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The best and worst states for pensions

GOBankingRates Logo By Joel Anderson of GOBankingRates | Slide 1 of 52: The pension has long been a standard part of retirement for many Americans, particularly for public sector employees like police officers and mail carriers. Offering a pension — a set annual income for long-time employees after they retire — used to help attract quality employees and offered financial security in their golden years.Does the same hold true today? Private companies rarely offer pensions anymore, and states are struggling with pension commitments they made decades ago. The relative security of a pension is tied to the well-being of the government that offers it, and a great many U.S. states currently have unfunded pension liabilities.Click through to see which states are well-prepared to continue funding their pension systems, and which ones might find themselves in fiscal hot water in the near future.

Best and Worst States for Pensions

The pension has long been a standard part of retirement for many Americans, particularly for public sector employees like police officers and mail carriers. Offering a pension — a set annual income for long-time employees after they retire — used to help attract quality employees and offered financial security in their golden years.

Does the same hold true today? Private companies rarely offer pensions anymore, and states are struggling with pension commitments they made decades ago. The relative security of a pension is tied to the well-being of the government that offers it, and a great many U.S. states currently have unfunded pension liabilities.

Click through to see which states are well-prepared to continue funding their pension systems, and which ones might find themselves in fiscal hot water in the near future.

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