Total Unfunded Liabilities for Retirement Systems in Select California Regions 2001-2024 + 2025 Estimate

Data for 2024 reflects the funded ratio for plans that have released their valuations as of January 2026. Data for 2025 is Equable Institute's estimate of the funded ratio for plans based on reported investment performance as of December 31, 2025. The trendline shown is based on fair market value of assets for each year.
Chart: EquableSource: Equable InstituteGet the dataCreated with Datawrapper