Table 4a(3) Cash and Investment Holdings of State and Local Government Employee-Retirement Systems by State and Level of Government: Fiscal Year 2004-2005 (Thousand dollars) Securities --------------------------------------------------------------------------------------- Nongovernmental --------------------------------------------------------------------------------------- Foreign and State and level Corporate Corporate Funds held international of government bonds stocks Mortgages in trust securities Other United States 392,202,391 1,038,353,125 11,652,927 81,696,819 376,887,479 236,586,851 State 320,288,355 857,067,981 10,846,013 75,260,940 316,411,233 195,292,809 Local 71,914,036 181,285,144 806,914 6,435,879 60,476,246 41,294,042 Alabama 7,611,171 12,504,142 0 0 2,892,754 143,540 State 7,257,143 11,506,738 0 0 2,769,054 6,001 Local 354,028 997,404 0 0 123,700 137,539 Alaska 2,112,096 4,542,197 142 0 1,892,420 667,726 State 2,022,193 4,382,662 50 0 1,826,223 647,321 Local 89,903 159,535 92 0 66,197 20,405 Arizona 3,400,970 19,836,478 25,736 0 251,197 2,878,035 State 3,303,361 18,943,939 25,736 0 0 2,191,570 Local 97,609 892,539 0 0 251,197 686,465 Arkansas 2,834,720 7,283,156 0 0 2,758,973 929,316 State 2,795,888 7,224,981 0 0 2,758,973 796,917 Local 38,832 58,175 0 0 0 132,399 California 78,946,186 201,104,160 3,886,854 1,871,808 98,937,853 16,966,392 State 53,914,822 155,510,119 3,832,106 1,390,409 72,453,965 9,671,455 Local 25,031,364 45,594,041 54,748 481,399 26,483,888 7,294,937 Colorado 5,929,423 16,463,047 210,769 133,012 7,607,928 526,438 State 5,168,082 14,558,113 8,839 0 6,720,703 277,946 Local 761,341 1,904,934 201,930 133,012 887,225 248,492 Connecticut 6,870,141 10,451,049 5,326 18,906 3,939,487 1,016,006 State 6,200,862 8,257,358 0 0 3,561,980 194,601 Local 669,279 2,193,691 5,326 18,906 377,507 821,405 Delaware 1,161,088 3,339,743 0 0 871,694 115,061 State 1,084,826 3,120,552 0 0 871,694 0 Local 76,262 219,191 0 0 0 115,061 District of Columbia 1,749,018 1,644,362 0 19,863 1,023,604 40,723 State 0 0 0 0 0 0 Local 1,749,018 1,644,362 0 19,863 1,023,604 40,723 Florida 11,365,925 62,894,286 0 642,180 20,493,731 7,630,428 State 9,252,971 56,732,243 0 10,012 19,800,290 5,857,876 Local 2,112,954 6,162,043 0 632,168 693,441 1,772,552 Georgia 8,301,857 32,999,089 23,977 125,801 5,626,471 260,232 State 7,516,791 30,183,887 0 107,122 5,595,502 74,205 Local 785,066 2,815,202 23,977 18,679 30,969 186,027 Hawaii 528,177 2,164,914 0 0 1,056,972 3,457,273 State 528,177 2,164,914 0 0 1,056,972 3,457,273 Local 0 0 0 0 0 0 Idaho 3,570,090 2,054,300 252,935 0 1,840,976 40,577 State 3,560,226 2,052,306 252,935 0 1,840,928 38,047 Local 9,864 1,994 0 0 48 2,530 Illinois 21,046,942 49,067,940 1,828 11,399,564 12,923,608 6,100,897 State 15,321,532 29,691,899 0 10,902,480 10,272,941 2,167,043 Local 5,725,410 19,376,041 1,828 497,084 2,650,667 3,933,854 Indiana 3,228,158 11,670,879 281 7,433 83,667 3,613,794 State 3,179,894 11,528,683 281 0 69,077 3,577,743 Local 48,264 142,196 0 7,433 14,590 36,051 Iowa 2,689,257 2,393,060 0 35,536 2,386,701 8,688,138 State 2,688,619 2,389,754 0 0 2,386,701 8,688,138 Local 638 3,306 0 35,536 0 0 Kansas 1,656,805 3,798,181 0 0 2,771,355 286,195 State 1,558,431 3,509,192 0 0 2,664,320 20,717 Local 98,374 288,989 0 0 107,035 265,478 Kentucky 5,886,066 15,318,796 675,071 4,431 8,504 2,077,252 State 5,787,330 15,148,738 675,071 0 0 1,983,441 Local 98,736 170,058 0 4,431 8,504 93,811 Louisiana 5,110,256 13,890,105 0 53,511 5,129,822 2,842,441 State 4,755,085 12,864,637 0 0 4,985,923 2,705,233 Local 355,171 1,025,468 0 53,511 143,899 137,208 Maine 165,495 2,076,148 0 3,231,229 34,015 2,636,500 State 165,495 2,076,148 0 3,231,229 34,015 2,636,500 Local 0 0 0 0 0 0 Maryland 4,305,989 7,955,599 0 90,536 4,876,982 19,083,293 State 3,009,681 4,415,093 0 0 3,855,640 17,177,718 Local 1,296,308 3,540,506 0 90,536 1,021,342 1,905,575 Massachusetts 2,031,887 7,093,157 117 17,218,141 2,165,853 20,340,022 State 423,610 881,976 0 16,589,319 224,383 19,023,445 Local 1,608,277 6,211,181 117 628,822 1,941,470 1,316,577 Michigan 12,118,427 33,604,683 212,703 669,536 6,858,125 5,192,259 State 9,285,625 24,652,792 0 0 5,793,056 3,684,430 Local 2,832,802 8,951,891 212,703 669,536 1,065,069 1,507,829 Minnesota 4,107,282 8,297,078 1,288 18,267,778 2,385,162 1,634,715 State 3,051,393 6,584,333 0 18,188,821 1,934,342 1,402,664 Local 1,055,889 1,712,745 1,288 78,957 450,820 232,051 Mississippi 4,686,709 9,014,253 0 0 3,516,848 0 State 4,686,709 9,014,253 0 0 3,516,848 0 Local 0 0 0 0 0 0 Missouri 8,848,938 17,009,910 3,309 4,333 7,843,447 4,784,331 State 8,038,431 13,685,083 0 4,333 7,575,567 4,000,253 Local 810,507 3,324,827 3,309 0 267,880 784,078 Montana 752,711 3,125,880 93,811 0 477,152 29,854 State 752,711 3,125,880 93,811 0 477,152 29,854 Local 0 0 0 0 0 0 Nebraska 704,837 1,813,126 0 549,264 181,513 3,522,350 State 468,397 1,083,603 0 0 3,763 3,454,801 Local 236,440 729,523 0 549,264 177,750 67,549 Nevada 4,543,148 8,501,142 14 0 3,513,786 1,783,200 State 4,543,148 8,501,142 14 0 3,513,786 1,783,200 Local 0 0 0 0 0 0 New Hampshire 319,215 2,119,827 0 0 622,086 517,395 State 292,570 2,070,183 0 0 608,417 511,533 Local 26,645 49,644 0 0 13,669 5,862 New Jersey 17,039,927 22,647,146 78,980 29,065 11,898,951 5,880,901 State 17,026,408 22,589,767 78,980 29,065 11,898,951 5,869,892 Local 13,519 57,379 0 0 0 11,009 New Mexico 3,226,844 8,450,310 0 0 3,742,156 342,816 State 3,226,844 8,450,310 0 0 3,742,156 342,816 Local 0 0 0 0 0 0 New York 33,618,463 163,867,499 5,411,504 189,991 37,921,348 11,695,005 State 14,886,654 115,411,460 5,290,588 0 22,753,188 355,163 Local 18,731,809 48,456,039 120,916 189,991 15,168,160 11,339,842 North Carolina 14,143,788 32,629,046 0 21,567 5,947,176 78,348 State 14,133,775 32,477,305 0 0 5,889,946 0 Local 10,013 151,741 0 21,567 57,230 78,348 North Dakota 601,923 932,707 0 79,524 573,021 499,156 State 550,145 916,710 0 0 573,021 466,793 Local 51,778 15,997 0 79,524 0 32,363 Ohio 23,626,494 58,741,136 0 824 26,490,608 7,221,310 State 23,394,122 57,543,590 0 824 26,144,620 7,188,795 Local 232,372 1,197,546 0 0 345,988 32,515 Oklahoma 2,434,759 7,030,017 0 1,559,693 2,673,691 3,139,106 State 2,308,089 6,877,392 0 1,559,693 2,549,933 2,828,216 Local 126,670 152,625 0 0 123,758 310,890 Oregon 5,082,988 9,868,404 724 5,469 9,799,658 11,316,807 State 5,082,988 9,868,404 724 0 9,799,658 11,308,217 Local 0 0 0 5,469 0 8,590 Pennsylvania 12,746,430 30,778,945 115,228 719,124 17,210,516 6,303,841 State 11,138,645 23,676,748 56,071 0 16,876,346 4,719,378 Local 1,607,785 7,102,197 59,157 719,124 334,170 1,584,463 Rhode Island 732,455 1,424,373 0 3,031,077 978,553 1,165,880 State 701,400 1,157,358 0 2,793,468 952,132 1,010,615 Local 31,055 267,015 0 237,609 26,421 155,265 South Carolina 8,248,447 5,142,839 0 5,909,052 0 4,114,534 State 8,240,419 5,119,416 0 5,909,052 0 4,110,377 Local 8,028 23,423 0 0 0 4,157 South Dakota 671,030 2,467,817 0 0 1,469,543 511,632 State 646,977 2,460,525 0 0 1,401,091 384,728 Local 24,053 7,292 0 0 68,452 126,904 Tennessee 6,113,158 11,037,452 121,523 3,949 5,014,079 302,847 State 5,539,359 7,555,537 0 0 4,489,761 27 Local 573,799 3,481,915 121,523 3,949 524,318 302,820 Texas 24,254,750 62,371,474 0 1,250,371 21,991,129 5,809,777 State 22,168,947 56,381,428 0 9,929 18,795,140 4,371,480 Local 2,085,803 5,990,046 0 1,240,442 3,195,989 1,438,297 Utah 680,874 6,520,755 10,205 0 4,255,503 0 State 680,874 6,520,755 10,205 0 4,255,503 0 Local 0 0 0 0 0 0 Vermont 568,233 1,197,420 0 0 749,663 21,565 State 551,938 1,141,404 0 0 733,593 21,565 Local 16,295 56,016 0 0 16,070 0 Virginia 7,841,921 19,230,852 0 0 1,310,573 14,172,385 State 6,471,205 15,585,978 0 0 0 12,316,058 Local 1,370,716 3,644,874 0 0 1,310,573 1,856,327 Washington 7,322,039 1,310,679 4,893 14,535,284 7,859,083 5,931,560 State 7,041,783 18,713 4,893 14,535,184 7,504,872 5,931,560 Local 280,256 1,291,966 0 100 354,211 0 West Virginia 2,002,776 2,200,331 0 18,967 1,057,319 12,163 State 1,985,433 2,136,572 0 0 1,057,319 0 Local 17,343 63,759 0 18,967 0 12,163 Wisconsin 3,909,487 13,024,496 515,709 0 10,972,223 39,855,351 State 3,145,726 11,868,668 515,709 0 9,821,788 37,599,720 Local 763,761 1,155,828 0 0 1,150,435 2,255,631 Wyoming 752,621 3,448,740 0 0 0 407,484 State 752,621 3,448,740 0 0 0 407,484 Local 0 0 0 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(3). Source: U.S. Census Bureau, Governments Division Created: September 22, 2006 Last Revised: May 30, 2008