Enchantment State News

As of June 2020, New Mexico had received $1.3 million in contributions to its public pension funds, according to data obtained from the U.S. Census Bureau’s Annual Survey of Public Pensions.

All contributions were made to state 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.

Residents in Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming do not pay state income taxes.

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

New Mexico reported data from five pension systems. The total number of pension system members was 277,629.

	Local	State	Local & State
Employee contributions	$0	$576,492	$576,492
Government contributions	$0	$732,754	$732,754
Total Contributions	$0	$1,309,246	$1,309,246

Source: US Census Bureau