Quantcast

Rushmore State News

Friday, November 1, 2024

In 2022, South Dakota pension holdings total $14.8 million

Webp bzbbj1lcvwgsm7mak3lw3n201ycc

South Dakota Governor Kristi Noem | Wikipedia

South Dakota Governor Kristi Noem | Wikipedia

In 2022, South Dakota had $14.8 million in total cash and investment holdings in its public pension funds, according to the U.S. Census Bureau's Annual Survey of Public Pensions.

Of that amount, $14.1 million was in state pension funds, and the remaining $738,143 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 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 fund and two local-level systems. The total number of pension system members was 99,446 (97,735 at the state level and 1,711 at the local level).

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