Quantcast

Sooner State News

Thursday, September 19, 2024

Oklahoma reports $2.1 million in public pension contributions in 2022

Webp 7ak60i9fvngzmls08hh218d0hohz

Governor J. Kevin Stitt | oklahoma.gov

Governor J. Kevin Stitt | oklahoma.gov

In 2022, Oklahoma had received $2.1 million 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, $2 million was in state pension funds, and the remaining $83,032 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.

Oklahoma reported data from 21 pension systems, including seven state-level pension funds and 14 local-level systems. The total number of pension system members was 325,506 (308,389 at the state level and 17,117 at the local level).

Contributions to Oklahoma's public pension funds
LocalStateLocal & State
Employee contributions$26,370$500,934$527,304
Government contributions$56,662$1,484,741$1,541,402
Total Contributions$83,032$1,985,675$2,068,707
Source: US Census Bureau

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