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Tuesday, November 5, 2024

Colorado Pension Fund Performance: Earnings dip by 16.2% in 2021

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Lt. Governor Dianne Primavera | Colorado Government Official Website

Lt. Governor Dianne Primavera | Colorado Government Official Website

The earnings on investments for Colorado public pensions dropped from $1.3 million in 2020 to $1.1 million in 2021, according to data obtained from the U.S. Census Bureau’s Annual Survey of Public Pensions.

The Census Bureau's 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.

Colorado reported data from 72 pension systems, including 11 state-level pension funds and 61 local-level systems. The total number of pension system members was 745,043 (697,105 at the state level and 47,938 at the local level).

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