Quantcast

Bluegrass Times

Thursday, November 21, 2024

$39.4 million worth of pension holdings reported in Kentucky for 2022

Webp gl38et9hr0zmqb4izrpqkq6glj67

Lieutenant Governor ​Jacqueline Coleman | governor.ky.gov

Lieutenant Governor ​Jacqueline Coleman | governor.ky.gov

In 2022, Kentucky had $39.4 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, $38.3 million was in state pension funds, and the remaining $1 million 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.

Kentucky reported data from 31 pension systems, including six state-level pension funds and 25 local-level systems. The total number of pension system members was 609,062 (604,504 at the state level and 4,558 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