Table 1. National Summary of State and Local Public-Employee Retirement System Finances Fiscal Year 2008 Source: 2008 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 is from a sample of public employee retirement systems, and as such are subject to sampling variability. Additionally, the data are subject to coverage, response and processing errors as well as errors of nonresponse. For more information on the data limitations, definitions and methodology, see . Percent Item Amount CV Distribution CV ------------------------------------------------------------------------------------------------------------------ Total contributions 119,382,334 0.04% 100.00% 0.00% Employee contributions 36,939,427 0.03% 30.94% 0.04% Government contributions 82,442,907 0.05% 69.06% 0.05% State government contributions 36,440,344 0.04% 30.52% 0.05% Local government contributions 46,002,563 0.08% 38.53% 0.08% Earnings on investments(1) -38,908,308 0.17% 100.00% 0.22% Total payments 193,733,377 0.03% 100.00% 0.00% Benefits 175,329,514 0.03% 90.50% 0.04% Withdrawals 4,681,522 0.22% 2.42% 0.23% Other payments 13,722,341 0.05% 7.08% 0.05% Total cash and investment holdings 3,192,093,023 0.02% 100.00% 0.00% Cash and short-term investments 91,564,581 0.20% 2.87% 0.20% Total securities 2,682,899,542 0.02% 84.05% 0.02% Governmental securities 234,346,315 0.09% 7.34% 0.08% Federal government 232,752,999 0.08% 7.29% 0.08% United States Treasury 143,450,828 0.12% 4.49% 0.12% Federal agency 89,302,171 0.17% 2.80% 0.17% State and local government 1,593,315 2.59% 0.05% 2.58% Nongovernmental securities 2,448,553,227 0.02% 76.71% 0.03% Corporate bonds 514,904,030 0.03% 16.13% 0.04% Corporate stocks 1,152,217,386 0.03% 36.10% 0.04% Mortgages 10,226,877 0.01% 0.32% 0.02% Funds held in trust 69,439,610 0.47% 2.18% 0.47% Foreign and international 467,493,242 0.03% 14.65% 0.03% Other nongovernmental 234,272,082 0.12% 7.34% 0.11% Other investments 417,628,901 0.02% 13.08% 0.03% Real property 91,457,640 0.01% 2.87% 0.02% Miscellaneous investments 326,171,260 0.02% 10.22% 0.03% ---------------------------------------------------------------------------------------------------------------- (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: March 23, 2010 Data Last Revised: September 29, 2011