And that's good. In fact, it's better than good.
Wisconsin is currently the strongest system, with a 99.8% funded ratio and a UAAL of $23 per capita.
As confirmed by.....
The State of State Pension Plans: A Deep Dive Into Shortfalls and Surpluses. (Found via the Wisconsin Budget Project blog. Maps at top found on page 3 of Morningstar report.)
From page 15 of report. For the years 2007-2011. (Add 3 zeroes, i.e., Wisconsin total assets for 2011 are $80,626,900,000 -- billions.)
AAL = Actuarial accrued liability..
UAAL = Diifference between AVA and AAL. The lower the number, the better. Illinois, with the worst-funded pension system, has a UAAL of 6,505.
No comments:
Post a Comment