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Tuesday, November 5, 2024

Wisconsin's public pensions receive $2.5 million in contributions for 2022

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Wisconsin Governor Tony Evers | wisconsin.gov

Wisconsin Governor Tony Evers | wisconsin.gov

In 2022, Wisconsin had received $2.5 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, $2.3 million was in state pension funds, and the remaining $211,796 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.

It's worth noting that residents in Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming are not subject to state income taxes.

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

Wisconsin reported data from four pension systems, including one state-level pension funds and three local-level systems. The total number of pension system members was 707,480 (663,323 at the state level and 44,157 at the local level).

Contributions to Wisconsin's public pension funds
LocalStateLocal & State
Employee contributions$48,651$1,086,782$1,135,433
Government contributions$163,145$1,164,586$1,327,731
Total Contributions$211,796$2,251,368$2,463,164
Source: US Census Bureau

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