Washington State Retirement Systems

  • The Washington State pension fund covers 84% of liabilities, with certain subsets of the pension account in over 100 percent funding levels
  • The state of Washington currently has 74 billion dollars in assets and 13.8 billion dollars in unfunded liabilities, with an accrued liability of 88.17 billion dollars
  • The Tax Foundation ranks Washington #11 in the United States in terms of pension fund health
  • Using the new calculation system formulated by ALEC, the Washington State pension has a funding rate of just 31%. This is still middle of road according to these calculations- ALEC uses a risk-free rate for calculating returns on these pensions.

Resources:
Mercatus Center State Fiscal Health Report
Washington State Retirement Fund Report 2017
Urban Institute Washington Pension Report