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Wednesday, April 8, 2020

Arizona reports $3,498,540 in public pension contributions

Government

By Metric Media News Service | Mar 26, 2020

Adobestock 228858147

As of June 2019, Arizona had received $3,498,540 in contributions to its public pension funds, according to data obtained from the U.S. Census Bureau’s Annual Survey of Public Pensions.

Of that amount, $3,121,794 was in state pension funds, and the remaining $376,746 was in local government pension funds.

The survey includes public pensions sponsored by local and state government entities with employees who are compensated with public funds. The local governments include counties, townships, school districts and special districts.

The data gathered includes revenues, expenditures, financial assets, membership and liabilities information.

Residents in Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming do not pay state income taxes.

The Census Bureau cautions that not all respondents answer all survey questions. Thus, some fields were left blank.

Arizona reported data from 78 pension systems, including 4 state-level pension funds and 74 local-level systems. The total number of pension system members was 500,555 (487,375 at the state level and 13,180 at the local level).

Contributions to Arizona's public pension funds
Local
State
Local & State
Employee contributions
$43,143
$1,287,488
$1,330,631
Government contributions
$333,603
$1,834,306
$2,167,909
State government contributions
$1,832
$940,705
$942,538
Local government contributions
$331,771
$893,601
$1,225,371
Total Contributions
$376,746
$3,121,794
$3,498,540
Source: US Census Bureau

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State of Arizona

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