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Saturday, November 23, 2024

Wisconsin's pension fund valued at $137.8 million in 2020

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Wisconsin Governor Tony Evers | wisconsin.gov

Wisconsin Governor Tony Evers | wisconsin.gov

In 2020, Wisconsin had $137.8 million in total cash and investment holdings in its public pension funds, according to the U.S. Census Bureau's Annual Survey of Public Pensions.

Of that amount, $130 million was in state pension funds, and the remaining $7.8 million 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 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 fund 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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