Quantcast

Evergreen Reporter

Thursday, November 21, 2024

The state of Washington secures $4 million in public pension contributions in 2022

Webp u3edv39zobe7rahqhn0z4khtzoex

Washington Governor Jay Inslee | governor.wa.gov/about-jay

Washington Governor Jay Inslee | governor.wa.gov/about-jay

In 2022, Washington had received $4 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, $3.7 million was in state pension funds, and the remaining $324,559 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.

Washington reported data from 58 pension systems, including 10 state-level pension funds and 48 local-level systems. The total number of pension system members was 681,831 (649,762 at the state level and 32,069 at the local level).

Contributions to Washington's public pension funds
LocalStateLocal & State
Employee contributions$121,736$558,676$680,412
Government contributions$202,823$3,092,007$3,294,831
Total Contributions$324,559$3,650,684$3,975,243
Source: US Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS