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Wednesday, October 16, 2024

Oregon secures $5.1 million in public pension contributions in 2022

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Oregon Governor Tina Kotek | oregon.gov

Oregon Governor Tina Kotek | oregon.gov

In 2022, Oregon had received $5.1 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, $4.8 million was in state pension funds, and the remaining $269,500 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.

Oregon reported data from 19 pension systems, including two state-level pension funds and 17 local-level systems. The total number of pension system members was 403,511 (393,080 at the state level and 10,431 at the local level).

Contributions to Oregon's public pension funds
LocalStateLocal & State
Employee contributions$2,989$790,253$793,242
Government contributions$266,511$4,030,159$4,296,669
Total Contributions$269,500$4,820,412$5,089,912
Source: US Census Bureau

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