PrintFebruary 20, 2010
Graph of the Day for February 20, 2010
"Mr. Obama also recently pointed to his work on the Illinois pension issue as a model for what he would do as president..." The New York Times, 2007.
"Nineteen states were rated as meriting serious concerns. Illinois-the worst-performing state-was one of eight to earn zero points toward its pension grade... The state's pension plans are underfunded (at 54 percent), have high unfunded liabilities (340 percent of covered payroll) and have insufficient contributions (less than 60 percent of the actuarially required contribution was paid in 2008)." The Trillion Dollar Gap, a report by the Pew Center on the States on state pensions and retiree benefits.
Source: Pew Center on the States. Hoven's Index for February 20, 2010
Percentage of accrued pension liabilities that are funded, for four highest and four lowest states:
Illinois: 54%
Kansas: 59%
Oklahoma: 61%
Rhode Island: 61%
Washington: 100%
Wisconsin: 100%
Florida: 101%
New York: 107%
Source: Pew Center on the States.
Graph of the Day Archive.
