State	2009 Funded	2009 Unfunded Liability/Capita	2010 Funded	2010 Unfunded Liability/Capita	2011 Funded	2011 Unfunded Liability/Capita
Alabama	73.9%	2,307	70.3%	2,706	66.9%	3,059
Alaska	61.1%	8,641	59.5%	9,717	59.2%	10,235
Arizona	78.9%	1,237	76.2%	1,464	75.0%	1,592
Arkansas	77.5%	1,781	74.8%	2,092	72.5%	2,412
California	80.6%	2,557	78.2%	3,022	77.1%	3,249
Colorado	67.0%	1,349	62.8%	1,548	57.7%	1,804
Connecticut	61.6%	11,651	61.6%	11,651	53.4%	5,885
Delaware	94.5%	467	92.1%	693	90.7%	870
Florida	87.1%	951	86.6%	1,011	86.9%	1,024
Georgia	90.7%	741	87.9%	975	83.8%	1,376
Hawaii	64.6%	4,676	61.4%	5,353	59.4%	6,114
Idaho	73.6%	2,087	78.4%	1,774	89.9%	853
Illinois	50.6%	4,899	45.4%	5,943	43.4%	6,505
Indiana	63.4%	1,916	61.8%	2,103	59.6%	2,284
Iowa	80.9%	1,686	81.0%	1,701	79.5%	1,959
Kansas	63.7%	2,729	62.2%	2,942	59.2%	3,285
Kentucky	58.2%	3,481	54.3%	3,944	50.5%	4,488
Louisiana	69.9%	2,175	55.6%	3,921	56.0%	3,975
Maine	67.9%	3,008	66.2%	3,243	77.6%	1,913
Maryland	65.0%	3,238	64.1%	3,405	64.7%	3,465
Massachusetts	63.8%	3,141	68.7%	2,828	72.6%	2,589
Michigan	83.6%	1,157	78.9%	1,549	71.5%	2,228
Minnesota	79.6%	2,463	80.8%	2,238	79.3%	2,448
Mississippi	67.4%	3,434	64.2%	3,872	62.3%	4,242
Missouri	78.0%	1,821	75.5%	2,095	80.8%	1,564
Montana	74.3%	2,717	70.0%	3,405	66.3%	3,965
Nebraska	87.5%	643	83.6%	888	81.5%	1,059
Nevada	72.4%	3,468	70.5%	3,944	70.1%	4,192
New Hampshire	58.5%	2,696	58.6%	2,843	57.5%	3,252
New Jersey	66.6%	5,104	69.2%	4,448	67.5%	4,786
New Mexico	76.2%	3,432	72.4%	4,136	67.0%	5,310
New York	101.5%	-111	94.3%	461	90.5%	814
North Carolina	99.2%	46	95.9%	264	95.3%	311
North Dakota	85.8%	437	74.5%	903	71.7%	1,061
Ohio	75.2%	1,603	75.2%	1,672	78.9%	1,496
Oklahoma	57.7%	3,653	56.1%	3,968	67.0%	2,603
Oregon	80.2%	2,855	85.8%	2,148	86.9%	2,059
Pennsylvania	80.8%	1,691	75.1%	2,334	67.8%	3,264
Rhode Island	58.7%	4,495	61.3%	3,892	58.6%	4,230
South Carolina	70.1%	2,672	68.6%	2,923	66.5%	3,265
South Dakota	91.7%	776	96.1%	365	96.3%	362
Tennessee	90.6%	436			92.1%	415
Texas	84.1%	1,016	83.3%	1,126	82.9%	1,188
Utah	85.8%	1,301	82.7%	1,660	78.3%	2,198
Vermont	71.1%	1,689	72.7%	1,611	70.4%	1,909
Virginia	83.5%	1,369	79.7%	1,787	72.0%	2,707
Washington	89.6%	907	92.5%	657	98.1%	160
West Virginia	63.6%	2,699	55.9%	3,417	57.9%	3,427
Wisconsin	99.7%	45	99.8%	34	99.8%	23
Wyoming	88.8%	1,522	85.9%	1,999	83.0%	2,486

Source: Morningstar compilation of data from CAFR reports and state agencies

Related Content

• Why Kentucky's Pension Reform Has Some Governments Yawning
• Kentucky Gov. Steve Beshear calls its pension reform “a good solution to a thorny problem." But the state’s local governments are far less impressed.

• Pension Reform Success Stories
• Most states and many municipalities have passed some kind of pension reform in recent years, but only a few did so in a way that addresses the immediate unfunded liability of their plans.

• Illinois House Passes Pension Reform
• House lawmakers in Illinois have passed the first step toward significant reform of the state's woefully underfunded pension system, but the controversial move would limit cost-of-living increases.

• SEC Charges Illinois with Securities Fraud
• Illinois is only the second state to ever be accused of securities fraud. According to the SEC, the state misled investors about its underfunded pension system.

• South Carolina Treasurer Fires Back After Censure
• Despite official admonishment from the state investment commission, South Carolina State Treasurer Curtis Loftis is continuing to speak out against what he sees as mismanagement of pension funds.

• Fat Cat Public Retirees? Think Again.
• Some say one of the biggest misconceptions about public retirees is that pensions are making people rich.

• Muni Bond Market a Political Pawn in 2013
• Experts say that 2013 will be a minefield of uncertainty for investors as the tax debate in Congress and financial volatility at home raise questions about muni market stability.

• Virginia Looks at 401ks for New Employees
• Some Virginia leaders are pushing to enroll new state employees to a 401k-style retirement plan as that state’s pension costs have soared and the pension’s funding has decreased.

• Georgia's Startup Investment from Pensions Falling Short of Expectations
• Six months after Georgia enacted a law meant to attract more startups by allowing the state’s pension plans to invest in them, few plans have actually taken advantage, according to an Atlanta Journal Constitution report.

• Report: 21 States’ Pension Systems Not Fiscally Sound
• A new report examines the financial health of state pension systems. View maps and data for each state.

• Pennsylvania Gov. Corbett Calls for Pension Reform
• The Corbett administration released a detailed report warning of steep budget cuts if a way is not found swiftly to rein in public-pension spending.

• Public Pension Portfolios Double Down
• A new study blames GASB policy for spurring state and local governments to make riskier investments.

• 4 Myths About Public Pension Retirees
• As pension reform debates continue, retiree advocates offer up a few common misconceptions about pensioners.