Free U.S. Top 10 States with the Largest Public Pension Shortfalls (2018-2025)
The chart shows that New Jersey and Illinois face the largest public pension shortfalls in the US from 2018 to 2025, with amounts rising steadily over the years. Illinois tops the list, increasing from 133 billion USD in 2018 to a projected 147 billion USD in 2025, while New Jersey follows closely, growing from 115 billion USD to 130 billion USD in the same period. California ranks third, climbing from 62 billion USD to 75 billion USD, indicating a substantial gap. Texas and New York show similar upward patterns, reaching 63 billion USD and 66 billion USD respectively by 2025. States like Ohio, Pennsylvania, Michigan, Florida, and Massachusetts also exhibit consistent but smaller increases, with figures ranging between 38 and 58 billion USD by 2025. This highlights a persistent and growing funding gap in state pension systems, posing significant financial challenges for the coming years.
| Labels | 2018 (USD billions) | 2020 (USD billions) | 2022 (USD billions) | 2025 (USD billions) (Projected) |
|---|---|---|---|---|
| New Jersey | 115 | 120 | 123 | 130 |
| Illinois | 133 | 137 | 140 | 147 |
| California | 62 | 67 | 69 | 75 |
| Texas | 50 | 54 | 57 | 63 |
| New York | 54 | 58 | 60 | 66 |
| Ohio | 37 | 41 | 44 | 49 |
| Pennsylvania | 47 | 51 | 53 | 58 |
| Michigan | 34 | 37 | 39 | 43 |
| Florida | 28 | 31 | 33 | 38 |
| Massachusetts | 30 | 33 | 35 | 40 |
