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Table 4a(4)  Cash and Investment Holdings of State and Local
Government Employee-Retirement Systems by State and Level of Government:
Fiscal Year 2005-2006
 (Thousand dollars)
 State and level         of government Total other investments Real property Miscellaneous investments
United States 255,355,802 66,783,925 188,571,877
    State 221,176,784 55,547,753 165,629,031
    Local 34,179,018 11,236,172 22,942,846
Alabama 1,837,056 1,793,214 43,842
    State 1,793,258 1,793,214 44
    Local 43,798 0 43,798
Alaska 2,689,872 1,380,639 1,309,233
    State 2,654,685 1,360,105 1,294,580
    Local 35,187 20,534 14,653
Arizona 538,254 87,545 450,709
    State 490,652 39,957 450,695
    Local 47,602 47,588 14
Arkansas 1,618,811 505,756 1,113,055
    State 1,618,653 505,756 1,112,897
    Local 158 0 158
California 66,219,772 29,238,808 36,980,964
    State 46,049,366 20,803,490 25,245,876
    Local 20,170,406 8,435,318 11,735,088
Colorado 6,143,922 433,276 5,710,646
    State 5,461,061 404,285 5,056,776
    Local 682,861 28,991 653,870
Connecticut 2,516,749 7,199 2,509,550
    State 2,222,317 0 2,222,317
    Local 294,432 7,199 287,233
Delaware 775,215 0 775,215
    State 775,215 0 775,215
    Local 0 0 0
District of Columbia 320,880 2,076 318,804
    State 0 0 0
    Local 320,880 2,076 318,804
Florida 8,881,122 5,281,421 3,599,701
    State 8,562,141 5,205,999 3,356,142
    Local 318,981 75,422 243,559
Georgia 52,541 27,496 25,045
    State 24,813 24,813 0
    Local 27,728 2,683 25,045
Hawaii 1,327,151 0 1,327,151
    State 1,327,151 0 1,327,151
    Local 0 0 0
Idaho 467,181 0 467,181
    State 467,181 0 467,181
    Local 0 0 0
Illinois 9,131,547 225,674 8,905,873
    State 6,924,487 225,674 6,698,813
    Local 2,207,060 0 2,207,060
Indiana 545,275 0 545,275
    State 545,275 0 545,275
    Local 0 0 0
Iowa 4,308,537 1,058 4,307,479
    State 4,308,009 1,058 4,306,951
    Local 528 0 528
Kansas 1,523,828 490,560 1,033,268
    State 1,480,105 490,560 989,545
    Local 43,723 0 43,723
Kentucky 1,916,443 1,906,380 10,063
    State 1,916,443 1,906,380 10,063
    Local 0 0 0
Louisiana 3,504,078 113,292 3,390,786
    State 3,429,280 86,838 3,342,442
    Local 74,798 26,454 48,344
Maine 9,557 3,529 6,028
    State 9,557 3,529 6,028
    Local 0 0 0
Maryland 2,976,077 535,017 2,441,060
    State 2,090,677 504,036 1,586,641
    Local 885,400 30,981 854,419
Massachusetts 2,093,425 456,555 1,636,870
    State 326,209 23,885 302,324
    Local 1,767,216 432,670 1,334,546
Michigan 6,191,928 621,474 5,570,454
    State 4,644,031 6,641 4,637,390
    Local 1,547,897 614,833 933,064
Minnesota 14,193,414 90,094 14,103,320
    State 13,982,269 0 13,982,269
    Local 211,145 90,094 121,051
Mississippi 740,307 17,180 723,127
    State 740,307 17,180 723,127
    Local 0 0 0
Missouri 4,800,590 97,892 4,702,698
    State 4,647,173 20,664 4,626,509
    Local 153,417 77,228 76,189
Montana 2,154,845 16,694 2,138,151
    State 2,154,845 16,694 2,138,151
    Local 0 0 0
Nebraska 242,355 135,976 106,379
    State 53,312 5,713 47,599
    Local 189,043 130,263 58,780
Nevada 1,301,670 3,861 1,297,809
    State 1,301,670 3,861 1,297,809
    Local 0 0 0
New Hampshire 393,038 3,135 389,903
    State 350,271 0 350,271
    Local 42,767 3,135 39,632
New Jersey 2,091,521 0 2,091,521
    State 2,088,517 0 2,088,517
    Local 3,004 0 3,004
New Mexico 474,599 30,143 444,456
    State 474,599 30,143 444,456
    Local 0 0 0
New York 25,256,120 7,506,342 17,749,778
    State 25,238,854 7,506,342 17,732,512
    Local 17,266 0 17,266
North Carolina 2,820,605 884 2,819,721
    State 2,818,599 884 2,817,715
    Local 2,006 0 2,006
North Dakota 556,751 18,336 538,415
    State 556,751 18,336 538,415
    Local 0 0 0
Ohio 16,221,185 6,600,618 9,620,567
    State 16,201,150 6,600,618 9,600,532
    Local 20,035 0 20,035
Oklahoma 463,695 78,189 385,506
    State 410,296 24,790 385,506
    Local 53,399 53,399 0
Oregon 8,776,457 2,587,967 6,188,490
    State 8,776,457 2,587,967 6,188,490
    Local 0 0 0
Pennsylvania 13,743,710 1,218,270 12,525,440
    State 13,388,137 1,163,091 12,225,046
    Local 355,573 55,179 300,394
Rhode Island 813,952 11,703 802,249
    State 742,599 11,378 731,221
    Local 71,353 325 71,028
South Carolina 3,696 3,696 0
    State 3,696 3,696 0
    Local 0 0 0
South Dakota 782,460 0 782,460
    State 782,460 0 782,460
    Local 0 0 0
Tennessee 1,621,953 1,162,844 459,109
    State 977,190 977,190 0
    Local 644,763 185,654 459,109
Texas 8,027,737 703,822 7,323,915
    State 5,824,417 16,073 5,808,344
    Local 2,203,320 687,749 1,515,571
Utah 2,964,862 2,353,273 611,589
    State 2,964,862 2,353,273 611,589
    Local 0 0 0
Vermont 286,803 0 286,803
    State 286,803 0 286,803
    Local 0 0 0
Virginia 5,004,380 40,583 4,963,797
    State 4,133,651 0 4,133,651
    Local 870,729 40,583 830,146
Washington 12,072,412 187,814 11,884,598
    State 11,524,798 0 11,524,798
    Local 547,614 187,814 359,800
West Virginia 111 0 111
    State 0 0 0
    Local 111 0 111
Wisconsin 3,478,728 350,806 3,127,922
    State 3,153,910 350,806 2,803,104
    Local 324,818 0 324,818
Wyoming 478,625 452,834 25,791
    State 478,625 452,834 25,791
    Local 0 0 0
Note:  The standard error is a measure of the variation among the estimates from all 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 (CV) is the estimated standard error expressed as a percent of the estimated total or proportion.  CV's for estimates in this table are displayed in table 4b(4).
Created: June 30 2008
Last Revised: March 25 2010