Question of the Day

Among the 50 U.S. states, by how much is the median pension fund for government employers underfunded?

Correct Answer

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According to a recent analysis by Bloomberg, "the median state pension had 74.5 percent of assets needed to meet promised benefits." This amounts to a shortfall of 25%. These shortfalls ranged from a high of 62% in NJ to a surplus of 4% in South Dakota.