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Saturday, November 23, 2024

New Hampshire pension investment earnings fall 74.9 percent

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The earnings on investments for New Hampshire public pensions dropped from $754,812 in 2018 to $189,686 in 2019, 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.

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 Hampshire reported data from five pension systems, including two state-level pension funds and three local-level systems. The total number of pension system members was 104,400 (101,854 at the state level and 2,546 at the local level).

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