Some states have worse retirement funding than others. (Photo: Shutterstock)
Some states' retirement plans are in trouble. Well, quite a few of them, actually. And for some of the least well off, the situation isn't getting any better, by a long shot.
In 2015, state governments spent nearly $39 billion—approximately $120 per capita—on retirement funding. And the decades-long arguments over how to fund and distribute pension funds for state government employees has become even more of a flashpoint than in the past, before the Great Recession took its toll on funds already set aside and both state governments and fund managers sought more urgently to bring in higher returns, lest the plans run out of money.
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