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Tuesday, November 5, 2024

South Dakota reports $278,160 in public pension contributions

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As of June 2020, South Dakota had received $278,160 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, $255,145 was in state pension funds, and the remaining $23,015 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.

South Dakota reported data from three pension systems, including one state-level pension funds and two local-level systems. The total number of pension system members was 91,379 (89,685 at the state level and 1,694 at the local level).

Contributions to South Dakota's public pension funds
LocalStateLocal & State
Employee contributions$4,146$127,572$131,719
Government contributions$18,868$127,572$146,441
Total Contributions$23,015$255,145$278,159
Source: US Census Bureau

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