10 Worst-Off State Pension Funds
The good news: The libertarian Cato Institute, a Washington, D.C., think tank, issued research in February that found West Virginia was the state that most improved its actuarial funding ratio for state pensions.
In 2001, the state's nine pension plans were 45.1% funded, earning its rank of 50th. By 2009, the funding ratio improved to 50.3%.
The bad news: That still leaves the state with a $5 billion funding gap and some of the most inadequately funded plans in the nation.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV