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New Mexico reports $1,303,479 in public pension contributions

Government

By Metric Media News Service | Mar 26, 2020

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As of June 2019, New Mexico had received $1,303,479 in contributions to its public pension funds, according to data obtained from the U.S. Census Bureau’s Annual Survey of Public Pensions.

All contributions were made to state 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.

New Mexico reported data from 5 pension systems. The total number of pension system members was 183,091.

Contributions to New Mexico's public pension funds
Local
State
Local & State
Employee contributions
$0
$566,202
$566,202
Government contributions
$0
$737,277
$737,277
State government contributions
$0
$323,750
$323,750
Local government contributions
$0
$413,527
$413,527
Total Contributions
$0
$1,303,479
$1,303,479
Source: US Census Bureau

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State of New Mexico

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