Quantcast

Hawkeye Reporter

Tuesday, November 26, 2024

Iowa's public pensions receive $1.5 million in contributions for 2020

Webp 1j7mj97yfcivq24twpi9lbh5d5xj

Lt. Gov. Adam Gregg | governor.iowa.gov

Lt. Gov. Adam Gregg | governor.iowa.gov

In 2020, Iowa had received $1.5 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, $1.5 million was in state pension funds, and the remaining $4,179 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.

Iowa reported data from 12 pension systems, including four state-level pension funds and eight local-level systems. The total number of pension system members was 386,289 (385,659 at the state level and 630 at the local level).

Contributions to Iowa's public pension funds
LocalStateLocal & State
Employee contributions$705$569,791$570,496
Government contributions$3,474$900,771$904,245
Total Contributions$4,179$1,470,562$1,474,741
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