From 2016. Things are worse today. Much worse!-----Public Pensions: Underfunded and Unaffordable - Americans for Prosperity

Public Pensions: Underfunded and Unaffordable - Americans for Prosperity: 
"Is your state’s pension program in trouble? 
...According to ALEC, Wisconsin has the best funded pension ratio rate in the nation at 63.4 percent. Funding ratio refers to the percentage of the pension fund that has been funded. 
...Kentucky has the second worst pension in the country. 
...New Jersey is guilty of similar behavior. 
Today, the state faces $235.5 billion in unfunded liabilities and a pension with a funding ratio of just 26.9 percent. 
New Jersey ranks forty seventh in pension funding on ALECs rankings. 
The teacher pension fund will run out in 2027, the state police and government workers’ pension funds will follow in 2033. 
...The federal government took notice, and the S.E.C. settled a securities fraud suit in 2010, issuing the New Jersey government a “cease and desist” order.
Michigan finds itself in a similar situation with $156.9 billion in unfunded liabilities. 
The ALEC report ranks Michigan’s pension funding ratio of 27.5 percent one spot above New Jersey on the list. 
Increased benefits, longer life expectancy and underfunding rendered the pension system insolvent despite key reforms in 1996..."
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