Table 2b. Coefficient of Variation for Revenues of State and Local Government Employee-Retirement Systems by State and Level of Government: Fiscal Year 2003-04 Revised January 2006 Government contributions -------------------------------------- State and level Total Employee From state From local Earnings on of government receipts contributions Total government government investments United States 0.06% 0.08% 0.11% 0.06% 0.21% 0.06% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.37% 0.52% 0.56% 3.89% 0.54% 0.36% Alabama 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Alaska 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Arizona 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Arkansas 0.05% 0.03% 0.15% 0.38% 0.13% 0.07% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 2.21% 2.07% 3.22% 5.90% 3.35% 3.55% California 0.00% 0.00% 0.09% 0.00% 0.12% 0.02% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.01% 0.00% 0.24% 0.00% 0.24% 0.09% Colorado 0.05% 0.02% 0.15% 0.36% 0.08% 0.06% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.47% 0.25% 1.09% 63.58% 0.42% 0.58% Connecticut 0.24% 0.32% 0.19% 0.00% 1.22% 0.47% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.73% 2.11% 1.51% 7.77% 1.50% 1.05% Delaware 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% District of Columbia 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Florida 0.33% 0.90% 1.02% 0.55% 1.34% 0.26% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 2.83% 1.52% 7.92% 6.10% 9.64% 2.41% Georgia 0.04% 0.11% 0.03% 0.00% 0.10% 0.04% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.40% 1.55% 0.24% 0.00% 0.24% 0.37% Hawaii 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Idaho 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Illinois 0.21% 0.20% 0.11% 0.06% 0.96% 0.37% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.88% 0.62% 1.29% 7.57% 1.50% 1.09% Indiana 0.28% 0.04% 0.36% 0.45% 0.25% 0.42% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 7.54% 2.69% 3.35% 6.17% 1.16% 28.75% Iowa 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Kansas 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Kentucky 0.00% 0.00% 0.02% 0.00% 0.10% 0.01% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.07% 0.12% 0.73% 0.00% 0.73% 0.24% Louisiana 0.03% 0.00% 0.11% 0.00% 0.52% 0.03% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.24% 0.00% 1.98% 0.00% 2.01% 0.21% Maine 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Maryland 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Massachusetts 0.31% 0.52% 1.17% 0.04% 2.50% 0.12% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 1.05% 1.85% 2.62% 0.44% 2.89% 0.43% Michigan 0.16% 0.28% 0.91% 0.00% 1.03% 0.20% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.70% 1.62% 3.86% 0.00% 3.86% 0.86% Minnesota 0.23% 0.00% 0.97% 1.18% 0.90% 0.15% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 1.86% 0.00% 4.70% 5.04% 4.58% 1.25% Mississippi 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Missouri 0.16% 0.24% 0.61% 0.80% 0.76% 0.14% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 1.21% 2.13% 3.87% 71.19% 3.30% 1.11% Montana 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Nebraska 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Nevada 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% New Hampshire 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% New Jersey 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% New Mexico 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% New York 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% North Carolina 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% North Dakota 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Ohio 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Oklahoma 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Oregon 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Pennsylvania 0.79% 0.38% 2.48% 4.71% 1.84% 0.77% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 5.78% 2.41% 5.08% 22.15% 2.76% 6.55% Rhode Island 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% South Carolina 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% South Dakota 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Tennessee 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Texas 0.20% 0.06% 0.04% 0.00% 0.08% 0.30% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 1.23% 0.63% 0.26% 0.00% 0.26% 1.62% Utah 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Vermont 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Virginia 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Washington 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% West Virginia 0.11% 0.12% 0.22% 0.43% 0.17% 0.06% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 2.95% 3.51% 4.36% 3.88% 4.90% 2.60% Wisconsin 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Wyoming 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% State 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Local 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 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 (CV) is the estimated standard error expressed as a percent of the estimated total or proportion. Each column in this table contains the coefficients of variation that have been computed for the estimated amounts in table 2a.