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Gem State Wire

Thursday, September 19, 2024

Earnings on Idaho's public pension investments increase to $430,095 in 2022

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Idaho Governor Brad Little (202) | Idaho Official Government Website

Idaho Governor Brad Little (202) | Idaho Official Government Website

The earnings on investments for Idaho public pensions went up from $370,076 in 2021 to $430,095 in 2022, 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.

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 140,087 (140,014 at the state level and 73 at the local level).

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