U.S. Public Pensions Reach Highest Funded Status Since 2009, Still Face $1.13 Trillion Shortfall
According to the Equable Institute's State of Pensions report for FY2026, U.S. state and local pension systems have reached their highest funded ratio since 2009 at 85%, driven by four consecutive years of strong investment returns. Despite this improvement, unfunded liabilities remain high at $1.13 trillion.
Topics: funded ratio investment returns state pensions unfunded liabilities