Long-Term Liabilities Weigh on State Finances – The Pew Charitable Trusts

A state-by-state review of unfunded pension liabilities as of fiscal 2021 shows that Illinois’ unfunded pension liability was the largest of any state at 212.3 percent of its own-source revenue, followed by New Jersey (168.5 percent), Connecticut (136 percent), and Kentucky (133.2 percent). Illinois’ liability has also risen the fastest since fiscal 2007.

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