| Table 1.
National Summary of State and Local |
|
|
|
| Government
Employee-Retirement System Finances: |
|
| Fiscal Year 2004-2005 |
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|
| (Thousand dollars) |
|
|
|
|
| Item |
Amount |
CV |
Percent |
CV |
| Total receipts |
354,251,323 |
0.05% |
100.00% |
0.00% |
| |
|
|
|
|
| Employee contributions |
30,968,182 |
0.08% |
8.74% |
0.04% |
| Government contributions |
60,596,511 |
0.13% |
17.11% |
0.08% |
| State government contributions |
24,394,114 |
0.07% |
6.89% |
0.07% |
| Local government contributions |
36,202,397 |
0.20% |
10.22% |
0.15% |
| Earnings on investments1 |
262,686,630 |
0.04% |
74.15% |
0.02% |
| |
|
|
|
|
| Total payments |
156,050,735 |
0.07% |
100.00% |
0.00% |
| |
|
|
|
|
| Benefits |
142,141,336 |
0.07% |
91.09% |
0.01% |
| Withdrawals |
3,654,663 |
0.11% |
2.34% |
0.09% |
| Other payments |
10,254,736 |
0.10% |
6.57% |
0.07% |
| |
|
|
|
|
| Total cash and investment
holdings at |
2,675,138,857 |
0.04% |
100.00% |
0.00% |
| end of fiscal year |
|
|
|
|
| |
|
|
|
|
| Cash and short-term
investments |
91,099,859 |
0.15% |
3.41% |
0.15% |
| |
|
|
|
|
| Total securities |
2,371,494,227 |
0.05% |
88.65% |
0.01% |
| Governmental securities |
234,114,635 |
0.11% |
8.75% |
0.10% |
| Federal government |
232,508,060 |
0.11% |
8.69% |
0.10% |
| United States Treasury |
171,517,400 |
0.12% |
6.41% |
0.10% |
| Federal agency |
60,990,660 |
0.26% |
2.28% |
0.25% |
| State and local government |
1,606,575 |
2.02% |
0.06% |
2.02% |
| |
|
|
|
|
| Nongovernmental |
2,137,379,592 |
0.05% |
79.90% |
0.01% |
| Corporate bonds |
392,202,391 |
0.06% |
14.66% |
0.04% |
| Corporate stocks |
1,038,353,125 |
0.05% |
38.81% |
0.04% |
| Mortgages |
11,652,927 |
0.02% |
0.44% |
0.04% |
| Funds held in trust |
81,696,819 |
0.66% |
3.05% |
0.64% |
| Foreign and international |
376,887,479 |
0.01% |
14.09% |
0.04% |
| Other nongovernmental |
236,586,851 |
0.19% |
8.84% |
0.18% |
| |
|
|
|
|
| Other investment |
212,544,771 |
0.03% |
7.95% |
0.05% |
| Real Property |
41,999,690 |
0.00% |
1.57% |
0.04% |
| Miscellaneous investments |
170,545,081 |
0.04% |
6.38% |
0.06% |
|
|
|
| 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. |
|
| 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: September 22 2006