Sign-up today for your complimentary subscription to the State Net Capitol Journal to stay up-to-date on the latest news from America’s statehouses.
Editor: Rich Ehisen
Associate Editor: Korey Clark
Editorial Advisor: Lou Cannon
Contributing Editor: Mary Anne Peck
Graphic Design: Vanessa Perez Design
Ideas and suggestions are always welcome. Please let us know how we can improve your newsletter! We welcome your feedback.
State Net Sign-on Page
State Net Product Page
HomeSpotlight Story | Bird’s Eye View | Budget & Taxes | Politics & Leadership | Governors | Hot Issues | Once Around the Statehouse Lightly
As of 2016, the last year for which complete data is available, states had only 71.1 percent of the assets they needed to cover future pension payments to retirees, down from 74.5 percent in 2015. New Jersey was in the worst shape, with a pension funding ratio of 30.9 percent, down from 37.5 percent in 2015. Four other states had ratios under 50 percent. Just three states had pension systems in that condition in 2015.
States with lowest pension funding ratios: New Jersey, Kentucky, Illinois, Connecticut, Colorado
States with highest pension funding ratios: South Dakota, New York, Nebraska, Wisconsin*, Tennessee*
* Funding ratio based on old pension accounting and reporting standards (GASB Statement No. 25)