Home Heartland Square Arizona Arizona’s public pensions are 62 percent government-funded

Arizona’s public pensions are 62 percent government-funded

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Taxpayer contributions to Arizona’s public pension funds in 2018 amounted to 62 percent of the total, the 36th highest ratio among the 50 states, according to newly released data by the U.S. Census Bureau.

The total contributions for the state’s public pension plans amounted to $3.5 billion. Employee contributions stood at only $1.3 billion, while state contributions amounted to $943 million and the local share was $1.2 billion.

The Census Bureau’s survey of the public pension plans includes revenues, assets and membership data. The survey indicated there were 297 pension funds administered by state governments and 5,123 funds managed by local governments.

The information covered the fiscal year ending June 30, 2018.

2018 State, Local Government Funding of Public Pension Plans

Rank State Total Pension Plan Contributions (in Thousands of Dollars) Employee Contributions (in Thousands of Dollars) State Government Contributions (in Thousands of Dollars) Local Government Contributions (in Thousands of Dollars) % of Contributions Paid by Government
1 Utah $1,207,285 $70,746 $939,027 $197,512 94.14%
2 Nevada $1,866,005 $147,129 $254,597 $1,464,279 92.12%
3 New York $19,322,935 $1,606,536 $3,174,612 $14,541,787 91.69%
4 Indiana $2,256,057 $229,990 $1,154,922 $871,145 89.81%
5 Connecticut $4,114,024 $675,852 $2,795,722 $642,450 83.57%
6 Tennessee $2,368,812 $426,146 $475,391 $1,467,274 82.01%
7 Illinois $15,514,293 $2,841,740 $7,979,365 $4,693,188 81.68%
8 Alaska $677,472 $130,677 $371,035 $175,761 80.71%
9 West Virginia $914,696 $177,647 $497,399 $239,649 80.58%
10 Georgia $4,877,430 $958,455 $2,759,062 $1,159,913 80.35%
11 Michigan $5,945,118 $1,182,097 $1,008,024 $3,754,997 80.12%
12 Florida $5,894,750 $1,227,518 $836,180 $3,831,052 79.18%
13 Arkansas $1,139,444 $239,329 $774,343 $125,773 79.00%
14 Delaware $378,932 $81,516 $234,104 $63,311 78.49%
15 Pennsylvania $9,069,260 $1,970,619 $2,100,849 $4,997,792 78.27%
16 Kentucky 3,046,283 $681,949 $1,719,374 $644,960 77.61%
17 Hawaii $1,103,727 $252,686 $639,128 $211,912 77.11%
18 California $51,151,766 $11,853,557 $17,325,429 $21,972,779 76.83%
19 Rhode Island $936,422 $222,096 $430,352 $283,974 76.28%
20 Louisiana $3,708,212 $897,275 $1,106,554 $1,704,383 75.80%
21 Virginia $4,338,574 $1,093,292 $715,841 $2,529,440 74.80%
22 Maryland $4,031,817 $1,058,759 $2,053,181 $919,877 73.74%
23 Oregon $2,230,099 $638,258 $415,045 $1,176,797 71.38%
24 Oklahoma $1,750,424 $513,563 $611,460 $625,401 70.66%
25 Washington $3,964,193 $1,193,675 $2,537,212 $233,306 69.89%
26 Kansas $1,355,071 $432,195 $590,618 $332,258 68.11%
27 New Jersey $6,534,947 $2,098,015 $4,421,771 $15,160 67.90%
28 Maine $588,648 $189,721 $341,852 $57,074 67.77%
29 Missouri $3,372,105 $1,120,645 $743,742 $1,507,719 66.77%
30 New Hampshire $663,678 $221,280 $7,192 $435,205 66.66%
31 Vermont $309,133 $104,373 $175,601 $29,158 66.24%
32 Mississippi $1,625,444 $573,310 $409,466 $642,668 64.73%
33 Colorado $2,791,640 $992,590 $755,093 $1,043,956 64.44%
34 Alabama $2,111,114 $773,298 $221,293 $1,116,524 63.37%
35 North Dakota $360,776 $135,961 $86,488 $138,326 62.31%
36 Arizona $3,498,540 $1,330,631 $942,538 $1,225,371 61.97%
37 South Carolina $2,501,085 $953,237 $729,078 $818,771 61.89%
38 Idaho $638,002 $246,105 $107,182 $284,714 61.43%
39 North Carolina $3,528,005 $1,363,672 $1,636,856 $527,477 61.35%
40 Iowa $1,339,568 $521,374 $137,925 $680,270 61.08%
41 Texas $13,753,246 $5,463,091 $2,736,944 $5,553,210 60.28%
42 Nebraska $842,345 $338,840 $94,972 $408,533 59.77%
43 Massachusetts $5,720,828 $2,420,749 $1,660,520 $1,639,559 57.69%
44 New Mexico $1,303,479 $566,202 $323,750 $413,527 56.56%
45 Minnesota $2,616,763 $1,171,633 $318,076 $1,127,055 55.23%
46 Ohio $7,773,216 $3,481,546 $2,220,463 $2,071,207 55.21%
47 Wyoming $373,636 $170,404 $164,966 $38,265 54.39%
48 Wisconsin $2,182,595 $1,014,894 $324,777 $842,923 53.50%
49 South Dakota $273,899 $128,477 $49,302 $96,120 53.09%
50 Montana $614,775 $295,298 $199,440 $120,037 51.97%

Source: U.S. Census Bureau