| Table 1. National
Summary of State and Local Government Employee-Retirement System
Finances: Fiscal Year 2003-04 |
|
| Revised
January 2006 |
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| (Thousand dollars) |
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| Item |
Amount |
CV |
Percent |
CV |
| Total receipts |
407,335,732 |
0.06% |
100.00% |
0.00% |
| |
|
|
|
|
| Employee contributions |
30,785,801 |
0.08% |
7.56% |
0.05% |
| Government contributions |
60,995,984 |
0.11% |
14.97% |
0.07% |
| State government contributions |
31,159,060 |
0.06% |
7.65% |
0.06% |
| Local government contributions |
29,836,924 |
0.21% |
7.32% |
0.16% |
| Earnings on investments1 |
315,553,947 |
0.06% |
77.47% |
0.02% |
| |
|
|
|
|
| Total payments |
145,449,071 |
0.07% |
100.00% |
0.00% |
| |
|
|
|
|
| Benefits |
133,106,842 |
0.07% |
91.51% |
0.01% |
| Withdrawals |
4,430,593 |
0.16% |
3.05% |
0.13% |
| Other payments |
7,911,636 |
0.11% |
5.44% |
0.08% |
| |
|
|
|
|
| Total
cash and investment holdings at end of fiscal year |
2,495,352,487 |
0.04% |
100.00% |
0.00% |
| |
|
|
|
|
| Cash and short-term
investments |
84,811,257 |
0.20% |
3.40% |
0.20% |
| |
|
|
|
|
| Total securities |
2,213,581,060 |
0.04% |
88.71% |
0.02% |
| Governmental securities |
223,412,871 |
0.13% |
8.95% |
0.12% |
| Federal government |
215,159,724 |
0.14% |
8.62% |
0.12% |
| United States Treasury |
134,943,113 |
0.19% |
5.41% |
0.18% |
| Federal agency |
80,216,611 |
0.18% |
3.21% |
0.18% |
| State and local government |
8,253,147 |
0.13% |
0.33% |
0.14% |
| |
|
|
|
|
| Nongovernmental |
1,990,168,189 |
0.04% |
79.75% |
0.02% |
| Corporate bonds |
421,340,923 |
0.04% |
16.89% |
0.05% |
| Corporate stocks |
930,524,635 |
0.05% |
37.29% |
0.04% |
| Mortgages |
17,754,616 |
0.00% |
0.71% |
0.04% |
| Funds held in trust |
52,227,528 |
0.86% |
2.09% |
0.84% |
| Foreign and international |
311,642,945 |
0.02% |
12.49% |
0.04% |
| Other nongovernmental |
256,677,542 |
0.10% |
10.29% |
0.10% |
| |
|
|
|
|
| Other investments |
196,960,170 |
0.21% |
7.89% |
0.19% |
| Real Property |
43,715,769 |
0.07% |
1.75% |
0.06% |
| Miscellaneous investments |
153,244,401 |
0.25% |
6.14% |
0.23% |
| 1 The total of "net
earnings" is a calculated statistic (the item code in the data file is
X08), and thus can be positive or negative.
Net earnings is the sum of earnings on investments plus gains on
investments minus losses on investments.
The change made in 2002 for asset valuation from book to market value
in accordance with Statement 34 of the Governmental Accounting Standards
Board is reflected in the calculated statistics. |
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| Note: The standard error is a measure of the
variation among the estimates from all possible samples and thus is a measure
of the precision with which an estimate from a particular sample approximates
the average results of all possible samples.
The coefficient of variation is the estimated standard error expressed
as a percent of the estimated total or proportion. |
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Created: February 06 2006