Michigan’s pension unfunded liability per capita was higher than the “Top Ten” average in 2014. Michigan also had a higher unfunded pension liability than the average of its peer states.

What It Is: State government unfunded pension benefit liability (UAAL) divided by population.

Why It Matters: This measure indicates the burden of unfunded retiree benefits on taxpayers. Payments for high unfunded liabilities may crowd out spending for competing needs, such as infrastructure and education.

 

 


State Unfunded Pension Liabilities Trends

State Unfunded Pension Liabilities Standings

Source: Census of Governments, Pew Center on the States