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OCT. 6, 2020 —The U.S. Census Bureau released a supplemental unit and public-use file from for the 2019 Annual Survey of Public Pensions (ASPP). The ASPP provides revenues, expenditures, financial assets and membership information for defined-benefit public pension systems. The file provides detailed actuarial data for state and locally administered defined-benefit public pension systems in the ASPP.
Defined-benefit plans provide a specified monthly benefit in retirement. Retirement benefits are calculated through a plan formula that considers such factors as salary and service. This is different from other plans that do not promise a specific amount of benefits at retirement. Retirement income is based on the employee or the employer (or both) contributions to the employee's individual account that are invested on the employee's behalf and depend on investment performance.
The highlights include:
In 2019, 76.1% of state and locally administered defined-benefit public pension systems met or exceeded their actuarially determined contributions.
Actuarial data are also available for 2017 and 2018 at <www.census.gov/data/datasets/2017/econ/aspp/aspp-historical-datasets.html>.
For further information, please contact the Economy-Wide Statistics Division at 1-800-832-2839 or by email at <ewd.pensions@census.gov>.
The data and technical documentation for this release can be found at <www.census.gov/programs-surveys/aspp.html>.
No news release associated with this product. Tip Sheet only.
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Contact
Mike Friedrich
Public Information Office
301-763-3030
pio@census.gov
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