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.
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