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Saturday, November 2, 2024

Wisconsin pension investment earnings up 7.8%

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Wisconsin Governor Tony Evers | twitter.com/GovEvers/photo

Wisconsin Governor Tony Evers | twitter.com/GovEvers/photo

The earnings on investments for Wisconsin public pensions went up from $2.3 million in 2019 to $2.4 million in 2020, according to data obtained from the U.S. Census Bureau’s Annual Survey of Public Pensions.

The Census Bureau's 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 692,835 (648,486 at the state level and 44,349 at the local level).

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