Pension and Retiree Health Care Funding

Many states continue to face shortfalls between assets and liabilities

Pension and Retiree Health Care Funding

Many state-run retirement systems face significant shortfalls between the pension benefits that governments promised to their workers and the funding available to meet those obligations.

Some pension plans for state and local workers are well-funded, but unless changes are made in a number of other states, retirees, workers, and taxpayers will have to contend with rising costs and potentially unpaid promises for years to come.

Issue Brief

The State Pension Funding Gap: 2017

Quick View
Issue Brief

After nine years of revenue growth and strong investment performance, the pension funding gap—the difference between a retirement system’s assets and its liabilities—for all 50 states remains more than $1 trillion, and the disparity between well-funded public pension systems and those that are fiscally strained has never been greater.

Additional Resources