Table 4a(3) Cash and Investment Holdings of State and Local Government Employee-Retirement Systems by State and Level of Government: Fiscal Year 2005-2006 (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 410,049,766 1,122,035,510 13,297,064 91,171,541 435,491,096 233,970,951 State 331,805,349 921,437,659 12,456,345 85,312,372 364,074,587 196,564,174 Local 78,244,417 200,597,851 840,719 5,859,169 71,416,509 37,406,777 Alabama 7,790,865 13,426,468 0 2,088 3,682,762 140,946 State 7,390,970 12,331,066 0 0 3,550,499 10,561 Local 399,895 1,095,402 0 2,088 132,263 130,385 Alaska 1,925,487 5,461,364 123 0 2,474,274 41,638 State 1,836,473 5,319,783 54 0 2,407,912 993 Local 89,014 141,581 69 0 66,362 40,645 Arizona 6,076,899 19,923,539 0 0 262,308 3,961,461 State 5,918,733 18,691,836 0 0 0 3,897,704 Local 158,166 1,231,703 0 0 262,308 63,757 Arkansas 1,715,346 6,671,635 74,607 289,525 3,136,488 2,771,604 State 1,692,006 6,614,274 74,607 284,143 3,136,488 2,640,619 Local 23,340 57,361 0 5,382 0 130,985 California 78,524,801 216,200,659 5,954,195 2,176,231 120,904,843 17,953,319 State 50,981,706 166,485,824 5,767,216 1,649,809 91,108,502 12,025,580 Local 27,543,095 49,714,835 186,979 526,422 29,796,341 5,927,739 Colorado 6,687,097 18,079,792 100,821 86,877 8,457,224 639,041 State 5,843,851 16,141,100 8,695 0 7,477,704 222,512 Local 843,246 1,938,692 92,126 86,877 979,520 416,529 Connecticut 7,437,714 11,206,475 5,262 30,642 4,291,415 1,688,139 State 6,851,861 9,111,789 0 0 3,893,011 222,647 Local 585,853 2,094,686 5,262 30,642 398,404 1,465,492 Delaware 1,164,738 2,952,817 0 0 914,157 151,553 State 1,101,395 2,731,393 0 0 913,485 0 Local 63,343 221,424 0 0 672 151,553 District of Columbia 1,219,738 2,204,765 0 22,813 1,261,973 159,597 State 0 0 0 0 0 0 Local 1,219,738 2,204,765 0 22,813 1,261,973 159,597 Florida 15,248,419 69,167,739 0 817,862 22,988,176 1,122,626 State 13,286,709 61,151,529 0 8,886 22,226,237 6,059 Local 1,961,710 8,016,210 0 808,976 761,939 1,116,567 Georgia 4,297,582 38,818,355 0 149,406 952,223 1,048,366 State 3,576,920 36,524,241 0 107,123 430,194 760,724 Local 720,662 2,294,114 0 42,283 522,029 287,642 Hawaii 2,347,886 3,918,697 0 0 1,963,398 2,539,967 State 2,347,886 3,918,697 0 0 1,963,398 2,539,967 Local 0 0 0 0 0 0 Idaho 2,293,259 3,816,421 269,451 0 2,184,841 44,042 State 2,283,778 3,814,012 269,451 0 2,184,703 41,600 Local 9,481 2,409 0 0 138 2,442 Illinois 22,376,669 50,684,885 6,280 12,436,976 14,124,900 6,192,110 State 15,898,999 30,886,652 0 11,316,485 11,660,695 1,791,458 Local 6,477,670 19,798,233 6,280 1,120,491 2,464,205 4,400,652 Indiana 4,933,320 12,130,705 0 19,341 1,168,776 4,718,216 State 4,898,718 12,041,914 0 0 1,144,472 4,710,593 Local 34,602 88,791 0 19,341 24,304 7,623 Iowa 4,606,757 2,217,483 0 42,280 2,656,822 7,851,949 State 4,606,118 2,214,064 0 0 2,656,822 7,851,949 Local 639 3,419 0 42,280 0 0 Kansas 1,960,706 4,151,945 0 0 3,310,187 312,078 State 1,837,331 3,833,685 0 0 3,203,950 47,975 Local 123,375 318,260 0 0 106,237 264,103 Kentucky 5,850,302 17,470,905 859,225 4,024 10,112 96,555 State 5,748,963 17,297,941 859,225 0 0 0 Local 101,339 172,964 0 4,024 10,112 96,555 Louisiana 4,897,508 14,169,080 0 123,939 6,621,904 1,301,087 State 4,539,966 13,133,536 0 87,213 6,361,167 1,197,729 Local 357,542 1,035,544 0 36,726 260,737 103,358 Maine 397,273 2,435,625 0 3,554,426 0 2,661,542 State 397,273 2,435,625 0 3,554,426 0 2,661,542 Local 0 0 0 0 0 0 Maryland 4,900,284 9,670,262 0 52,440 4,499,415 19,777,850 State 3,504,151 4,610,840 0 0 3,452,149 18,542,719 Local 1,396,133 5,059,422 0 52,440 1,047,266 1,235,131 Massachusetts 2,457,843 7,519,532 0 18,098,821 2,717,229 22,659,019 State 331,347 843,625 0 17,678,520 318,825 21,644,838 Local 2,126,496 6,675,907 0 420,301 2,398,404 1,014,181 Michigan 12,253,942 35,679,281 223,369 307,019 8,559,007 11,628,801 State 9,536,080 26,720,928 0 0 7,129,185 9,456,994 Local 2,717,862 8,958,353 223,369 307,019 1,429,822 2,171,807 Minnesota 4,109,941 9,204,426 154 18,886,044 2,922,193 2,064,010 State 3,414,893 7,309,791 0 18,830,183 2,273,865 1,589,356 Local 695,048 1,894,635 154 55,861 648,328 474,654 Mississippi 7,065,087 9,598,185 0 0 3,985,734 0 State 7,065,087 9,598,185 0 0 3,985,734 0 Local 0 0 0 0 0 0 Missouri 11,582,023 18,126,208 155,738 56,456 9,641,394 3,822,539 State 10,824,017 14,463,221 0 4,637 9,000,114 3,375,533 Local 758,006 3,662,987 155,738 51,819 641,280 447,006 Montana 717,610 3,150,652 79,809 154,896 488,598 27,322 State 717,610 3,150,652 79,809 154,896 488,598 27,322 Local 0 0 0 0 0 0 Nebraska 1,187,859 1,279,173 0 366,096 253,310 5,613,966 State 794,769 0 0 366,096 0 5,478,795 Local 393,090 1,279,173 0 0 253,310 135,171 Nevada 5,273,217 9,318,218 12 0 3,744,879 1,691,104 State 5,273,217 9,318,218 12 0 3,744,879 1,691,104 Local 0 0 0 0 0 0 New Hampshire 821,559 2,267,060 0 0 758,790 1,854 State 796,166 2,206,743 0 0 757,996 0 Local 25,393 60,317 0 0 794 1,854 New Jersey 18,513,619 22,660,744 56,205 6,502 11,953,095 2,001,655 State 18,496,838 22,600,246 56,205 6,502 11,953,095 1,989,717 Local 16,781 60,498 0 0 0 11,938 New Mexico 3,270,521 8,473,855 0 0 4,747,809 345,041 State 3,270,521 8,473,855 0 0 4,747,809 345,041 Local 0 0 0 0 0 0 New York 37,087,599 181,024,878 4,934,648 151,215 46,021,646 8,071,400 State 15,842,766 125,289,118 4,934,648 0 25,774,429 301,199 Local 21,244,833 55,735,760 0 151,215 20,247,217 7,770,201 North Carolina 14,778,000 34,049,309 0 23,754 6,148,895 55,776 State 14,733,367 33,853,282 0 0 6,138,937 0 Local 44,633 196,027 0 23,754 9,958 55,776 North Dakota 850,957 1,026,446 0 87,363 589,478 401,419 State 799,860 1,004,467 0 0 589,478 367,822 Local 51,097 21,979 0 87,363 0 33,597 Ohio 28,852,811 62,865,818 0 0 30,705,299 3,188,952 State 28,182,160 61,285,413 0 0 30,705,299 3,188,952 Local 670,651 1,580,405 0 0 0 0 Oklahoma 2,743,698 7,405,812 0 1,570,996 3,478,998 1,156,649 State 2,639,952 6,975,257 0 1,570,996 3,341,506 1,013,321 Local 103,746 430,555 0 0 137,492 143,328 Oregon 5,229,464 10,276,571 600 6,131 11,734,524 12,649,847 State 5,229,464 10,276,571 600 0 11,734,524 12,640,218 Local 0 0 0 6,131 0 9,629 Pennsylvania 8,327,573 34,588,200 69,841 778,470 20,499,952 6,474,117 State 6,787,691 27,426,940 37,504 0 20,190,493 4,344,513 Local 1,539,882 7,161,260 32,337 778,470 309,459 2,129,604 Rhode Island 695,528 1,545,910 0 2,124,700 1,754,591 1,516,273 State 607,368 1,191,377 0 1,950,396 1,716,498 1,400,371 Local 88,160 354,533 0 174,304 38,093 115,902 South Carolina 9,816,983 6,240,057 0 7,317,383 0 4,376,156 State 9,810,157 6,211,706 0 7,317,383 0 4,372,088 Local 6,826 28,351 0 0 0 4,068 South Dakota 601,006 2,956,693 0 0 1,438,438 107,485 State 573,046 2,847,345 0 0 1,435,526 1,573 Local 27,960 109,348 0 0 2,912 105,912 Tennessee 3,674,761 12,080,952 138,405 20,877 5,702,547 404,033 State 2,907,166 8,298,725 0 0 5,227,639 0 Local 767,595 3,782,227 138,405 20,877 474,908 404,033 Texas 19,984,191 70,791,781 0 958,807 25,905,943 1,763,232 State 17,758,866 63,332,785 0 0 22,308,574 0 Local 2,225,325 7,458,996 0 958,807 3,597,369 1,763,232 Utah 710,854 6,384,323 6,864 0 4,541,485 0 State 710,854 6,384,323 6,864 0 4,541,485 0 Local 0 0 0 0 0 0 Vermont 719,204 1,212,776 0 474 434,449 30,000 State 701,562 1,152,130 0 474 417,051 30,000 Local 17,642 60,646 0 0 17,398 0 Virginia 8,812,784 19,180,348 0 15,487 1,651,121 18,170,497 State 7,334,904 15,991,052 0 0 0 16,275,387 Local 1,477,880 3,189,296 0 15,487 1,651,121 1,895,110 Washington 8,409,638 1,156,132 5,630 16,728,177 8,955,084 7,156,697 State 8,106,654 16,869 5,630 16,728,177 8,637,371 6,826,327 Local 302,984 1,139,263 0 0 317,713 330,370 West Virginia 20,022 68,066 0 3,703,003 0 18,474 State 0 0 0 3,696,027 0 0 Local 20,022 68,066 0 6,976 0 18,474 Wisconsin 3,939,313 13,646,430 355,825 0 10,290,410 43,400,940 State 3,125,651 12,446,976 355,825 0 9,144,289 41,030,765 Local 813,662 1,199,454 0 0 1,146,121 2,370,175 Wyoming 889,509 3,478,058 0 0 0 7 State 889,509 3,478,058 0 0 0 7 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 26, 2007 Last Revised: May 16, 2008