Skip to content

40,323 Entries
40 Added in Past 24 Hours

Census Bureau Releases 2024 Annual Survey of Public Pensions

Excerpt:  “Public pensions in the nation totaled nearly $6 trillion in 2024, according to the Annual Survey of Public Pensions (ASPP) released today by the U.S. Census Bureau. … State and local governments in 2024 invested $5.99 trillion in short- and long-term assets in pension plans, up 9.24% from $5.48 trillion in 2023. More than 36 million people (including inactive employees not currently contributing to pensions but eligible for future benefits) participated in state and local retirement plans in 2024. Employees contributed 75.77% and the government contributed (on behalf of employees) 24.2% of the total $305.79 billion invested in state and local government retirement plans in 2024. State and local government pension plans in 2024 provided $405.45 billion in benefit payments to beneficiaries (retirees as well as their spouses or dependent children), up 9.26% from $386.67 billion in 2023.”