Oregon pension funding better than most

| Print |  Email
Articles - July/August 2012
Monday, July 09, 2012

BY BRANDON SAWYER

A recent Pew Center on the States report found that most states are struggling to meet the long-term costs of their public-employee pensions and retiree health care benefits, largely due to the lingering effects of investments made before the financial crisis. In fiscal year 2010 there was a $1.38 trillion gap between public-sector retirement obligations and assets set aside, a 9% increase from 2009. Oregon fared much better than most states but needs improvement on pension funding. The state had a $60.1 billion long-term liability for retirement plans in 2010 and set aside $8 billion less than was recommended, according to Pew.

Top 10 states for funding of public sector pensions, 2010
Rank 2010 State Public pension liability Percent funded
1 Wisconsin $80.8b 100%
2 (tie) North Carolina $79.6b 96%
2 (tie) South Dakota $7.5b 96%
4 Washington $61.7b 95%
5 New York $156.6b 94%
6 Delaware $7.9b 92%
7 Tennessee $35.2b 90%
8 Oregon $59.3b 87%
9 Wyoming $7.7b 86%
10 Georgia $81.1b 85%


Top 10 states for funding of state retiree health care, 2010
Rank 2010 State Retiree health-care liability Percent funded
1 Arizona $2.3b 69%
2 Alaska $12.4b 50%
3 Wisconsin * $2.5b 38%
4 Ohio * $43.2b 32%
5 Oregon $767.6m 31%
6 North Dakota $162.0m 30%
7 Virginia * $5.9b 26%
8 Utah $510.4m 22%
9 Kentucky $8.8b 15%
10 Colorado $2.2b 14%

SOURCE: Pew Center on the States, 2012

*Data from 2009.

 

More Articles

5 questions for ImpactFlow CEO Tyler Foreman

The Latest
Thursday, August 13, 2015
impactflowthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

Portland-based startup ImpactFlow recently announced a $5.7 million funding round. CEO and co-founder Tyler Foreman talks about matching businesses with nonprofits, his time at Intel and the changing face of philanthropy.


Read more...

Photo Log: Shooting 10 innovators in rural health care

The Latest
Monday, August 03, 2015
007blogBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

You may have noticed the photos of our rural health innovators departed from the typical Oregon Business aesthetic.


Read more...

Inside the Box

September 2015
Wednesday, August 19, 2015
BY GINA BINOLE

Screening for “culture fit” has become an essential part of the hiring process. But do like-minded employees actually build strong companies — or merely breed consensus culture?


Read more...

Downtime with Jill Nelson

September 2015
Wednesday, August 19, 2015
BY JACOB PALMER

Live, Work, Play wit the CEO of Ruby Receptionists.


Read more...

The Private 150: From Strength to Strength

July/August 2015
Monday, July 13, 2015
BY KIM MOORE

Revenues in Oregon's private, for profit sector maintained solid growth as the economy continued to rebound.


Read more...

Loose Talk

July/August 2015
Friday, July 10, 2015
BY AMY MILSHTEIN

When gossip crosses the line.


Read more...

Is there life beyond Reed?

September 2015
Wednesday, August 19, 2015
BY GARY THILL | PHOTOS BY JASON E. KAPLAN

A storied institution climbs down from the ivory tower.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS