Public pension underfunding

The Pew Center on the States has a new report ("The Widening Gap Update," see here) that reports data on public pension funding (see graph below, click to enlarge).

From the report:  "Many experts say that a healthy pension system should be at least 80 percent funded. In 2000, more than half of the states were 100 percent funded, but by 2010 only Wisconsin was fully funded, and 34 were below the 80 percent threshold—up from 31 in 2009 and just 22 in 2008."

The report expresses "serious concerns" about Mississippi's pension funding and its funding of retiree health care.