LIST: Colorado Has 5th Worst Managed Pension Fund in U.S.A.
Colorado future retirees have the fifth-worst managed pension fund in the country, which puts their benefits at risk, reports financial news website 24/7 Wall St.
24/7 Wall St. reviewed the rank of severity of each state’s pension crisis.
Colorado came in fifth.
> Funded ratio: 47.1%
> Total pension shortfall: $54.6 billion (6th largest)
> Gov’t workers as share of total workforce: 16.3% (25th highest)
> Avg. annual payout per public retiree: $34,817 (5th highest)
The 10 State’s with the Worst Pension Funds:
- Kentucky
- New Jersey
- Illinois
- Connecticut
- Colorado
- Rhode Island
- South Carolina
- Hawaii
- Pennsylvania
- Massachusetts