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Sunday, November 24, 2024

Michigan ranks eighth in the nation for public pension contributions

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Michigan received $5,945,118 in public pension contributions, ranking it eighth in the United States, according to the U.S. Census Bureau’s Annual Survey of Public Pensions.

Of that amount, $5,186,974 was in state pension funds, and the remaining $758,144 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.

U.S. Total Contributions by State in 2018
RankStateTotal Contributions
1California$51,151,766
2New York$19,322,935
3Illinois$15,514,293
4Texas$13,753,246
5Pennsylvania$9,069,260
6Ohio$7,773,216
7New Jersey$6,534,947
8Michigan$5,945,118
9Florida$5,894,750
10Massachusetts$5,720,828
11Georgia$4,877,430
12Virginia$4,338,574
13Connecticut$4,114,024
14Maryland$4,031,817
15Washington$3,964,193
16Louisiana$3,708,212
17North Carolina$3,528,005
18Arizona$3,498,540
19Missouri$3,372,105
20Kentucky$3,046,283
21Colorado$2,791,640
22Minnesota$2,616,763
23South Carolina$2,501,085
24Tennessee$2,368,812
25Indiana$2,256,057
26Oregon$2,230,099
27Wisconsin$2,182,595
28Alabama$2,111,114
29Nevada$1,866,005
30Oklahoma$1,750,424
31Mississippi$1,625,444
32Kansas$1,355,071
33Iowa$1,339,568
34New Mexico$1,303,479
35Utah$1,207,285
36Arkansas$1,139,444
37Hawaii$1,103,727
38Rhode Island$936,422
39West Virginia$914,696
40Nebraska$842,345
41Alaska$677,472
42New Hampshire$663,678
43Idaho$638,002
44Montana$614,775
45Maine$588,648
46Delaware$378,932
47Wyoming$373,636
48North Dakota$360,776
49Vermont$309,133
50South Dakota$273,899

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