State and Local Government Pension Funding Ratios, 2014 · Source: Pension assets and state revenue...

15
AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY 67% 53% 63% 85% 76% 62% 47% 93% 131% 86% 68% 60% 89% 46% 77% 89% 68% 46% 60% 81% 69% 52% 64% 76% 62% 73% 71% 81% 70% 62% 47% 64% 87% 88% 68% 73% 75% 88% 54% 55% 56% 71% 92% 88% 88% 58% 76% 83% 78% 125% 75% Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis Note: Reported percentages are pension funding ratios, defined as pension assets as a percentage of pension liabilities. Funding Ratio <= 50% 50.1-60% 60.1-70% 70.1-80% 80.1-90% >90.1% State and Local Government Pension Funding Ratios, 2014

Transcript of State and Local Government Pension Funding Ratios, 2014 · Source: Pension assets and state revenue...

Page 1: State and Local Government Pension Funding Ratios, 2014 · Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis

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WA

WV

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67%

53%

63%85%

76%

62%

47%

93%

131%

86%

68%

60%

89%

46% 77%

89%

68%46%

60%

81%

69%

52%64%

76%

62%

73%

71%

81%

70%

62%

47%

64%

87%

88%

68%

73%

75%

88%

54%55%

56%

71%

92%

88%

88%

58%

76%

83%

78%

125%

75%

Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis Note: Reported percentages are pension funding ratios, defined as pension assets as a percentage of pension liabilities.

Funding Ratio

<= 50% 50.1−60% 60.1−70% 70.1−80% 80.1−90% >90.1%

State and Local Government Pension Funding Ratios, 2014

Page 2: State and Local Government Pension Funding Ratios, 2014 · Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis

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MT

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NV

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NJ

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NY

NC

ND

OH

OK

OR

PARI

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY

71%

49%

65%80%

75%

62%

48%

90%

137%

86%

68%

57%

88%

45% 81%

91%

67%49%

60%

82%

68%

53%67%

75%

61%

67%

75%

76%

67%

59%

49%

66%

84%

91%

68%

72%

74%

89%

57%57%

59%

72%

95%

91%

86%

61%

77%

81%

76%

125%

80%

Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis Note: Reported percentages are pension funding ratios, defined as pension assets as a percentage of pension liabilities.

Funding Ratio

<= 50% 50.1−60% 60.1−70% 70.1−80% 80.1−90% >90.1%

State and Local Government Pension Funding Ratios, 2013

Page 3: State and Local Government Pension Funding Ratios, 2014 · Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis

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AK

AZAR

CA

CO

CT

DE

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FL

GA

HI

ID

IL IN

IA

KSKY

LA

ME

MD

MAMI

MN

MS

MO

MT

NE

NV

NH

NJ

NM

NY

NC

ND

OH

OK

OR

PARI

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY

61%

44%

58%72%

67%

55%

45%

80%

127%

76%

61%

53%

81%

41% 71%

81%

59%45%

52%

72%

60%

48%58%

67%

53%

60%

70%

67%

61%

53%

44%

57%

73%

82%

63%

61%

64%

75%

51%49%

53%

65%

85%

84%

76%

56%

67%

75%

65%

110%

73%

Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis Note: Reported percentages are pension funding ratios, defined as pension assets as a percentage of pension liabilities.

Funding Ratio

<= 50% 50.1−60% 60.1−70% 70.1−80% 80.1−90% >90.1%

State and Local Government Pension Funding Ratios, 2012

Page 4: State and Local Government Pension Funding Ratios, 2014 · Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis

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AK

AZAR

CA

CO

CT

DE

DC

FL

GA

HI

ID

IL IN

IA

KSKY

LA

ME

MD

MAMI

MN

MS

MO

MT

NE

NV

NH

NJ

NM

NY

NC

ND

OH

OK

OR

PARI

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY

53%

44%

56%71%

66%

54%

44%

79%

120%

76%

59%

53%

81%

41% 69%

80%

58%45%

50%

71%

58%

47%56%

65%

51%

58%

65%

64%

59%

51%

44%

56%

69%

81%

62%

59%

61%

71%

50%48%

53%

63%

82%

82%

74%

56%

65%

75%

61%

108%

70%

Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis Note: Reported percentages are pension funding ratios, defined as pension assets as a percentage of pension liabilities.

Funding Ratio

<= 50% 50.1−60% 60.1−70% 70.1−80% 80.1−90% >90.1%

State and Local Government Pension Funding Ratios, 2011

Page 5: State and Local Government Pension Funding Ratios, 2014 · Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis

AL

AK

AZAR

CA

CO

CT

DE

DC

FL

GA

HI

ID

IL IN

IA

KSKY

LA

ME

MD

MAMI

MN

MS

MO

MT

NE

NV

NH

NJ

NM

NY

NC

ND

OH

OK

OR

PARI

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY

57%

48%

59%75%

72%

59%

45%

84%

126%

84%

64%

58%

86%

46% 74%

87%

61%48%

53%

71%

62%

50%66%

70%

62%

60%

66%

70%

63%

55%

49%

64%

77%

87%

66%

66%

62%

77%

57%51%

55%

68%

87%

89%

82%

62%

71%

80%

64%

113%

78%

Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis Note: Reported percentages are pension funding ratios, defined as pension assets as a percentage of pension liabilities.

Funding Ratio

<= 50% 50.1−60% 60.1−70% 70.1−80% 80.1−90% >90.1%

State and Local Government Pension Funding Ratios, 2010

Page 6: State and Local Government Pension Funding Ratios, 2014 · Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis

AL

AK

AZAR

CA

CO

CT

DE

DC

FL

GA

HI

ID

IL IN

IA

KSKY

LA

ME

MD

MAMI

MN

MS

MO

MT

NE

NV

NH

NJ

NM

NY

NC

ND

OH

OK

OR

PARI

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY

64%

50%

58%76%

72%

58%

44%

83%

135%

86%

67%

58%

87%

47% 72%

87%

63%49%

53%

66%

61%

51%75%

68%

66%

58%

66%

71%

63%

55%

48%

63%

77%

90%

68%

68%

56%

78%

61%47%

53%

67%

91%

94%

86%

62%

71%

78%

65%

107%

79%

Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis Note: Reported percentages are pension funding ratios, defined as pension assets as a percentage of pension liabilities.

Funding Ratio

<= 50% 50.1−60% 60.1−70% 70.1−80% 80.1−90% >90.1%

State and Local Government Pension Funding Ratios, 2009

Page 7: State and Local Government Pension Funding Ratios, 2014 · Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis

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AK

AZAR

CA

CO

CT

DE

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FL

GA

HI

ID

IL IN

IA

KSKY

LA

ME

MD

MAMI

MN

MS

MO

MT

NE

NV

NH

NJ

NM

NY

NC

ND

OH

OK

OR

PARI

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY

57%

49%

53%71%

70%

55%

42%

76%

129%

80%

60%

53%

77%

45% 63%

82%

61%49%

51%

60%

58%

48%71%

62%

63%

54%

61%

66%

58%

51%

42%

59%

71%

84%

68%

65%

53%

73%

61%42%

53%

62%

84%

83%

83%

56%

70%

75%

55%

97%

75%

Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis Note: Reported percentages are pension funding ratios, defined as pension assets as a percentage of pension liabilities.

Funding Ratio

<= 50% 50.1−60% 60.1−70% 70.1−80% 80.1−90% >90.1%

State and Local Government Pension Funding Ratios, 2008

Page 8: State and Local Government Pension Funding Ratios, 2014 · Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis

AL

AK

AZAR

CA

CO

CT

DE

DC

FL

GA

HI

ID

IL IN

IA

KSKY

LA

ME

MD

MAMI

MN

MS

MO

MT

NE

NV

NH

NJ

NM

NY

NC

ND

OH

OK

OR

PARI

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY

80%

77%

74%96%

101%

75%

59%

104%

167%

111%

80%

78%

106%

63% 92%

121%

94%72%

71%

94%

82%

69%98%

86%

95%

77%

88%

94%

81%

74%

57%

86%

103%

112%

101%

91%

79%

106%

87%58%

83%

90%

110%

108%

120%

84%

102%

106%

67%

137%

111%

Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis Note: Reported percentages are pension funding ratios, defined as pension assets as a percentage of pension liabilities.

Funding Ratio

<= 50% 50.1−60% 60.1−70% 70.1−80% 80.1−90% >90.1%

State and Local Government Pension Funding Ratios, 2007

Page 9: State and Local Government Pension Funding Ratios, 2014 · Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis

AL

AK

AZAR

CA

CO

CT

DE

DC

FL

GA

HI

ID

IL IN

IA

KSKY

LA

ME

MD

MAMI

MN

MS

MO

MT

NE

NV

NH

NJ

NM

NY

NC

ND

OH

OK

OR

PARI

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY

84%

92%

75%96%

102%

72%

59%

96%

165%

110%

79%

84%

108%

66% 101%

119%

94%73%

70%

91%

82%

67%101%

88%

97%

83%

88%

97%

84%

74%

51%

86%

104%

108%

104%

90%

77%

104%

84%61%

88%

89%

106%

112%

114%

87%

97%

102%

51%

137%

112%

Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis Note: Reported percentages are pension funding ratios, defined as pension assets as a percentage of pension liabilities.

Funding Ratio

<= 50% 50.1−60% 60.1−70% 70.1−80% 80.1−90% >90.1%

State and Local Government Pension Funding Ratios, 2006

Page 10: State and Local Government Pension Funding Ratios, 2014 · Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis

AL

AK

AZAR

CA

CO

CT

DE

DC

FL

GA

HI

ID

IL IN

IA

KSKY

LA

ME

MD

MAMI

MN

MS

MO

MT

NE

NV

NH

NJ

NM

NY

NC

ND

OH

OK

OR

PARI

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY

81%

90%

78%95%

101%

73%

57%

93%

184%

110%

80%

79%

105%

67% 98%

115%

84%75%

68%

78%

83%

64%96%

88%

90%

84%

83%

93%

87%

72%

49%

86%

100%

110%

100%

89%

75%

97%

81%63%

90%

86%

105%

107%

103%

86%

94%

98%

46%

136%

104%

Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis Note: Reported percentages are pension funding ratios, defined as pension assets as a percentage of pension liabilities.

Funding Ratio

<= 50% 50.1−60% 60.1−70% 70.1−80% 80.1−90% >90.1%

State and Local Government Pension Funding Ratios, 2005

Page 11: State and Local Government Pension Funding Ratios, 2014 · Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis

AL

AK

AZAR

CA

CO

CT

DE

DC

FL

GA

HI

ID

IL IN

IA

KSKY

LA

ME

MD

MAMI

MN

MS

MO

MT

NE

NV

NH

NJ

NM

NY

NC

ND

OH

OK

OR

PARI

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY

82%

87%

82%95%

101%

74%

56%

100%

141%

118%

83%

72%

104%

68% 91%

113%

84%76%

70%

77%

85%

61%88%

87%

83%

82%

82%

94%

88%

68%

52%

87%

98%

111%

96%

90%

78%

99%

81%62%

91%

84%

108%

102%

98%

85%

93%

94%

54%

141%

95%

Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis Note: Reported percentages are pension funding ratios, defined as pension assets as a percentage of pension liabilities.

Funding Ratio

<= 50% 50.1−60% 60.1−70% 70.1−80% 80.1−90% >90.1%

State and Local Government Pension Funding Ratios, 2004

Page 12: State and Local Government Pension Funding Ratios, 2014 · Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis

AL

AK

AZAR

CA

CO

CT

DE

DC

FL

GA

HI

ID

IL IN

IA

KSKY

LA

ME

MD

MAMI

MN

MS

MO

MT

NE

NV

NH

NJ

NM

NY

NC

ND

OH

OK

OR

PARI

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY

94%

101%

92%104%

109%

78%

62%

109%

133%

128%

94%

78%

108%

72% 93%

128%

88%84%

71%

85%

92%

63%94%

97%

89%

87%

83%

104%

94%

68%

58%

92%

103%

118%

103%

98%

83%

107%

88%60%

99%

90%

121%

113%

96%

91%

101%

99%

54%

149%

98%

Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis Note: Reported percentages are pension funding ratios, defined as pension assets as a percentage of pension liabilities.

Funding Ratio

<= 50% 50.1−60% 60.1−70% 70.1−80% 80.1−90% >90.1%

State and Local Government Pension Funding Ratios, 2003

Page 13: State and Local Government Pension Funding Ratios, 2014 · Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis

AL

AK

AZAR

CA

CO

CT

DE

DC

FL

GA

HI

ID

IL IN

IA

KSKY

LA

ME

MD

MAMI

MN

MS

MO

MT

NE

NV

NH

NJ

NM

NY

NC

ND

OH

OK

OR

PARI

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY

83%

78%

78%90%

92%

74%

56%

96%

113%

103%

84%

69%

91%

62% 77%

110%

74%75%

59%

71%

78%

56%85%

87%

79%

71%

70%

95%

78%

59%

54%

82%

90%

105%

88%

85%

68%

85%

79%51%

87%

77%

105%

97%

83%

78%

88%

87%

47%

117%

93%

Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis Note: Reported percentages are pension funding ratios, defined as pension assets as a percentage of pension liabilities.

Funding Ratio

<= 50% 50.1−60% 60.1−70% 70.1−80% 80.1−90% >90.1%

State and Local Government Pension Funding Ratios, 2002

Page 14: State and Local Government Pension Funding Ratios, 2014 · Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis

AL

AK

AZAR

CA

CO

CT

DE

DC

FL

GA

HI

ID

IL IN

IA

KSKY

LA

ME

MD

MAMI

MN

MS

MO

MT

NE

NV

NH

NJ

NM

NY

NC

ND

OH

OK

OR

PARI

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY

95%

81%

100%107%

100%

88%

63%

114%

166%

114%

97%

86%

108%

74% 91%

126%

88%90%

70%

78%

87%

70%105%

103%

95%

80%

85%

116%

89%

73%

66%

97%

102%

128%

105%

101%

75%

75%

100%65%

98%

87%

121%

115%

103%

90%

106%

105%

55%

140%

110%

Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis Note: Reported percentages are pension funding ratios, defined as pension assets as a percentage of pension liabilities.

Funding Ratio

<= 50% 50.1−60% 60.1−70% 70.1−80% 80.1−90% >90.1%

State and Local Government Pension Funding Ratios, 2001

Page 15: State and Local Government Pension Funding Ratios, 2014 · Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis

AL

AK

AZAR

CA

CO

CT

DE

DC

FL

GA

HI

ID

IL IN

IA

KSKY

LA

ME

MD

MAMI

MN

MS

MO

MT

NE

NV

NH

NJ

NM

NY

NC

ND

OH

OK

OR

PARI

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY

102%

99%

122%118%

109%

84%

65%

133%

241%

111%

92%

93%

127%

78% 99%

149%

95%100%

78%

88%

102%

79%120%

112%

104%

89%

100%

125%

100%

84%

74%

102%

102%

139%

126%

106%

85%

59%

122%72%

102%

106%

133%

139%

113%

101%

124%

120%

57%

165%

108%

Source: Pension assets and state revenue from Census Bureau; Pension liabilities and state GDP from Bureau of Economic Analysis Note: Reported percentages are pension funding ratios, defined as pension assets as a percentage of pension liabilities.

Funding Ratio

<= 50% 50.1−60% 60.1−70% 70.1−80% 80.1−90% >90.1%

State and Local Government Pension Funding Ratios, 2000