Minnesota ranks 23rd nationwide in public pension contributions in 2024

Tim Walz, Governor of Minnesota
Tim Walz, Governor of Minnesota
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Minnesota received $3.9 billion in total public pension contributions, ranking it 23rd in the United States in 2024, according to data obtained from the U.S. Census Bureau’s Annual Survey of Public Pensions.

Of that amount, $3.8 billion was in state pension funds, and the remaining $137.7 million was in local government pension funds.

The U.S. Census Bureau’s Annual Survey of Public Pensions covers defined-benefit pension systems sponsored by recognized government units whose membership consists of public employees compensated with public funds. Local governments in the survey are defined as counties, municipalities, townships, school districts, and special districts.

The survey provides data on revenues, expenditures, financial assets, and membership for these pension systems, and detailed questionnaires can include additional measures such as liabilities.

Not all respondents provide complete information for every item; response rates vary by data element, which can affect the availability of certain figures in the published tables.

U.S. Total Contributions by State in 2024
RankStateTotal Contributions
1California$68,520,608,877
2Texas$24,677,402,957
3Illinois$21,515,924,757
4New York$20,518,866,619
5New Jersey$12,645,373,704
6Pennsylvania$11,646,653,769
7Ohio$9,897,504,901
8Massachusetts$9,418,063,540
9Florida$8,526,750,377
10Michigan$7,822,437,605
11Georgia$6,925,974,291
12North Carolina$6,218,537,877
13Virginia$5,809,083,317
14Connecticut$5,784,281,011
15Arizona$5,646,852,727
16Colorado$5,225,688,856
17Maryland$5,139,693,654
18Washington$5,020,932,590
19Louisiana$4,853,515,587
20Kentucky$4,509,999,223
21Missouri$4,265,645,114
22South Carolina$4,193,582,339
23Minnesota$3,923,246,565
24Oregon$3,702,221,930
25Nevada$3,041,274,860
26Alabama$2,828,046,194
27Wisconsin$2,693,637,143
28Tennessee$2,623,542,858
29Indiana$2,578,182,273
30Oklahoma$2,413,954,222
31Iowa$1,740,088,622
32Kansas$1,685,106,294
33Arkansas$1,659,439,547
34Utah$1,622,517,993
35Nebraska$1,137,058,350
36Rhode Island$1,088,530,215
37West Virginia$971,785,871
38Idaho$924,317,920
39New Hampshire$918,945,335
40Alaska$773,959,575
41Montana$726,075,164
42North Dakota$610,086,493
43Delaware$558,364,834
44Vermont$549,975,306
45South Dakota$352,026,225
Information in this article was obtained from the U.S. Census Bureau’s Annual Survey of Public Pensions. The source data can be found here.



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