Home

News

Contact:
Zack Hutchins
Director of Communications
518.465.7511

For Release — Thursday, October 5, 2006

NEW YORK GOVERNMENT EMPLOYEES CONTRIBUTE LESS TO PENSIONS AND RECEIVE MORE, CENSUS DATA SHOW

ALBANY—New York’s state and local government employees pay a smaller share of pension costs, but collect higher benefits than public employees in other states, according to a Public Policy Institute analysis of new data from the U.S. Census Bureau.

State and local government retirees in New York collected an average $23,891 in pension benefits in 2005, some 16 percent above the national average, according to the Institute.

New York’s state and local governments contributed a total of $6.9 billion in taxpayer funding for pensions in 2004-05, Census data show. That was up from $4.2 billion the previous year, and $1.5 billion in 2001.

New York government employees contributed just over $1 billion in 2005. That was less than 4 percent of total receipts to the state’s pension systems, which also receive income from investments along with tax revenues paid by public employers. Nationwide, state and local government workers contributed an average 9 percent of pension fund revenue.

The New York State figures include data for 14 separate pension funds. These include the Common Retirement Fund, covering most state and municipal employees in New York; and the Teachers Retirement System, which covers most public-school teachers and some other public employees.

More than 732,000 New York state and local government workers collected public pensions in 2005. That figure represented 10.6 percent of the nationwide total of state and local government pension recipients; New York's population that year was 6.5 percent of the U.S. population.

State
Employee contributions as % of total receipts
Rank
Average
benefit
Rank, employee contributions as % of total receipts
1
Connecticut
$28,170
6
16%
2
Colorado
26,527
32
9%
3
Nevada
25,953
46
3%
4
New Jersey
25,953
3
18%
5
Rhode Island
25,080
11
13%
6
California
24,244
31
9%
7
Alaska
24,014
24
11%
8
NEW YORK
23,891
45
4%
9
Oregon
22,776
50
0%
10
Illinois
22,610
10
14%
11
Georgia
22,543
34
8%
12
Wisconsin
22,286
38
6%
13
Texas
21,480
22
12%
14
Ohio
21,100
21
12%
15
Massachusetts
20,902
12
13%
16
Pennsylvania
20,385
28
10%
17
Hawaii
20,310
44
4%
18
Minnesota
20,032
26
10%
19
Arizona
19,326
7
16%
20
Maine
19,281
27
10%
21
Florida
18,963
49
1%
22
New Mexico
18,630
9
14%
23
Missouri
18,327
30
9%
24
Kentucky
18,199
2
18%
25
Maryland
18,099
40
6%
26
Washington
17,754
43
4%
27
Nebraska
17,577
13
13%
28
Louisiana
17,567
23
11%
29
Mississippi
17,474
8
15%
30
Michigan
17,088
41
5%
31
Utah
16,737
48
1%
32
Alabama
16,658
20
12%
33
South Carolina
16,401
4
17%
34
Virginia
16,390
47
2%
35
Arkansas
16,207
42
5%
36
Oklahoma
15,991
16
12%
37
North Carolina
15,889
15
12%
38
New Hampshire
15,486
1
22%
39
Delaware
15,003
39
6%
40
Idaho
13,195
18
12%
41
Tennessee
13,065
37
7%
42
Indiana
12,900
29
10%
43
South Dakota
12,556
35
8%
44
Vermont
12,423
17
12%
45
Wyoming
12,384
25
11%
46
West Virginia
12,348
36
8%
47
Montana
12,077
5
17%
48
Kansas
11,741
19
12%
49
North Dakota
11,661
14
13%
50
Iowa
11,591
33
9%
U.S. average
$20,474
9%

The Census data used in the Institute's analysis are available at www.census.gov/govs/www/retire.html.

-30-