Volunteer State News

The earnings on investments for Tennessee public pensions dropped from $3.7 million in 2019 to $10,911 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.

Tennessee reported data from 40 pension systems, including two state-level pension funds and 38 local-level systems. The total number of pension system members was 709,955 (617,168 at the state level and 92,787 at the local level).