Rhode Island reports $936,422 in public pension contributions


As of June 2019, Rhode Island had received $936,422 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, $661,250 was in state pension funds, and the remaining $275,172 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.

Residents in Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming do not pay state income taxes.

The Census Bureau cautions that not all respondents answer all survey questions. Thus, some fields were left blank.

Rhode Island reported data from 41 pension systems, including 7 state-level pension funds and 34 local-level systems. The total number of pension system members was 59,181 (53,287 at the state level and 5,894 at the local level).

Contributions to Rhode Island's public pension funds
Local
State
Local & State
Employee contributions
$30,031
$192,065
$222,096
Government contributions
$245,142
$469,185
$714,326
State government contributions
$9,230
$421,122
$430,352
Local government contributions
$235,911
$48,062
$283,974
Total Contributions
$275,172
$661,250
$936,422
Source: US Census Bureau

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