Massachusetts holds the 8th rank nationally for pension contributions in 2022

Massachusetts holds the 8th rank nationally for pension contributions in 2022
Massachusetts Lt. Governor Kim Driscoll — twitter.com/maura_healey/photo
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Massachusetts received $8.5 million in public pension contributions, ranking it eighth in the United States in 2022, according to data obtained from the U.S. Census Bureau’s Annual Survey of Public Pensions.

Of that amount, $5.3 million was in state pension funds, and the remaining $3.2 million 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, township, school districts and special districts.

The data gathered includes revenues, expenditures, financial assets, membership, and liabilities information.

U.S. Total Contributions by State in 2022
Rank State Total Contributions
1 California $61,472,803
2 Illinois $25,568,115
3 Pennsylvania $23,035,222
4 New York $19,588,921
5 Texas $15,438,565
6 New Jersey $9,636,070
7 Ohio $9,007,203
8 Massachusetts $8,468,594
9 Florida $7,168,534
10 Michigan $6,881,414
11 Arizona $6,648,780
12 Connecticut $5,669,785
13 Virginia $5,457,675
14 Georgia $5,427,898
15 North Carolina $5,267,174
16 Oregon $5,089,912
17 Maryland $4,561,210
18 Washington $3,975,243
19 Louisiana $3,901,140
20 Colorado $3,771,783
21 Missouri $3,750,945
22 Kentucky $3,563,500
23 South Carolina $3,447,446
24 Minnesota $3,057,741
25 Indiana $2,866,901
26 Alabama $2,597,188
27 Kansas $2,501,388
28 Wisconsin $2,463,164
29 Oklahoma $2,068,707
30 Mississippi $1,849,109
31 Iowa $1,575,486
32 New Mexico $1,516,279
33 Hawaii $1,498,235
34 Utah $1,422,377
35 Arkansas $1,338,564
36 Nevada $1,242,809
37 Tennessee $1,147,480
38 West Virginia $1,071,830
39 Rhode Island $1,027,610
40 Maine $903,794
41 New Hampshire $853,889
42 Nebraska $845,146
43 Alaska $788,840
44 Idaho $775,583
45 Montana $629,434
46 Delaware $521,482
47 North Dakota $419,380
48 Wyoming $393,259
49 Vermont $368,331
50 South Dakota $306,509


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