North Dakota pension investment earnings drop by 37.6% in 2024

North Dakota Lieutenant Governor Michelle Strinden
North Dakota Lieutenant Governor Michelle Strinden
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Investment earnings for North Dakota public pensions fell from $130.8 million in 2023 to $81.7 million in 2024, according to data obtained from the U.S. Census Bureau’s Annual Survey of Public Pensions.

The U.S. Census Bureau’s Annual Survey of Public Pensions covers defined-benefit pension systems sponsored by recognized government units whose membership consists of public employees compensated with public funds. Local governments in the survey are defined as counties, municipalities, townships, school districts, and special districts.

The survey provides data on revenues, expenditures, financial assets, and membership for these pension systems, and detailed questionnaires can include additional measures such as liabilities.

Not all respondents provide complete information for every item; response rates vary by data element, which can affect the availability of certain figures in the published tables.

As of 2025, nine states do not levy a broad-based personal income tax—Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming—with certain nuances for New Hampshire and Washington regarding investment or capital gains tax.

North Dakota reported data from 18 pension systems, including four state-level pension funds and 14 local-level systems. The total number of pension system members was 89,953 (86,298 at the state level and 3,655 at the local level).

Information in this article was obtained from the U.S. Census Bureau’s Annual Survey of Public Pensions. The source data can be found here.



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