Quantcast

Pine State News

Sunday, December 22, 2024

Maine pension holdings worth $15.6 million in 2020

Webp 59jtzvm4pxnky1jer3orz4rmxd4w

Maine Governor Janete Trafton | maine.gov Official website

Maine Governor Janete Trafton | maine.gov Official website

In 2020, Maine had $15.6 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 one state-level pension system. The total number of pension system members was 157,015.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate