Slideshow States with best-funded pension programs

Published
  • August 24 2015, 3:00am EDT
15 Images Total

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 best funded pension programs based on the percentage the programs were funded in 2013. Rankings are listed in descending order:

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23) California / Arizona

Percentage of pension program funded: 72%

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22) Montana

Percentage of pension program funded: 73%

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20) Arkansas / Ohio

Percentage of pension program funded: 74%

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19) Minnesota

Percentage of pension program funded: 75%

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18) Missouri

Percentage of pension program funded: 77%

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16) Georgia / Wyoming

Percentage of pension program funded: 79%

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12) Maine / Nebraska / Texas / Utah

Percentage of pension program funded: 80%

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10) Florida / Iowa

Percentage of pension program funded: 81%

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9) Idaho

Percentage of pension program funded: 85%

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7) Washington / Delaware

Percentage of pension program funded: 88%

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6) New York

Percentage of pension program funded: 89%

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5) Tennessee

Percentage of pension program funded: 94%

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3) North Carolina / Oregon

Percentage of pension program funded: 96%

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1) South Dakota / Wisconsin

Percentage of pension program funded: 100%

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

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

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