CHICAGO — Only seven state pension systems can lay claim to a strong 90% funded ratio while at least 21 states fall below a “fiscally sound” threshold of 70% funded, according to a new review of state pensions by Morningstar that highlights the per capita costs of those obligations.

Wisconsin leads its counterparts with best system, one that recorded just $132 million of unfunded liabilities and the strongest funded ratio of nearly 100%.

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