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Sunday, December 29, 2024

Nevada reports $2 million in public pension contributions

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As of June 2020, Nevada had received $2 million 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, $1.9 million was in state pension funds, and the remaining $40,572 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.

Nevada reported data from four pension systems, including three state-level pension funds and one local-level systems. The total number of pension system members was 199,245 (196,903 at the state level and 2,342 at the local level).

Contributions to Nevada's public pension funds
LocalStateLocal & State
Employee contributions$122$965,573$965,695
Government contributions$40,450$970,931$1,011,381
Total Contributions$40,572$1,936,504$1,977,076
Source: US Census Bureau

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