Table 1.  National Summary of State and Local
Government Employee-Retirement System Finances:

Fiscal Year 2005-2006
(Thousand dollars)

Item                                                  Amount             CV        Percent             CV

Total receipts                                   392,812,874          0.05%        100.00%          0.00%

Employee contributions                            32,688,519          0.08%          8.32%          0.05%
Government contributions                          64,481,052          0.12%         16.42%          0.08%
    State government contributions                26,364,650          0.07%          6.71%          0.08%
    Local government contributions                38,116,402          0.19%          9.70%          0.14%
Earnings on investments1                         295,643,303          0.04%         75.26%          0.02%

Total payments                                   166,407,512          0.06%        100.00%          0.00%

Benefits                                         152,071,781          0.06%         91.39%          0.01%
Withdrawals                                        4,107,721          0.12%          2.47%          0.10%
Other payments                                    10,228,010          0.09%          6.15%          0.06%

Total cash and investment holdings at          2,912,494,412          0.05%        100.00%          0.00%
end of fiscal year

Cash and short-term investments                   92,891,182          0.20%          3.19%          0.19%

Total securities                               2,564,247,428          0.06%         88.04%          0.01%
    Governmental securities                      244,881,577          0.13%          8.41%          0.11%
        Federal government                       242,996,381          0.12%          8.34%          0.10%
            United States Treasury               148,981,749          0.18%          5.12%          0.15%
            Federal agency                        94,014,632          0.18%          3.23%          0.18%
        State and local government                 1,885,196          1.53%          0.06%          1.53%

Nongovernmental                                2,319,365,851          0.06%         79.64%          0.01%
    Corporate bonds                              411,366,986          0.06%         14.12%          0.05%
    Corporate stocks                           1,126,012,368          0.06%         38.66%          0.04%
    Mortgages                                     13,254,459          0.07%          0.46%          0.09%
    Funds held in trust                           91,171,541          0.64%          3.13%          0.62%
    Foreign and international                    437,928,142          0.03%         15.04%          0.04%
    Other nongovernmental                        239,632,355          0.21%          8.23%          0.20%

Other investment                                 255,355,802          0.05%          8.77%          0.06%
    Real Property                                 66,783,925          0.04%          2.29%          0.05%
    Miscellaneous investments                    188,571,877          0.07%          6.47%          0.08%


(1) The total of "net earnings" is a calculated statistic (the item code in the data file is X08), 
and thus can be positive or negative.  Net earnings is the sum of earnings on investments plus 
gains on investments minus losses on investments.  The change made in 2002 for asset valuation 
from book to market value in accordance with Statement 34 of the Governmental Accounting Standards 
Board is reflected in the calculated statistics. 


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 is the 
estimated standard error expressed as a percent of the estimated total or proportion. 


Source: U.S. Census Bureau, Governments Division
Created: September 26, 2007
Last Revised: June 25, 2008