States with the worst-funded pension programs
August 25, 2015 3:45 AM
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:
[Image: Fotolia]
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:
[Image: Fotolia]
25) Nevada / Vermont
Percentage of pension program funded: 69%
[Image: Fotolia]
[Image: Fotolia]
27) New Mexico / Oklahoma / West Virginia
Percentage of pension program funded: 67%
[Image: Fotolia]
[Image: Fotolia]
30) Alabama / Virginia
Percentage of pension program funded: 66%
[Image: Fotolia]
[Image: Fotolia]
32) Indiana / Maryland
Percentage of pension program funded: 65%
[Image: Fotolia]
[Image: Fotolia]
34) New Jersey / South Carolina
Percentage of pension program funded: 63%
[Image: Fotolia]
[Image: Fotolia]
36) Pennsylvania
Percentage of pension program funded: 62%
[Image: Fotolia]
[Image: Fotolia]
37) Colorado / Massachusetts / North Dakota
Percentage of pension program funded: 61%
[Image: Fotolia]
[Image: Fotolia]
40) Hawaii / Kansas / Michigan
Percentage of pension program funded: 60%
[Image: Fotolia]
[Image: Fotolia]
43) Louisiana / Mississippi / Rhode Island
Percentage of pension program funded: 58%
[Image: Fotolia]
[Image: Fotolia]
46) New Hampshire
Percentage of pension program funded: 57%
[Image: Fotolia]
[Image: Fotolia]
47) Alaska
Percentage of pension program funded: 55%
[Image: Fotolia]
[Image: Fotolia]
48) Connecticut
Percentage of pension program funded: 48%
[Image: Fotolia]
[Image: Fotolia]
49) Kentucky
Percentage of pension program funded: 44%
[Image: Fotolia]
[Image: Fotolia]
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'
[Image: Fotolia]
To view the states with the best-funded programs, click here
Also see: State-run pension system is a 'ticking time bomb'
[Image: Fotolia]
