For the 100 largest public-employee pension systems in the country, assets (cash and investments) totaled $3,686.0 billion in the first quarter of 2020, decreasing by 10.5 percent from the fourth quarter 2019 level of $4,118.6 billion. Compared to the same quarter in 2019, assets for these major public-pension systems decreased 4.5 percent from $3,861.5 billion.