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Thursday, November 21, 2024

Kansas pension holdings worth $26.7 million in 2022

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Kansas Governor Laura Kelly | governor.kansas.gov/governor/

Kansas Governor Laura Kelly | governor.kansas.gov/governor/

In 2022, Kansas had $26.7 million in total cash and investment holdings in its public pension funds, according to the U.S. Census Bureau's Annual Survey of Public Pensions.

Of that amount, $24.3 million was in state pension funds, and the remaining $2.5 million 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 not all respondents answer all survey questions. Thus, some fields were left blank.

Kansas reported data from 12 pension systems, including one state-level pension fund and 11 local-level systems. The total number of pension system members was 341,122 (333,781 at the state level and 7,341 at the local level).

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