Table 1.  National Summary of State and Local
Public-Employee Retirement System Finances
Fiscal Year 2007
(Thousand dollars)
 
Source: 2007 Annual Survey of Public-Employee Retirement Systems.
Data users who create their own estimates using data from this report 
should cite the U.S. Census Bureau as the source of the original data only. 
The data in this table are based on information from public records and
contain no confidential data.  Although the data in this table come from a 
census of retirement systems and are not subject to sampling error, the census 
results do contain nonsampling error. Additional information on nonsampling 
error, and response rates may be found at
http://www2.census.gov/govs/retire/2007surveymeth.pdf.


                                                                     Percent
Item                                                Amount        Distribution          
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Total contributions                             108,381,580           100.00%
   Employee contributions                        34,796,276            32.11%
   Government contributions                      73,585,304            67.89%
      State government contributions             32,024,253            29.55%
      Local government contributions             41,561,051            38.35%
                                                                             
Earnings on investments(1)                      472,240,729           100.00%
                                                                             
Total payments                                  182,690,218           100.00%
   Benefits                                     162,177,263            88.77%
   Withdrawals                                    5,238,457             2.87%
   Other payments                                15,274,498             8.36%
                                                                             
Total cash and investment holdings            3,368,810,725           100.00%
   Cash and short-term investments              118,912,021             3.53%
   Total securities                           2,910,543,556            86.40%
      Governmental securities                   266,024,316             7.90%
         Federal government                     264,285,554             7.85%
            United States Treasury              158,960,144             4.72%
            Federal agency                      105,325,410             3.13%
         State and local government               1,738,762             0.05%
      Nongovernmental securities              2,644,519,240            78.50%
         Corporate bonds                        448,561,310            13.32%
         Corporate stocks                     1,257,623,084            37.33%
         Mortgages                               13,395,770             0.40%
         Funds held in trust                     77,236,942             2.29%
         Foreign and international              521,509,621            15.48%
         Other nongovernmental                  326,192,513             9.68%
   Other investments                            339,355,148            10.07%
      Real property                             100,306,344             2.98%
      Miscellaneous investments                 239,048,804             7.10%

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(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.

Data Created: September 11, 2009 
Data Last Revised: September 29, 2011