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Overview

The U.S. had a $968 billion shortfall in 2013 — up $54 billion from the prior year — between the pension benefits that were promised to employees and what was actually saved to make those payments, according to a recent report by Pew Charitable Trusts.

Here are the states with the worst-funded pension programs based on the percentage the programs were funded in 2013. Rankings are listed in ascending order:

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25) Nevada / Vermont

Percentage of pension program funded: 69%

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27) New Mexico / Oklahoma / West Virginia

Percentage of pension program funded: 67%

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30) Alabama / Virginia

Percentage of pension program funded: 66%

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32) Indiana / Maryland

Percentage of pension program funded: 65%

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34) New Jersey / South Carolina

Percentage of pension program funded: 63%

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36) Pennsylvania

Percentage of pension program funded: 62%

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37) Colorado / Massachusetts / North Dakota

Percentage of pension program funded: 61%

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40) Hawaii / Kansas / Michigan

Percentage of pension program funded: 60%

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43) Louisiana / Mississippi / Rhode Island

Percentage of pension program funded: 58%

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46) New Hampshire

Percentage of pension program funded: 57%

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47) Alaska

Percentage of pension program funded: 55%

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48) Connecticut

Percentage of pension program funded: 48%

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49) Kentucky

Percentage of pension program funded: 44%

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50) Illinois

Percentage of pension program funded: 39%

To view the states with the best-funded programs, click here

Also see: State-run pension system is a 'ticking time bomb'

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