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Thursday, January 30, 2025

Nebraska secures $903,360 in public pension contributions in 2020

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Lieutenant Governor Joe Kelly | ltgov.nebraska.gov

Lieutenant Governor Joe Kelly | ltgov.nebraska.gov

In 2020, Nebraska had received $903,360 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, $582,151 was in state pension funds, and the remaining $321,209 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.

Nebraska reported data from 31 pension systems, including five state-level pension funds and 26 local-level systems. The total number of pension system members was 160,274 (131,175 at the state level and 29,099 at the local level).

Contributions to Nebraska's public pension funds
LocalStateLocal & State
Employee contributions$98,909$255,057$353,966
Government contributions$222,301$327,094$549,395
Total Contributions$321,209$582,151$903,360
Source: US Census Bureau

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