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Thursday, November 14, 2024

Breaking Down North Dakota's Pension Contributions: $419,380 collected in 2022

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North Dakota Governor Doug Burgum | governor.nd.gov/governor-doug-burgum

North Dakota Governor Doug Burgum | governor.nd.gov/governor-doug-burgum

In 2022, North Dakota had received $419,380 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, $385,622 was in state pension funds, and the remaining $33,758 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.

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 83,721 (80,273 at the state level and 3,448 at the local level).

Contributions to North Dakota's public pension funds
LocalStateLocal & State
Employee contributions$8,196$183,931$192,127
Government contributions$25,562$201,691$227,253
Total Contributions$33,758$385,622$419,380
Source: US Census Bureau

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