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Saturday, February 22, 2025

Rhode Island secures $917,865 in public pension contributions in 2020

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Rhode Island Governor Dan McKee | governor.ri.gov/about

Rhode Island Governor Dan McKee | governor.ri.gov/about

In 2020, Rhode Island had received $917,865 in contributions to its public pension funds, according to data obtained from the U.S. Census Bureau's Annual Survey of Public Pensions.

Of that amount, $646,934 was in state pension funds, and the remaining $270,931 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, school districts and special districts.

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

It's worth noting that residents in Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming are not subject to state income taxes.

The Census Bureau cautions that not all respondents answer all survey questions. Thus, some fields were left blank.

Rhode Island reported data from 41 pension systems, including eight state-level pension funds and 33 local-level systems. The total number of pension system members was 99,133 (83,472 at the state level and 15,661 at the local level).

Contributions to Rhode Island's public pension funds
LocalStateLocal & State
Employee contributions$32,125$114,489$146,614
Government contributions$238,807$532,445$771,252
Total Contributions$270,931$646,934$917,866
Source: US Census Bureau

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