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Gem State Wire

Sunday, November 17, 2024

Breaking Down Idaho's Pension Contributions: $756,595 collected in 2021

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Lt. Governor Scott Bedke | lgo.idaho.go

Lt. Governor Scott Bedke | lgo.idaho.go

In 2021, Idaho had received $756,595 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, $756,083 was in state pension funds, and the remaining $512 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.

Idaho reported data from six pension systems, including three state-level pension funds and three local-level systems. The total number of pension system members was 138,443 (138,345 at the state level and 98 at the local level).

Contributions to Idaho's public pension funds
LocalStateLocal & State
Employee contributions$0$294,965$294,965
Government contributions$512$461,117$461,629
Total Contributions$512$756,083$756,595
Source: US Census Bureau

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