Most US Public Pension Funds Are Distressed, per Equable Report – Pension Policy International

At the end of fiscal 2023, the average funded ratio for public pension funds in the U.S. was 78.1%, up from 74.9% in fiscal 2022. The states with distressed status, which Equable defines as a funded status lower than 60%, include South Carolina (59.9%), Connecticut (57.8%), New Jersey (53.5%), Illinois (50.9%) and Kentucky (50.1%).

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