Only Four of 126 State Pensions Are Fully Funded

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Harrison Roger
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Which States Have Been the Best at Managing Pension Funding in the Past Decade? The (Wall Street Journal recently reported ) on pension funding under the old Governmental Accounting Standards Board (GASB) criteria compared with the new GASB standards.  Overall, according to the Center for Retirement Research at Boston College (BC), the percent of liabilities funded under the new standard are about 20% lower.  Given the long-term problem of funding pensions, this article answers the question: which states have improved their pension funding status over the past decade, and which states have shifted the responsibility further onto future taxpayers. The…

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Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.