Wisconsin has nation’s strongest pension plan

chronological order in essay writing pension,moneyAccording to a new Morningstar report, Wisconsin has the nation’s strongest pension plan. Wisconsin’s public pension was 99.9 percent funded, with unfunded liabilities of $18 per capita.

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go here On average, state pension plans are roughly 73 percent funded, according to Morningstar, an investor research company that puts together the annual report. While experts consider many factors, a funded ratio of 80 percent or better is considered to be a rough measure of a healthy plan. Funding ratios dropped last year, thanks to deferred losses from the economic downturn, but the situation is improving, the report’s author Rachel Barkley says.

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enter site New York, North Carolina, South Dakota, Tennessee and Washington were also funded at 90 percent or more. Six states had less than $100 in per capita unfunded liabilities. Illinios had the worst with a ratio of 40.4 percent and a per capita unfunded liability of $7,421.

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