The U.S. Census Bureau
 
Table 1.  National Summary of State and Local
Government Employee-Retirement System Finances:
Fiscal Year 2005-2006
(Thousand dollars)
Item  Amount CV Percent CV
Total receipts 392,812,874 0.05% 100.00% 0.00%
     
Employee contributions 32,688,519 0.08% 8.32% 0.05%
Government contributions 64,481,052 0.12% 16.42% 0.08%
    State government contributions 26,364,650 0.07% 6.71% 0.08%
    Local government contributions 38,116,402 0.19% 9.70% 0.14%
Earnings on investments1 295,643,303 0.04% 75.26% 0.02%
     
Total payments 166,407,512 0.06% 100.00% 0.00%
     
Benefits 152,071,781 0.06% 91.39% 0.01%
Withdrawals 4,107,721 0.12% 2.47% 0.10%
Other payments 10,228,010 0.09% 6.15% 0.06%
     
Total cash and investment holdings at 2,912,494,412 0.05% 100.00% 0.00%
end of fiscal year    
     
Cash and short-term investments 92,891,182 0.20% 3.19% 0.19%
     
Total securities 2,564,247,428 0.06% 88.04% 0.01%
    Governmental securities 244,881,577 0.13% 8.41% 0.11%
        Federal government 242,996,381 0.12% 8.34% 0.10%
            United States Treasury 148,981,749 0.18% 5.12% 0.15%
            Federal agency 94,014,632 0.18% 3.23% 0.18%
        State and local government 1,885,196 1.53% 0.06% 1.53%
     
Nongovernmental 2,319,365,851 0.06% 79.64% 0.01%
    Corporate bonds 411,366,986 0.06% 14.12% 0.05%
    Corporate stocks 1,126,012,368 0.06% 38.66% 0.04%
    Mortgages 13,254,459 0.07% 0.46% 0.09%
    Funds held in trust 91,171,541 0.64% 3.13% 0.62%
    Foreign and international 437,928,142 0.03% 15.04% 0.04%
    Other nongovernmental 239,632,355 0.21% 8.23% 0.20%
     
Other investment 255,355,802 0.05% 8.77% 0.06%
    Real Property 66,783,925 0.04% 2.29% 0.05%
    Miscellaneous investments 188,571,877 0.07% 6.47% 0.08%
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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Source: U.S. Census Bureau, Governments Division
Created: July 01 2008
Last Revised: July 01 2008