Besides the Federal Unfunded Liabilities, the individual states have their own challenges. Let’s not forget the city unfunded liabilities as well. How much more debt can the future generation absorb? Who is going to be responsible for all the mounting debt in an economy that is not responding to the Fed’s $85 Billion per month stimulus?
State Budget Solutions 50 State Pension Table, Moody’s Plan List (all figures except Per Capita in thousands)
State |
Actuarial Assets |
Market Liability |
Funded Ratio |
Unfunded Liability | ||
. |
Alabama |
$27,902,559 |
$82,669,822 |
34% |
$54,767,263 |
|
. |
Alaska |
$10,108,098 |
$33,579,228 |
30% |
$23,471,130 |
|
. |
Arizona |
$30,359,859 |
$79,925,775 |
38% |
$49,565,916 |
|
. |
Arkansas |
$6,864,900 |
$18,711,205 |
37% |
$11,846,305 |
|
. |
California |
$415,621,000 |
$995,095,267 |
42% |
$579,474,267 |
|
. |
Colorado |
$12,538,675 |
$41,576,848 |
30% |
$29,038,173 |
|
. |
Connecticut |
$23,479,800 |
$97,439,982 |
24% |
$73,960,182 |
|
. |
Delaware |
$7,565,440 |
$15,680,810 |
48% |
$8,115,370 |
|
. |
Florida |
$127,891,781 |
$280,543,392 |
46% |
$152,651,611 |
|
. |
Georgia |
$67,688,311 |
$151,447,824 |
45% |
$83,759,513 |
|
. |
Hawaii |
$12,242,500 |
$39,193,563 |
31% |
$26,951,063 |
|
. |
Idaho |
$11,306,200 |
$24,516,498 |
46% |
$13,210,298 |
|
. |
Illinois |
$63,372,566 |
$314,857,111 |
20% |
$251,484,545 |
|
. |
Indiana |
$21,002,787 |
$60,375,598 |
35% |
$39,372,811 |
|
. |
Iowa |
$23,530,094 |
$53,887,720 |
44% |
$30,357,626 |
|
. |
Kansas |
$13,278,490 |
$46,167,691 |
29% |
$32,889,201 |
|
. |
Kentucky |
$18,289,914 |
$72,317,917 |
25% |
$54,028,003 |
|
. |
Louisiana |
$24,014,289 |
$86,835,337 |
28% |
$62,821,048 |
|
. |
Maine |
$11,076,400 |
$24,761,724 |
45% |
$13,685,324 |
|
. |
Maryland |
$34,089,464 |
$101,771,068 |
33% |
$67,681,604 |
|
. |
Massachusetts |
$42,649,119 |
$130,540,526 |
33% |
$87,891,407 |
|
. |
Michigan |
$10,212,000 |
$30,600,677 |
33% |
$20,388,677 |
|
. |
Minnesota |
$27,345,756 |
$73,262,495 |
37% |
$45,916,739 |
|
. |
Mississippi |
$19,992,797 |
$67,673,609 |
30% |
$47,680,812 |
|
. |
Missouri |
$7,897,167 |
$21,176,705 |
37% |
$13,279,538 |
|
. |
Montana |
$7,347,601 |
$21,914,863 |
34% |
$14,567,262 |
|
. |
Nebraska |
$1,418,153 |
$3,023,170 |
47% |
$1,605,017 |
|
. |
Nevada |
$27,399,000 |
$75,741,238 |
36% |
$48,342,238 |
|
. |
New Hampshire |
$5,861,896 |
$19,751,867 |
30% |
$13,889,971 |
|
. |
New Jersey |
$42,800,310 |
$147,143,964 |
29% |
$104,343,654 |
|
. |
New Mexico |
$21,218,347 |
$63,717,053 |
33% |
$42,498,706 |
|
. |
New York |
$147,809,000 |
$309,763,562 |
48% |
$161,954,562 |
|
. |
North Carolina |
$58,125,011 |
$109,297,356 |
53% |
$51,172,345 |
|
. |
North Dakota |
$3,375,500 |
$10,541,999 |
32% |
$7,166,499 |
|
. |
Ohio |
$124,925,508 |
$367,278,792 |
34% |
$242,353,284 |
|
. |
Oklahoma |
$20,466,046 |
$60,727,151 |
34% |
$40,261,105 |
|
. |
Oregon |
$44,943,100 |
$120,068,763 |
37% |
$75,125,663 |
|
. |
Pennsylvania |
$83,530,310 |
$239,398,931 |
35% |
$155,868,621 |
|
. |
Rhode Island |
$6,167,492 |
$19,527,153 |
32% |
$13,359,661 |
|
. |
South Carolina |
$29,349,683 |
$82,013,612 |
36% |
$52,663,929 |
|
. |
South Dakota |
$7,828,000 |
$14,938,398 |
52% |
$7,110,398 |
|
. |
Tennessee |
$36,680,783 |
$73,328,483 |
50% |
$36,647,700 |
|
. |
Texas |
$142,598,556 |
$340,996,932 |
42% |
$198,398,376 |
|
. |
Utah |
$20,386,602 |
$49,001,616 |
42% |
$28,615,014 |
|
. |
Vermont |
$2,918,189 |
$7,943,333 |
37% |
$5,025,144 |
|
. |
Virginia |
$54,473,000 |
$133,823,921 |
41% |
$79,350,921 |
|
. |
Washington |
$59,564,000 |
$122,563,542 |
49% |
$62,999,542 |
|
. |
West Virginia |
$9,397,333 |
$27,378,131 |
34% |
$17,980,798 |
|
. |
Wisconsin |
$78,940,000 |
$138,707,039 |
57% |
$59,767,039 |
|
. |
Wyoming |
$6,187,203 |
$15,289,057 |
40% |
$9,101,854 |
|
. |
Total |
$2,114,030,589 |
$5,518,488,319 |
38% |
$3,404,457,730 |
Note: this spreadsheet included pension plans listed in Moody’s Investors Service’s "Adjusted Pension Liability Medians for U.S. States," published June 27, 2013