Iowa’s public pensions are 61.2% government funded


Taxpayer contributions to Iowa’s public pension funds in 2017 amounted to 61.2 percent of the total, the 36th highest ratio among the 50 states, according to newly released data by the U.S. Census Bureau.

The total contributions for the state’s public pension plans amounted to $1.3 billion. Employee contributions stood at only $512 million, while state contributions amounted to $140 million and the local share was $666 million.

The Census Bureau’s survey of the public pension plans includes revenues, assets and membership data. The survey indicated there were 299 pension funds administered by state governments and 5,977 funds managed by local governments.

The information covered the fiscal year ending June 30, 2017.

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State, Local Government Funding of Public Pension Plans

RankStateTotal Pension Plan Contributions (in Thousands of Dollars)Employee Contributions (in Thousands of Dollars)State Government Contributions (in Thousands of Dollars)Local Government Contributions (in Thousands of Dollars)% of Contributions Paid by Government
1Utah$1,144,593$39,725$909,567$195,30196.53%
2New York$19,188,423$1,576,305$3,592,154$14,019,96391.79%
3Indiana$2,323,066$367,624$1,098,553$856,88984.18%
4Connecticut$3,742,545$632,764$2,617,732$492,04983.09%
5Rhode Island$831,505$144,023$476,503$210,97882.68%
6Alaska$666,078$130,466$380,697$154,91580.41%
7Illinois$14,477,105$2,841,759$7,714,644$3,920,70280.37%
8West Virginia$889,851$177,195$468,340$244,31580.09%
9Pennsylvania$9,149,532$1,834,987$2,002,135$5,312,41079.94%
10Arkansas$1,095,707$225,389$344,083$526,23579.43%
11Delaware$377,428$78,808$242,604$56,01779.12%
12Kentucky$2,985,728$634,659$1,780,009$571,05978.74%
13Michigan$5,596,130$1,200,732$3,232,799$1,162,59978.54%
14Florida$5,416,533$1,230,633$785,028$3,400,87377.28%
15Tennessee$1,757,924$403,592$1,021,610$332,72277.04%
16Georgia$3,940,019$926,208$2,350,554$663,25676.49%
17Hawaii$1,028,275$243,906$589,058$195,31176.28%
18Louisiana$3,497,581$841,481$1,062,688$1,593,41175.94%
19Maryland$3,873,552$999,860$2,066,769$806,92374.19%
20Kansas$1,775,583$465,013$615,199$695,37173.81%
21Virginia$4,039,689$1,090,150$683,507$2,266,03273.01%
22Oklahoma$1,783,253$483,551$696,075$603,62772.88%
23California$40,856,568$11,234,331$10,905,977$18,716,26072.50%
24Washington$3,465,560$1,002,033$2,296,811$166,71671.09%
25Missouri$3,165,182$1,026,268$696,469$1,442,44467.58%
26New Hampshire$653,702$212,512$96,503$344,68767.49%
27Maine$566,502$186,409$328,262$51,83167.09%
28Colorado$2,556,993$860,389$621,955$1,074,64966.35%
29Oregon$1,845,716$622,134$151,818$1,071,76466.29%
30Mississippi$1,624,603$572,456$412,672$639,47564.76%
31New Jersey$5,830,123$2,107,422$3,708,883$13,81963.85%
32Alabama$2,095,501$770,339$218,876$1,106,28663.24%
33North Dakota$355,973$134,624$85,175$136,17362.18%
34Vermont$276,409$104,733$144,112$27,56462.11%
35Arizona$3,521,817$1,366,096$429,283$1,726,43861.21%
36Iowa$1,317,984$512,085$139,659$666,24161.15%
37Idaho$608,929$240,243$100,665$268,02060.55%
38North Carolina$3,303,097$1,335,486$1,470,968$496,64359.57%
39Nebraska$793,842$323,483$90,034$380,32559.25%
40South Carolina$2,345,902$959,755$605,145$781,00259.09%
41Massachusetts$5,597,880$2,354,594$1,826,674$1,416,61257.94%
42Ohio$8,153,773$3,437,635$2,147,446$2,568,69257.84%
43Texas$12,243,476$5,261,182$2,733,020$4,249,27457.03%
44New Mexico$1,297,470$561,602$326,193$409,67556.72%
45Minnesota$2,516,952$1,142,999$306,240$1,067,71354.59%
46Wisconsin$2,048,748$957,820$300,548$790,38153.25%
47South Dakota$270,522$127,885$49,077$93,55952.73%
48Wyoming$344,553$168,485$171,318$4,74951.10%
49Nevada$1,809,655$902,020$184,400$723,23550.16%
50Montana$582,139$305,078$184,429$92,63147.59%
Source: U.S. Census Bureau

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