Census: Louisiana taxpayers pay 76 percent of public employees retirement costs

Taxpayers funded 75.9 percent of Louisiana’s public pension funds in 2017– the 18th 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 $841 million, while state contributions amounted to $1.1 billion and the local share was $1.6 billion.

The Census Bureau’s survey of the public pension plans includes revenues, assets and membership data. The survey indicated there were 299 pension funds administered by state governments and 5,977 funds managed by local governments.

The information covered the fiscal year ending June 30, 2017.

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 $1,144,593 $39,725 $909,567 $195,301 96.53%
2 New York $19,188,423 $1,576,305 $3,592,154 $14,019,963 91.79%
3 Indiana $2,323,066 $367,624 $1,098,553 $856,889 84.18%
4 Connecticut $3,742,545 $632,764 $2,617,732 $492,049 83.09%
5 Rhode Island $831,505 $144,023 $476,503 $210,978 82.68%
6 Alaska $666,078 $130,466 $380,697 $154,915 80.41%
7 Illinois $14,477,105 $2,841,759 $7,714,644 $3,920,702 80.37%
8 West Virginia $889,851 $177,195 $468,340 $244,315 80.09%
9 Pennsylvania $9,149,532 $1,834,987 $2,002,135 $5,312,410 79.94%
10 Arkansas $1,095,707 $225,389 $344,083 $526,235 79.43%
11 Delaware $377,428 $78,808 $242,604 $56,017 79.12%
12 Kentucky $2,985,728 $634,659 $1,780,009 $571,059 78.74%
13 Michigan $5,596,130 $1,200,732 $3,232,799 $1,162,599 78.54%
14 Florida $5,416,533 $1,230,633 $785,028 $3,400,873 77.28%
15 Tennessee $1,757,924 $403,592 $1,021,610 $332,722 77.04%
16 Georgia $3,940,019 $926,208 $2,350,554 $663,256 76.49%
17 Hawaii $1,028,275 $243,906 $589,058 $195,311 76.28%
18 Louisiana $3,497,581 $841,481 $1,062,688 $1,593,411 75.94%
19 Maryland $3,873,552 $999,860 $2,066,769 $806,923 74.19%
20 Kansas $1,775,583 $465,013 $615,199 $695,371 73.81%
21 Virginia $4,039,689 $1,090,150 $683,507 $2,266,032 73.01%
22 Oklahoma $1,783,253 $483,551 $696,075 $603,627 72.88%
23 California $40,856,568 $11,234,331 $10,905,977 $18,716,260 72.50%
24 Washington $3,465,560 $1,002,033 $2,296,811 $166,716 71.09%
25 Missouri $3,165,182 $1,026,268 $696,469 $1,442,444 67.58%
26 New Hampshire $653,702 $212,512 $96,503 $344,687 67.49%
27 Maine $566,502 $186,409 $328,262 $51,831 67.09%
28 Colorado $2,556,993 $860,389 $621,955 $1,074,649 66.35%
29 Oregon $1,845,716 $622,134 $151,818 $1,071,764 66.29%
30 Mississippi $1,624,603 $572,456 $412,672 $639,475 64.76%
31 New Jersey $5,830,123 $2,107,422 $3,708,883 $13,819 63.85%
32 Alabama $2,095,501 $770,339 $218,876 $1,106,286 63.24%
33 North Dakota $355,973 $134,624 $85,175 $136,173 62.18%
34 Vermont $276,409 $104,733 $144,112 $27,564 62.11%
35 Arizona $3,521,817 $1,366,096 $429,283 $1,726,438 61.21%
36 Iowa $1,317,984 $512,085 $139,659 $666,241 61.15%
37 Idaho $608,929 $240,243 $100,665 $268,020 60.55%
38 North Carolina $3,303,097 $1,335,486 $1,470,968 $496,643 59.57%
39 Nebraska $793,842 $323,483 $90,034 $380,325 59.25%
40 South Carolina $2,345,902 $959,755 $605,145 $781,002 59.09%
41 Massachusetts $5,597,880 $2,354,594 $1,826,674 $1,416,612 57.94%
42 Ohio $8,153,773 $3,437,635 $2,147,446 $2,568,692 57.84%
43 Texas $12,243,476 $5,261,182 $2,733,020 $4,249,274 57.03%
44 New Mexico $1,297,470 $561,602 $326,193 $409,675 56.72%
45 Minnesota $2,516,952 $1,142,999 $306,240 $1,067,713 54.59%
46 Wisconsin $2,048,748 $957,820 $300,548 $790,381 53.25%
47 South Dakota $270,522 $127,885 $49,077 $93,559 52.73%
48 Wyoming $344,553 $168,485 $171,318 $4,749 51.10%
49 Nevada $1,809,655 $902,020 $184,400 $723,235 50.16%
50 Montana $582,139 $305,078 $184,429 $92,631 47.59%

Source: U.S. Census Bureau

This is a revised article first published by The Center Square.

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