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Tuesday, November 26, 2024

Montana reports $565,309 in public pension contributions

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As of June 2020, Montana had received $565,309 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, $563,764 was in state pension funds, and the remaining $1,545 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.

Montana reported data from 99 pension systems, including nine state-level pension funds and 90 local-level systems. The total number of pension system members was 150,508 (148,641 at the state level and 1,867 at the local level).

Contributions to Montana's public pension funds
LocalStateLocal & State
Employee contributions$80$207,010$207,090
Government contributions$1,464$356,754$358,219
Total Contributions$1,545$563,764$565,309
Source: US Census Bureau

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