Pine State News

In 2022, Maine had $16.9 million in total cash and investment holdings in its public pension funds, according to the U.S. Census Bureau's Annual Survey of Public Pensions.

All the cash and investment holdings were in state 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 not all respondents answer all survey questions. Thus, some fields were left blank.

Maine reported data from five state-level pension systems. The total number of pension system members was 198,739.