Free Top 10 U.S. States with the Largest Public Pension Shortfalls (2020-2025) Chart
The chart shows that California faces the largest pension deficit, with a shortfall of $98.6 billion from 2020 to 2025, highlighting substantial funding gaps. Illinois follows closely with $90.8 billion, also indicating significant financial pressure from unfunded liabilities. New Jersey ranks third with $63.8 billion, while Texas reports $49.5 billion, showing how large states are particularly affected. Maine and New York both record $46.3 billion, reflecting mid-tier but considerable deficits. Ohio follows at $40.4 billion, with Connecticut at $39.6 billion, Michigan at $37.9 billion, and New Jersey (NJ) closing the list at $33.1 billion. The pattern underscores a concentration of high pension liabilities in large and economically active states, with California and Illinois far outpacing the rest. These figures reflect long-term funding challenges and the impact of pension obligations on state fiscal health.
| Labels | Total Shortfall 2020–2025 (USD billions) |
|---|---|
| California | 98.6 |
| Illinois | 90.8 |
| New Jersey | 63.8 |
| Texas | 49.5 |
| Maine | 46.3 |
| New York | 46.3 |
| Ohio | 40.4 |
| Connecticut | 39.6 |
| Michigan | 37.9 |
| NJ | 33.1 |
