source: Pew Center on the States, 2011

Report Assets

PEW_Huh_230x130_km_OWN Expert
Pew Expert: Kil Huh

Kil Huh is director of the States’ Fiscal Health Project. 

PEW_Urahn_230x130_km_OWN Video
State Pension Costs

Watch Sue Urahn, managing director for the Pew Center on the States, discuss the scope of the pension and retiree health benefit problem.

Date:
April 25, 2011
Contacts:
Brian Keegan | 202.540.6677
Project:
Public Sector Retirement Systems
Issues:
Pensions, Retiree Health Care, Retiree Health Care Costs
State:
National

Related RESEARCH & ANALYSIS

PCS.PRODUCTION.1.20140221.1210 (PEWSUWVMWAPP01)