Quantcast

Constitution State News

Saturday, November 23, 2024

Connecticut secures $5.7 million in public pension contributions in 2022

Webp dnt5sfz8g6iosu900szn7jm2bs8t

Connecticut Governor Ned Lamont | facebook.com/NedLamontCT

Connecticut Governor Ned Lamont | facebook.com/NedLamontCT

In 2022, Connecticut had received $5.7 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, $4.8 million was in state pension funds, and the remaining $857,354 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.

Connecticut reported data from 205 pension systems, including six state-level pension funds and 199 local-level systems. The total number of pension system members was 293,029 (226,854 at the state level and 66,175 at the local level).

Contributions to Connecticut's public pension funds
LocalStateLocal & State
Employee contributions$116,089$556,468$672,557
Government contributions$741,264$4,255,963$4,997,227
Total Contributions$857,354$4,812,431$5,669,785
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