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Although Alabama consistently paid its full annual pension contribution from 2005 to 2010, its pension system was 70 percent funded in scal year 2010 and faced a $13 billion funding gap. Most experts agree that a scally sustainable system should be at least 80 percent funded. The state also had a $15 billion bill for retiree health care costs, only 5 percent of which was funded, below the 8 percent national average in 2010. In 2011, Alabama lawmakers increased contributions from current and future employees. The governor approved a package of reforms passed by the House and the Senate this year, which will raise the retirement age from 60 to 62 and decrease nal average compensation for most new employees.
ALABAMA
Pensions
70%
Percent Funded
$42.9B
Total Liability
5%
Percent Funded
$15.7B
Total Liability
Pensions
Full Recommended Contribution
$1.2B $1.2B
Actual Actual
$1.2B $465M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
ALASKA
Pensions
60%
Percent Funded
$16.6B
Total Liability
50%
Percent Funded
$12.4B
Total Liability
Pensions
Full Recommended Contribution
$397M $329M
Actual Actual
$1.1B $855M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
ARIZONA
Pensions
75%
Percent Funded
$46.5B
Total Liability
69%
Percent Funded
$2.3B
Total Liability
Pensions
Full Recommended Contribution
$1.11B $1.12B
Actual
$121M $121M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
ARKANSAS
Pensions
75%
Percent Funded
$23.8B
Total Liability
0%
Percent Funded
$1.9B
Total Liability
Pensions
Full Recommended Contribution
$568M $602M
Actual
$194M $47M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
CALIFORNIA
Pensions
78%
Percent Funded
$516.3B
Total Liability
0.1%
Percent Funded
$77.4B
Total Liability
Pensions
Full Recommended Contribution
$13.3B $10.0B
Actual
$5.9B $1.7B
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
COLORADO
Pensions
66%
Percent Funded
$59.3B
Total Liability
14%
Percent Funded
$2.2B
Total Liability
Pensions
Full Recommended Contribution
$1.3B $891M
Actual
$113M $90M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
CONNECTICUT
Pensions
53%
Percent Funded
$44.8B
Total Liability
0%
Percent Funded
$26.7B
Total Liability
Pensions
Full Recommended Contribution
$1.5B $1.3B
Actual Actual
$2.3B $567M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
DELAWARE
Pensions
92%
Percent Funded
$7.9B
Total Liability
2%
Percent Funded
$5.9B
Total Liability
Pensions
Full Recommended Contribution
$149M $144M
Actual Actual
$498M $175M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
FLORIDA
Pensions
82%
Percent Funded
$148.1B
Total Liability
0%
Percent Funded
$4.5B
Total Liability
Pensions
Full Recommended Contribution
$2.9B $3.0B
Actual
$336M $104M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
GEORGIA
Pensions
85%
Percent Funded
$81.1B
Total Liability
3%
Percent Funded
$19.8B
Total Liability
Pensions
Full Recommended Contribution
$1.3B $1.3B
Actual Actual
$1.8B $401M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
HAWAII
Pensions
61%
Percent Funded
$18.5B
Total Liability
0%
Percent Funded
$14.0B
Total Liability
Pensions
Full Recommended Contribution
$536M $548M
Actual Actual
$887M $209M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
IDAHO
Pensions
79%
Percent Funded
$12.6B
Total Liability
12%
Percent Funded
$0.2B
Total Liability
Pensions
Full Recommended Contribution
$266M $300M
Actual
$15M $12M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
ILLINOIS
Pensions
45%
Percent Funded
$138.8B
Total Liability
0.1%
Percent Funded
$43.9B
Total Liability
Pensions
Full Recommended Contribution
$4.8B $4.1B
Actual Actual
$3.3B $1.6B
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
INDIANA
Pensions
65%
Percent Funded
$39.0B
Total Liability
5%
Percent Funded
$0.4B
Total Liability
Pensions
Full Recommended Contribution
$1.5B $1.4B
Actual
$54M $13M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
IOWA
Pensions
81%
Percent Funded
$27.1B
Total Liability
0%
Percent Funded
$0.5B
Total Liability
Pensions
Full Recommended Contribution
$525M $465M
Actual
$57M $24M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
KANSAS
Pensions
62%
Percent Funded
$21.9B
Total Liability
2%
Percent Funded
$0.6B
Total Liability
Pensions
Full Recommended Contribution
$682M $492M
Actual
$93M $39M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
KENTUCKY
Pensions
54%
Percent Funded
$37.0B
Total Liability
15%
Percent Funded
$8.8B
Total Liability
Pensions
Full Recommended Contribution
$1.0B $594M
Actual Actual
$902M $310M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
LOUISIANA
Pensions
56%
Percent Funded
$41.4B
Total Liability
0%
Percent Funded
$10.0B
Total Liability
Pensions
Full Recommended Contribution
$1.6B $1.3B
Actual Actual
$916M $230M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
MAINE
Pensions
70%
Percent Funded
$14.8B
Total Liability
6%
Percent Funded
$2.6B
Total Liability
Pensions
Full Recommended Contribution
$330M $342M
Actual Actual
$157M $82M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
MARYLAND
Pensions
64%
Percent Funded
$54.5B
Total Liability
1%
Percent Funded
$16.5B
Total Liability
Pensions
Full Recommended Contribution
$1.5B $1.3B
Actual Actual
$1.2B $346M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
MASSACHUSETTS
Pensions
71%
Percent Funded
$63.9B
Total Liability
2%
Percent Funded
$16.6B
Total Liability
Pensions
Full Recommended Contribution
$1.9B $1.2B
Actual Actual
$1.2B $372M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
MICHIGAN
Pensions
72%
Percent Funded
$77.8B
Total Liability
2%
Percent Funded
$45.5B
Total Liability
Pensions
Full Recommended Contribution
$1.6B $1.4B
Actual Actual
$3.9B $1.4B
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
MINNESOTA
Pensions
80%
Percent Funded
$57.6B
Total Liability
0%
Percent Funded
$1.2B
Total Liability
Pensions
Full Recommended Contribution
$1.3B $863M
Actual
$125M $55M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
MISSISSIPPI
Pensions
64%
Percent Funded
$32.2B
Total Liability
0%
Percent Funded
$0.7B
Total Liability
Pensions
Full Recommended Contribution
$762M $766M
Actual
$56M $35M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
MISSOURI
Pensions
77%
Percent Funded
$57.2B
Total Liability
3%
Percent Funded
$3.2B
Total Liability
Pensions
Full Recommended Contribution
$1.3B $1.1B
Actual
$268M $132M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
MONTANA
Pensions
70%
Percent Funded
$11.0B
Total Liability
0%
Percent Funded
$0.5B
Total Liability
Pensions
Full Recommended Contribution
$244M $197M
Actual
$53M $0
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
NEBRASKA
Pensions
84%
Percent Funded
$10.0B
Total Liability
No data available
Pensions
Full Recommended Contribution
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
NEVADA
Pensions
70%
Percent Funded
$35.2B
Total Liability
2%
Percent Funded
$1.7B
Total Liability
Pensions
Full Recommended Contribution
$1.4B $1.3B
Actual
$221M $46M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
NEW HAMPSHIRE
Pensions
59%
Percent Funded
$9.0B
Total Liability
2%
Percent Funded
$3.3B
Total Liability
Pensions
Full Recommended Contribution
$272M $272M
Actual Actual
$238M $85M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
NEW JERSEY
Pensions
71%
Percent Funded
$123.2B
Total Liability
0%
Percent Funded
$71.4B
Total Liability
Pensions
Full Recommended Contribution
$4.5B $1.4B
Actual Actual
$5.5B $1.5B
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
NEW MEXICO
Pensions
72%
Percent Funded
$30.2B
Total Liability
5%
Percent Funded
$3.5B
Total Liability
Pensions
Full Recommended Contribution
$693M $610M
Actual Actual
$298M $112M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
NEW YORK
Pensions
94%
Percent Funded
$156.6B
Total Liability
0%
Percent Funded
$56.8B
Total Liability
Pensions
Full Recommended Contribution
$2.3B $2.3B
Actual Actual
$3.4B $1.2B
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
NORTH CAROLINA
Pensions
96%
Percent Funded
$79.6B
Total Liability
3%
Percent Funded
$34.0B
Total Liability
Pensions
Full Recommended Contribution
$772M $773M
Actual Actual
$3.1B $893M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
NORTH DAKOTA
Pensions
72%
Percent Funded
$5.0B
Total Liability
30%
$0.2B
Total Liability
Percent Funded
Pensions
Full Recommended Contribution
$108M $71M
Actual
$14M $9M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
OHIO
Pensions
67%
Percent Funded
$175.4B
Total Liability
32%
$43.2B
Total Liability
Percent Funded
Pensions
Full Recommended Contribution
$3.8B $2.5B
Actual Actual
$2.5B $895M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
OKLAHOMA
Pensions
56%
Percent Funded
$36.4B
Total Liability
0%
Percent Funded
$0.003B
Total Liability
Pensions
Full Recommended Contribution
$1.5B $1.1B
Actual
$0.16M $0.13M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
OREGON
Pensions
87%
Percent Funded
$59.3B
Total Liability
31%
$0.8B
Total Liability
Percent Funded
Pensions
Full Recommended Contribution
$472M $472M
Actual
$49M $33M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
PENNSYLVANIA
Pensions
75%
Percent Funded
$118.2B
Total Liability
1%
Percent Funded
$17.5B
Total Liability
Pensions
Full Recommended Contribution
$2.8B $799M
Actual Actual
$1.2B $714M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
RHODE ISLAND
Pensions
49%
Percent Funded
$13.4B
Total Liability
0%
Percent Funded
$0.8B
Total Liability
Pensions
Full Recommended Contribution
$306M $306M
Actual
$56M $38M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
SOUTH CAROLINA
Pensions
66%
Percent Funded
$44.0B
Total Liability
5%
Percent Funded
$9.7B
Total Liability
Pensions
Full Recommended Contribution
$957M $957M
Actual Actual
$795M $303M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
SOUTH DAKOTA
Pensions
96%
Percent Funded
$7.5B
Total Liability
0%
Percent Funded
$0.07B
Total Liability
Pensions
Full Recommended Contribution
$99M $97M
Actual
$8M $3M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
TENNESSEE
Pensions
90%
Percent Funded
$35.2B
Total Liability
0%
Percent Funded
$1.7B
Total Liability
Pensions
Full Recommended Contribution
$837M $837M
Actual
$154M $62M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
TEXAS
Pensions
83%
Percent Funded
$163.4B
Total Liability
1%
Percent Funded
$56.0B
Total Liability
Pensions
Full Recommended Contribution
$3.4B $2.8B
Actual Actual
$4.5B $1.2B
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
UTAH
Pensions
82%
Percent Funded
$25.7B
Total Liability
22%
$0.5B
Total Liability
Percent Funded
Pensions
Full Recommended Contribution
$695M $695M
Actual
$46M $44M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
VERMONT
Pensions
75%
Percent Funded
$4.1B
Total Liability
0.5%
Percent Funded
$1.6B
Total Liability
Pensions
Full Recommended Contribution
$90M $84M
Actual Actual
$117M $23M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
VIRGINIA
Pensions
72%
Percent Funded
$75.9B
Total Liability
26%
$5.9B
Total Liability
Percent Funded
Pensions
Full Recommended Contribution
$1.6B $1.1B
Actual Actual
$335M $215M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
WASHINGTON
Pensions
95%
Percent Funded
$61.7B
Total Liability
0%
Percent Funded
$6.9B
Total Liability
Pensions
Full Recommended Contribution
$1.9B $988M
Actual
$706M $138M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
WEST VIRGINIA
Pensions
58%
Percent Funded
$15.0B
Total Liability
6%
Percent Funded
$7.4B
Total Liability
Pensions
Full Recommended Contribution
$602M $561M
Actual
$348M $67M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
WISCONSIN
Pensions
100%
Percent Funded
$80.8B
Total Liability
38%
Percent Funded
$2.5B
Total Liability
Pensions
Full Recommended Contribution
$687M $742M
Actual Actual
$210M $104M
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.
WYOMING
Pensions
86%
Percent Funded
$7.7B
Total Liability
0%
Percent Funded
$0.3B
Total Liability
Pensions
Full Recommended Contribution
$153M $126M
Actual
$21M $7M
Actual
Pensions
solid performer
needs improvement
serious concerns
The grades for pensions and retiree health bene ts assess how well the states have managed these liabilities. The pension grade is based on being above 80 percent funded (2 points), having an unfunded liability that is less than the payroll for active members (1 point), and paying at least 90 percent of the recommended pension contribution over the last ve years (1 point). Plans that got all four points were solid performers, plans with two or three needed improvement, and plans with one or no points were cause for serious concern. Grades for retiree health bene ts were based on whether the states bene ts had a funding level above the national average (1 point), whether 90 percent of the recommended contribution was made in the most recent year (1 point), and whether the states plans were better funded based on the most recent data than they were in the prior year (1 point). States with two or three points were solid performers, those with just one point needed improvement, and states with no points were cause for serious concern. This fact sheet stems from a 50-state analysis of states retiree bene t obligations by the Pew Center on the States. The full report and 50 state fact sheets can be found at
www.pewstates.org.