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Friday, November 22, 2024

Hawaii pension investment earnings fall 10.6%

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Lt. Governor Sylvia Luke | ltgov.hawaii.gov/

Lt. Governor Sylvia Luke | ltgov.hawaii.gov/

The earnings on investments for Hawaii public pensions dropped from $474,514 in 2019 to $424,154 in 2020, 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.

Hawaii reported data from one pension systems. The total number of pension system members was 127,107.

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