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Northwest Montana News

Tuesday, April 7, 2020

Montana reports $614,775 in public pension contributions

Government

By Metric Media News Service | Mar 26, 2020

Adobestock 304049375

As of June 2019, Montana had received $614,775 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, $613,239 was in state pension funds, and the remaining $1,536 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.

Residents in Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming do not pay state income taxes.

The Census Bureau cautions that not all respondents answer all survey questions. Thus, some fields were left blank.

Montana reported data from 101 pension systems, including 9 state-level pension funds and 92 local-level systems. The total number of pension system members was 94,248 (94,019 at the state level and 229 at the local level).

Contributions to Montana's public pension funds
Local
State
Local & State
Employee contributions
$33
$295,266
$295,298
Government contributions
$1,503
$317,974
$319,477
State government contributions
$816
$198,624
$199,440
Local government contributions
$687
$119,350
$120,037
Total Contributions
$1,536
$613,239
$614,775
Source: US Census Bureau

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