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Sunday, December 22, 2024

2022 Public Pension Contributions: New Mexico ranks 32nd in the U.S.

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Michelle Lujan Grisham Governor of the State of New Mexico | Official website

Michelle Lujan Grisham Governor of the State of New Mexico | Official website

New Mexico received $1.5 million in public pension contributions, ranking it 32nd in the United States in 2022, according to data obtained from the U.S. Census Bureau's Annual Survey of Public Pensions.

All $1.5 million was in state 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, township, school districts and special districts.

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

U.S. Total Contributions by State in 2022
RankStateTotal Contributions
1California$61,472,803
2Illinois$25,568,115
3Pennsylvania$23,035,222
4New York$19,588,921
5Texas$15,438,565
6New Jersey$9,636,070
7Ohio$9,007,203
8Massachusetts$8,468,594
9Florida$7,168,534
10Michigan$6,881,414
11Arizona$6,648,780
12Connecticut$5,669,785
13Virginia$5,457,675
14Georgia$5,427,898
15North Carolina$5,267,174
16Oregon$5,089,912
17Maryland$4,561,210
18Washington$3,975,243
19Louisiana$3,901,140
20Colorado$3,771,783
21Missouri$3,750,945
22Kentucky$3,563,500
23South Carolina$3,447,446
24Minnesota$3,057,741
25Indiana$2,866,901
26Alabama$2,597,188
27Kansas$2,501,388
28Wisconsin$2,463,164
29Oklahoma$2,068,707
30Mississippi$1,849,109
31Iowa$1,575,486
32New Mexico$1,516,279
33Hawaii$1,498,235
34Utah$1,422,377
35Arkansas$1,338,564
36Nevada$1,242,809
37Tennessee$1,147,480
38West Virginia$1,071,830
39Rhode Island$1,027,610
40Maine$903,794
41New Hampshire$853,889
42Nebraska$845,146
43Alaska$788,840
44Idaho$775,583
45Montana$629,434
46Delaware$521,482
47North Dakota$419,380
48Wyoming$393,259
49Vermont$368,331
50South Dakota$306,509

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