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.
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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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