State Pension Funds: Who's in Worst Shape?

Which states have the worst pension fund liabilities? Here's a hint: both of Obama's home states make the list.

Here are the states in worst liability shape according to Pew:

Hawaii, $16.6 billion in liabilities, only 69% funded.

Kentucky, $34 billion in liabilities, only 64% funded.

Connecticut, $41 billion in liabilities, only 62% funded.

Rhode Island, $11 billion in liabilities, only 61% funded. (How does Rhode Island, with barely 1 million people, rack up $11 billion in retirement liabilities? Short answer - a very loose disability system.)

Oklahoma, $33.5 billion in liabilities, less than 61% funded.

And in the place of disgrace, absolute last:

Illinois. $119 billion in liabilities, only 54% funded. Illinois taxpayers, you are warned.

Tweet