The health of city pension funds varies widely. The typical plan is 70% funded, but Chicago’s pension is just 23% funded. Indianapolis has the best-positioned plan at 98% funded, S&P Global Ratings says.

Pension liability as measured by the plans’ potential cost to taxpayers follows a similar trend. Chicago’s plan imposes the biggest burden by far, at $12,427 per Chicagoan. Indianapolis’ pension liability is just $66 per person.