Moody's Report on State Pensions Finds Improvement

More than half of the 50 US states experienced marginal declines in their fiscal 2013 Moody's adjusted net pension liability (ANPL), a measure that adjusts reported liabilities by discounting at a bond market interest rate and making estimated allocations of multiple-employer cost-sharing plans. ANPLs improved for states that conducted 2013 pension valuations due to favorable investment returns for the year.

The Moody's report contains an analysis of changes in state pension liability levels, and charts and tables ranking states based on various factors. 

See the full report here.