INCREASE IN NEW YORK STATE PENSION DOLLARS SHIPPED TO FLORIDA 2019 → 2025 NYS Pension $: $926M → $1.216B ⬆️ +$289 MILLION (+31%) 📍 South Carolina: +70% 📍 Tennessee: +87% 📍 North Carolina: +40% 📍 Texas: +45% The fastest growth in NYS pension outflow isn’t random. It’s going to: • Lower-tax states • Lower-cost states • States actively competing with New York Source: Office of New York State Comptroller