Table 4(3). Cash and Investment Holdings of State and Local Public-Employee Retirement System by State and Level of Government 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. Securities --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Governmental Nongovernmental -------------------------------------------------- --------------------------------------------------------------------------------------------------------- State and Funds Foreign and Other State and level Total United States local Corporate Corporate held in international nongovernmental of government securities Treasury Federal agency government bonds stocks Mortgages trust securities securities ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- United States 2,910,543,556 158,960,144 105,325,410 1,738,762 448,561,310 1,257,623,084 13,395,770 77,236,942 521,509,621 326,192,513 State 2,431,581,706 134,835,661 90,621,742 1,453,767 364,378,880 1,033,710,822 12,715,529 68,544,899 443,007,121 282,313,285 Local 478,961,850 24,124,483 14,703,668 284,995 84,182,430 223,912,262 680,241 8,692,043 78,502,500 43,879,228 Alabama 31,021,192 104,498 394,757 0 8,133,169 16,566,245 0 0 5,604,788 217,735 State 28,827,229 1,886 86,320 0 7,763,581 15,505,757 0 0 5,410,900 58,785 Local 2,193,963 102,612 308,437 0 369,588 1,060,488 0 0 193,888 158,950 Alaska 11,361,188 239,867 1,169,302 0 2,088,028 5,199,470 48 0 1,923,573 740,900 State 10,995,293 230,879 1,168,718 0 2,004,616 5,039,447 0 0 1,853,069 698,564 Local 365,895 8,988 584 0 83,412 160,023 48 0 70,504 42,336 Arizona 34,949,500 402,520 430,439 330,261 7,012,120 21,956,030 0 105,271 4,646,348 66,511 State 32,586,957 220,133 252,272 330,261 6,846,246 20,771,161 0 0 4,166,884 0 Local 2,362,543 182,387 178,167 0 165,874 1,184,869 0 105,271 479,464 66,511 Arkansas 18,432,421 308,527 265,899 13,911 3,726,936 9,905,236 19,596 341,879 3,774,476 75,961 State 18,141,034 240,123 261,032 13,905 3,706,218 9,805,955 19,596 321,369 3,772,836 0 Local 291,387 68,404 4,867 6 20,718 99,281 0 20,510 1,640 75,961 California 549,647,838 25,716,235 14,175,841 26,262 85,196,247 256,388,583 4,503,455 1,126,670 142,751,890 19,762,655 State 410,022,812 20,258,492 11,192,102 0 52,929,179 198,609,178 4,471,853 - 107,310,638 15,251,370 Local 139,625,026 5,457,743 2,983,739 26,262 32,267,068 57,779,405 31,602 1,126,670 35,441,252 4,511,285 Colorado 39,667,090 2,091,864 514,490 45,740 8,031,695 20,001,824 118,935 54,503 7,914,754 893,285 State 34,492,169 1,915,358 226,315 45,370 7,133,083 17,906,059 8,486 0 6,887,855 369,643 Local 5,174,921 176,506 288,175 370 898,612 2,095,765 110,449 54,503 1,026,899 523,642 Connecticut 34,317,783 331,853 340,057 2,460 9,377,375 13,624,205 4,298 37,113 5,349,344 5,251,078 State 28,895,669 0 0 0 8,748,947 11,621,730 0 0 4,922,964 3,602,028 Local 5,422,114 331,853 340,057 2,460 628,428 2,002,475 4,298 37,113 426,380 1,649,050 Delaware 6,476,659 20,361 42,860 27,131 737,582 4,396,303 0 0 1,114,907 137,515 State 5,905,622 0 0 0 663,591 4,127,766 0 0 1,114,265 0 Local 571,037 20,361 42,860 27,131 73,991 268,537 0 0 642 137,515 District of Columbia 6,120,177 813,244 247,034 0 1,254,663 2,406,356 0 0 1,259,815 139,065 State NA NA NA NA NA NA NA NA NA NA Local 6,120,177 813,244 247,034 0 1,254,663 2,406,356 0 0 1,259,815 139,065 Florida 127,812,799 4,469,284 647,619 26,162 23,402,485 66,774,312 59,091 393,367 17,665,483 14,374,996 State 112,536,386 2,929,252 5,068 527 21,565,290 58,367,744 0 8,103 16,682,928 12,977,474 Local 15,276,413 1,540,032 642,551 25,635 1,837,195 8,406,568 59,091 385,264 982,555 1,397,522 Georgia 71,554,215 14,881,256 6,255,405 0 3,828,633 44,887,939 0 32,992 276,269 1,391,721 State 66,264,004 14,102,685 6,158,087 0 2,920,700 41,836,902 0 0 231,316 1,014,314 Local 5,290,211 778,571 97,318 0 907,933 3,051,037 0 32,992 44,953 377,407 Hawaii 11,312,513 0 4,648 0 2,724,554 4,747,508 0 0 2,378,660 1,457,143 State 11,312,513 0 4,648 0 2,724,554 4,747,508 0 0 2,378,660 1,457,143 Local NA NA NA NA NA NA NA NA NA NA Idaho 10,005,673 2,633 130 735 2,430,395 4,600,700 275,114 3,274 2,647,850 44,842 State 9,988,652 0 0 0 2,422,467 4,598,379 275,114 0 2,647,850 44,842 Local 17,021 2,633 130 735 7,928 2,321 0 3,274 0 0 Illinois 122,447,313 6,393,336 2,291,431 78,104 25,863,889 59,501,138 7,022 2,543,436 21,161,955 4,607,002 State 82,599,187 2,247,480 315,877 301 21,372,612 40,679,877 0 1,238,464 15,554,961 1,189,615 Local 39,848,126 4,145,856 1,975,554 77,803 4,491,277 18,821,261 7,022 1,304,972 5,606,994 3,417,387 Indiana 28,756,059 4,093,946 503,465 3,298 3,232,414 11,494,080 0 24,166 1,312,840 8,091,850 State 28,501,910 4,073,464 473,608 500 3,207,971 11,395,530 0 0 1,283,963 8,066,874 Local 254,149 20,482 29,857 2,798 24,443 98,550 0 24,166 28,877 24,976 Iowa 21,209,603 852,858 159,222 0 6,792,540 2,036,345 0 42,053 3,189,213 8,137,372 State 21,163,449 852,858 158,798 0 6,792,398 2,032,942 0 0 3,189,081 8,137,372 Local 46,154 0 424 0 142 3,403 0 42,053 132 0 Kansas 15,903,057 1,397,274 97,142 0 2,829,333 4,931,246 0 0 3,909,173 2,738,889 State 14,987,420 1,392,398 92,386 0 2,704,945 4,579,215 0 0 3,702,498 2,515,978 Local 915,637 4,876 4,756 0 124,388 352,031 0 0 206,675 222,911 Kentucky 31,698,363 1,119,917 1,463,854 252,337 5,273,022 19,469,693 1,480,318 1,762 58,793 2,578,667 State 31,220,805 1,072,697 1,454,145 252,337 5,210,806 19,215,803 1,480,318 0 0 2,534,699 Local 477,558 47,220 9,709 0 62,216 253,890 0 1,762 58,793 43,968 Louisiana 32,553,060 575,398 271,167 3,487 4,771,519 14,487,440 20,284 1,118,881 7,885,632 3,419,252 State 30,343,572 410,208 134,393 2,002 4,406,081 13,482,828 0 1,038,468 7,611,876 3,257,716 Local 2,209,488 165,190 136,774 1,485 365,438 1,004,612 20,284 80,413 273,756 161,536 Maine 13,701,017 672,492 2,558,288 0 466,824 2,921,409 0 4,049,825 14,521 3,017,658 State 13,701,017 672,492 2,558,288 0 466,824 2,921,409 0 4,049,825 14,521 3,017,658 Local NA NA NA NA NA NA NA NA NA NA Maryland 48,514,832 1,765,473 1,225,441 7,230 5,665,530 10,838,596 0 101,748 5,741,643 23,169,171 State 37,268,558 1,038,156 264,226 6,056 4,599,169 5,803,001 0 0 4,210,695 21,347,255 Local 11,246,274 727,317 961,215 1,174 1,066,361 5,035,595 0 101,748 1,530,948 1,821,916 Massachusetts 64,528,373 564,356 83,128 23,946 2,371,627 7,221,991 0 24,987,634 2,621,089 26,654,602 State 51,233,392 68,897 54,601 0 410,269 1,123,945 0 24,439,302 474,995 24,661,383 Local 13,294,981 495,459 28,527 23,946 1,961,358 6,098,046 0 548,332 2,146,094 1,993,219 Michigan 84,377,613 1,167,739 841,237 8,416 15,046,866 40,429,429 320,399 472,304 9,774,182 16,317,041 State 64,422,637 0 0 0 11,952,662 30,572,439 0 0 8,025,572 13,871,964 Local 19,954,976 1,167,739 841,237 8,416 3,094,204 9,856,990 320,399 472,304 1,748,610 2,445,077 Minnesota 39,969,596 149,723 10,340 6,378 4,525,818 9,471,402 140 21,645,048 3,520,304 640,443 State 36,541,497 0 0 0 3,704,726 8,275,515 0 21,624,611 2,708,265 228,380 Local 3,428,099 149,723 10,340 6,378 821,092 1,195,887 140 20,437 812,039 412,063 Mississippi 26,514,265 1,268,200 424,085 43,632 8,582,268 11,157,521 0 0 5,038,559 0 State 26,514,265 1,268,200 424,085 43,632 8,582,268 11,157,521 0 0 5,038,559 0 Local NA NA NA NA NA NA NA NA NA NA Missouri 51,048,081 3,265,840 1,527,686 12,804 11,310,862 19,905,047 21,953 351,083 12,411,137 2,241,669 State 44,492,062 2,547,365 1,253,965 0 10,682,968 17,084,132 0 6,476 11,510,294 1,406,862 Local 6,556,019 718,475 273,721 12,804 627,894 2,820,915 21,953 344,607 900,843 834,807 Montana 5,173,832 0 0 0 766,017 3,463,964 68,261 241,011 634,579 0 State 5,173,832 0 0 0 766,017 3,463,964 68,261 241,011 634,579 0 Local NA NA NA NA NA NA NA NA NA NA Nebraska 10,620,621 239,643 149,119 3,147 903,941 2,411,085 779,078 5,153,477 482,709 498,422 State 8,118,150 38,780 97,086 3,147 483,062 1,096,045 779,078 5,151,500 46,323 423,129 Local 2,502,471 200,863 52,033 0 420,879 1,315,040 0 1,977 436,386 75,293 Nevada 20,995,448 979,196 2,208,564 0 1,651,161 10,478,510 11 102,983 4,856,591 718,432 State 20,995,448 979,196 2,208,564 0 1,651,161 10,478,510 11 102,983 4,856,591 718,432 Local NA NA NA NA NA NA NA NA NA NA New Hampshire 5,955,493 4,314 0 0 1,391,640 2,613,676 0 0 1,142,357 803,506 State 5,817,997 0 0 0 1,365,010 2,517,964 0 0 1,142,357 792,666 Local 137,496 4,314 0 0 26,630 95,712 0 0 0 10,840 New Jersey 72,153,642 59,101 4,847 0 21,735,390 24,452,005 415,922 27,345 15,033,299 10,425,733 State 72,042,873 49,291 3,878 0 21,721,872 24,386,248 415,922 27,345 15,033,299 10,405,018 Local 110,769 9,810 969 0 13,518 65,757 0 0 0 20,715 New Mexico 21,322,640 773,651 758,537 9 4,168,602 9,660,329 0 0 5,610,210 351,302 State 21,322,640 773,651 758,537 9 4,168,602 9,660,329 0 0 5,610,210 351,302 Local NA NA NA NA NA NA NA NA NA NA New York 353,434,347 30,858,704 3,860,842 0 41,744,831 200,955,889 4,958,683 520,691 43,946,139 26,588,568 State 225,866,657 28,429,496 174,908 0 17,929,546 132,302,256 4,878,257 0 28,764,394 13,387,800 Local 127,567,690 2,429,208 3,685,934 0 23,815,285 68,653,633 80,426 520,691 15,181,745 13,200,768 North Carolina 68,788,535 7,805 10,137,343 13,369 14,884,765 30,334,991 0 27,563 12,985,038 397,661 State 68,404,718 2,887 10,125,140 0 14,871,865 30,131,319 0 0 12,913,846 359,661 Local 383,817 4,918 12,203 13,369 12,900 203,672 0 27,563 71,192 38,000 North Dakota 3,524,611 49,373 3,809 3,344 755,314 1,176,533 0 79,526 773,553 683,159 State 3,308,379 40,476 2,966 3,344 728,073 1,118,504 0 0 767,408 647,608 Local 216,232 8,897 843 0 27,241 58,029 0 79,526 6,145 35,551 Ohio 143,096,437 6,641,076 5,496,994 0 24,646,046 68,054,488 0 0 36,482,955 1,774,878 State 140,675,546 6,523,518 5,144,321 0 24,546,046 66,675,891 0 0 36,028,892 1,756,878 Local 2,420,891 117,558 352,673 0 100,000 1,378,597 0 0 454,063 18,000 Oklahoma 23,763,741 2,976,181 26,507 11,058 3,366,910 8,433,075 0 2,018,516 3,902,396 3,029,098 State 22,735,814 2,861,750 10,246 11,058 3,236,204 7,953,194 0 2,018,516 3,731,582 2,913,264 Local 1,027,927 114,431 16,261 0 130,706 479,881 0 0 170,814 115,834 Oregon 50,639,953 574,186 5,288,048 0 5,899,358 10,799,708 915 0 14,431,592 13,646,146 State 50,639,953 574,186 5,288,048 0 5,899,358 10,799,708 915 0 14,431,592 13,646,146 Local 0 0 0 0 0 0 0 0 0 0 Pennsylvania 95,095,509 5,653,062 6,803,052 31,848 9,593,303 37,639,151 15,159 729,987 28,271,429 6,358,518 State 80,437,462 4,503,570 6,219,935 0 8,185,276 29,675,423 10,777 0 27,834,812 4,007,669 Local 14,658,047 1,149,492 583,117 31,848 1,408,027 7,963,728 4,382 729,987 436,617 2,350,849 Rhode Island 9,669,589 581,162 495,088 0 761,957 4,000,410 0 27,697 1,759,121 2,044,154 State 8,736,992 560,691 495,087 0 576,196 3,508,947 0 0 1,706,618 1,889,453 Local 932,597 20,471 1 0 185,761 491,463 0 27,697 52,503 154,701 South Carolina 27,193,705 553,863 2,918,338 0 4,194,290 6,166,024 0 8,276,926 0 5,084,264 State 27,145,681 551,242 2,913,356 0 4,185,454 6,136,523 0 8,276,926 0 5,082,180 Local 48,024 2,621 4,982 0 8,836 29,501 0 0 0 2,084 South Dakota 6,624,145 641,896 61,884 0 558,536 3,695,221 0 24,032 1,595,182 47,394 State 6,306,439 608,523 61,884 0 516,113 3,520,462 0 0 1,595,182 4,275 Local 317,706 33,373 0 0 42,423 174,759 0 24,032 0 43,119 Tennessee 36,940,118 329,631 8,631,128 2,229 6,000,481 14,955,041 15,060 28,571 6,520,097 457,880 State 29,931,146 0 8,343,224 0 5,032,377 10,703,839 0 0 5,851,706 0 Local 7,008,972 329,631 287,904 2,229 968,104 4,251,202 15,060 28,571 668,391 457,880 Texas 202,873,728 16,685,518 18,751,857 735,329 23,059,130 76,317,115 0 844,377 33,702,813 32,777,589 State 182,931,614 14,948,941 18,604,461 734,485 20,370,122 68,560,785 0 0 29,245,410 30,467,410 Local 19,942,114 1,736,577 147,396 844 2,689,008 7,756,330 0 844,377 4,457,403 2,310,179 Utah 16,810,583 774,991 2,696,524 0 704,684 6,413,229 6,848 0 4,341,605 1,872,702 State 16,810,583 774,991 2,696,524 0 704,684 6,413,229 6,848 0 4,341,605 1,872,702 Local NA NA NA NA NA NA NA NA NA NA Vermont 3,098,507 563,284 0 2,839 519,009 1,549,910 0 0 115,522 347,943 State 2,983,150 552,508 0 2,839 501,869 1,488,150 0 0 92,203 345,581 Local 115,357 10,776 0 0 17,140 61,760 0 0 23,319 2,362 Virginia 56,064,261 4,578,355 150,920 5,003 12,969,632 16,278,959 5,087 1,673,911 1,407,777 18,994,617 State 44,454,607 4,279,887 0 0 10,937,072 11,916,499 0 0 0 17,321,149 Local 11,609,654 298,468 150,920 5,003 2,032,560 4,362,460 5,087 1,673,911 1,407,777 1,673,468 Washington 45,073,654 5,845,917 11,698 3,639 8,783,940 15,270,480 0 0 14,742,196 415,784 State 42,500,187 5,572,172 10,903 0 8,532,493 14,043,523 0 0 14,309,330 31,766 Local 2,573,467 273,745 795 3,639 251,447 1,226,957 0 0 432,866 384,018 West Virginia 7,731,542 2,920,522 206 10,660 18,811 3,060,762 0 27,320 1,688,255 5,006 State 7,535,447 2,866,467 0 0 0 2,980,725 0 0 1,688,255 0 Local 196,095 54,055 206 10,660 18,811 80,037 0 27,320 0 5,006 Wisconsin 83,580,873 3,709,066 1,398 3,994 4,078,708 10,185,735 300,093 0 13,137,008 52,164,871 State 77,330,518 3,509,462 0 3,994 3,219,777 8,980,296 300,093 0 11,675,482 49,641,414 Local 6,250,355 199,604 1,398 0 858,931 1,205,439 0 0 1,461,526 2,523,457 Wyoming 6,417,762 290,953 923,740 0 728,460 3,936,746 0 0 0 537,863 State 6,417,762 290,953 923,740 0 728,460 3,936,746 0 0 0 537,863 Local NA NA NA NA NA NA NA NA NA NA ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Data Created: September 11, 2009 Data Last Revised: September 29, 2011