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For the 100 largest public-employee pension systems in the country, cash and security holdings totaled $3,305.2 billion in the third quarter of 2014, dropping from the previous all-time-high of $3,365.4 billion set in the second quarter of 2014, a decrease of 1.8 percent. Compared to the third quarter of 2013, assets for these major public pension systems increased 8.0 percent from $3,061.6 billion. This decline in assets is due to negative earnings, which fell from $129.4 billion in the second quarter of 2014 to –$43.0 billion in the third quarter. Earnings experienced a year-to-year decrease from $120.9 billion in the third quarter of 2013.
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