Lt. Governor Winsome Earle-Sears | ltgov.virginia.gov
Lt. Governor Winsome Earle-Sears | ltgov.virginia.gov
Of that amount, $3.5 million was in state pension funds, and the remaining $872,846 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.
Virginia reported data from 34 pension systems, including four state-level pension funds and 30 local-level systems. The total number of pension system members was 769,375 (640,040 at the state level and 129,335 at the local level).
| Local | State | Local & State | |
|---|---|---|---|
| Employee contributions | $155,112 | $916,961 | $1,072,073 |
| Government contributions | $717,735 | $2,562,990 | $3,280,725 |
| Total Contributions | $872,846 | $3,479,951 | $4,352,797 |
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