Table 4a(3). Cash and Investment Holdings of State and Local Public-Employee Retirement System by State and Level of Government Fiscal Year 2008 (Thousand Dollars) 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 . 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 2,682,899,542 143,450,828 89,302,171 1,593,315 514,904,030 1,152,217,386 10,226,877 69,439,610 467,493,242 234,272,082 State 2,237,097,553 119,174,614 77,127,493 1,252,581 431,406,612 951,034,623 9,476,389 58,585,393 396,971,226 192,068,622 Local 445,801,989 24,276,214 12,174,678 340,734 83,497,418 201,182,763 750,488 10,854,217 70,522,016 42,203,460 Alabama 28,138,549 1,025,421 151,925 0 6,980,614 13,293,476 0 0 3,798,252 2,888,861 State 25,929,697 739,899 61,729 0 6,570,137 12,257,312 0 0 3,617,733 2,682,887 Local 2,208,852 285,522 90,196 0 410,477 1,036,164 0 0 180,519 205,974 Alaska 11,599,220 97,144 1,710,106 621 2,068,838 5,009,296 0 0 2,035,876 677,339 State 11,173,997 63,838 1,709,478 621 2,017,646 4,801,564 0 0 1,978,810 602,040 Local 425,223 33,306 628 0 51,192 207,732 0 0 57,066 75,299 Arizona 34,191,335 381,176 170,632 0 7,946,155 21,515,867 0 0 558,824 3,618,681 State 32,041,444 221,493 165,839 0 7,561,777 20,533,067 0 0 0 3,559,268 Local 2,149,891 159,683 4,793 0 384,378 982,800 0 0 558,824 59,413 Arkansas 16,717,895 462,287 478,837 9,164 3,672,599 6,773,044 26,595 265,515 4,975,430 54,424 State 16,457,561 403,873 473,605 9,164 3,649,852 6,668,829 26,595 250,213 4,975,430 0 Local 260,334 58,414 5,232 0 22,747 104,215 0 15,302 0 54,424 California 508,564,602 14,837,885 11,179,429 54,940 112,235,574 208,923,784 2,997,798 1,178,506 133,247,040 23,909,646 State 378,168,100 10,916,720 8,345,300 12,720 77,551,560 157,966,112 2,973,368 0 100,298,892 20,103,428 Local 130,396,502 3,921,165 2,834,129 42,220 34,684,014 50,957,672 24,430 1,178,506 32,948,148 3,806,218 Colorado 42,965,976 2,545,427 964,827 43,177 8,590,753 21,494,665 264,657 121,412 8,161,905 779,153 State 37,457,691 2,336,915 719,665 43,177 7,595,393 19,182,364 8,314 0 7,131,637 440,226 Local 5,508,285 208,512 245,162 0 995,360 2,312,301 256,343 121,412 1,030,268 338,927 Connecticut 31,509,912 379,764 162,883 11,643 8,681,279 12,549,885 4,767 53,254 4,884,642 4,781,795 State 26,431,774 0 0 0 8,043,675 10,699,345 0 0 4,542,271 3,146,483 Local 5,078,138 379,764 162,883 11,643 637,604 1,850,540 4,767 53,254 342,371 1,635,312 Delaware 5,669,944 32,785 11,358 28,463 701,181 3,486,464 0 0 1,264,879 144,814 State 5,140,112 0 0 0 612,325 3,263,551 0 0 1,264,236 0 Local 529,832 32,785 11,358 28,463 88,856 222,913 0 0 643 144,814 District of Columbia 6,905,239 192,193 3,121 138 1,141,935 3,219,828 0 1,692,250 588,163 67,611 State NA NA NA NA NA NA NA NA NA NA Local 6,905,239 192,193 3,121 138 1,141,935 3,219,828 0 1,692,250 588,163 67,611 Florida 132,297,442 4,615,058 12,598,363 153 30,361,466 52,220,835 24,545 108,577 24,003,082 8,365,362 State 115,547,151 3,336,800 12,128,212 153 27,723,982 42,850,732 0 3,067 22,899,402 6,604,803 Local 16,750,291 1,278,258 470,151 0 2,637,484 9,370,103 24,545 105,510 1,103,680 1,760,559 Georgia 70,241,994 18,156,288 2,542,451 1,727 6,799,434 40,697,180 0 248,022 200,940 1,595,951 State 65,065,222 17,532,324 2,283,748 0 5,741,781 38,151,398 0 248,022 95,183 1,012,766 Local 5,176,772 623,964 258,703 1,727 1,057,653 2,545,782 0 0 105,757 583,185 Hawaii 9,414,439 379,139 0 0 2,005,752 3,016,835 2,238 0 2,747,653 1,262,822 State 9,414,439 379,139 0 0 2,005,752 3,016,835 2,238 0 2,747,653 1,262,822 Local NA NA NA NA NA NA NA NA NA NA Idaho 8,962,390 909 122 690 2,851,692 3,373,670 321,944 4,472 2,369,881 39,010 State 8,945,357 0 0 0 2,843,701 3,370,821 321,944 0 2,369,881 39,010 Local 17,033 909 122 690 7,991 2,849 0 4,472 0 0 Illinois 112,536,274 5,043,108 2,297,168 131,643 24,828,646 50,102,021 0 1,761,060 21,577,086 6,795,542 State 74,182,488 1,890,034 438,118 28,296 20,064,786 32,259,238 0 1,260,065 16,707,732 1,534,219 Local 38,353,786 3,153,074 1,859,050 103,347 4,763,860 17,842,783 0 500,995 4,869,354 5,261,323 Indiana 21,349,391 850,129 266,976 652 5,414,882 10,163,795 0 9,136 1,279,241 3,364,580 State 21,158,170 839,031 264,726 652 5,380,719 10,070,500 0 0 1,252,027 3,350,515 Local 191,221 11,098 2,250 0 34,163 93,295 0 9,136 27,214 14,065 Iowa 19,075,885 384,592 308,290 466 6,772,126 1,787,420 0 0 2,734,256 7,088,735 State 19,031,756 376,877 308,032 466 6,767,357 1,770,214 0 0 2,734,256 7,074,554 Local 44,129 7,715 258 0 4,769 17,206 0 0 0 14,181 Kansas 12,624,098 1,472,775 89,642 0 3,256,305 4,284,496 0 4,240 3,376,418 140,222 State 11,649,375 1,448,517 82,104 0 3,043,628 3,909,806 0 0 3,165,320 0 Local 974,723 24,258 7,538 0 212,677 374,690 0 4,240 211,098 140,222 Kentucky 29,750,347 954,537 1,149,322 329,621 5,409,022 17,926,379 805,092 8,390 1,376,927 1,791,056 State 29,315,963 924,161 1,148,415 329,621 5,354,232 17,715,725 805,092 0 1,328,489 1,710,228 Local 434,384 30,376 907 0 54,790 210,654 0 8,390 48,438 80,828 Louisiana 29,183,788 231,732 397,146 13,633 5,182,002 12,056,352 32,215 524,908 7,295,057 3,450,744 State 26,931,525 136,737 312,624 13,633 4,741,953 10,957,613 0 478,409 7,002,198 3,288,358 Local 2,252,263 94,995 84,522 0 440,049 1,098,739 32,215 46,499 292,859 162,386 Maine 10,005,525 3,381,756 55,017 2,393 755,500 1,433,876 359 0 589,429 3,787,195 State 10,005,525 3,381,756 55,017 2,393 755,500 1,433,876 359 0 589,429 3,787,195 Local NA NA NA NA NA NA NA NA NA NA Maryland 43,365,028 1,769,271 449,300 75,860 4,956,801 9,407,552 0 103,747 5,314,563 21,287,934 State 33,001,202 994,075 85,941 14,874 3,238,676 4,665,424 0 0 4,258,655 19,743,557 Local 10,363,826 775,196 363,359 60,986 1,718,125 4,742,128 0 103,747 1,055,908 1,544,377 Massachusetts 63,503,000 394,312 33,301 1,566 2,209,425 6,335,209 0 23,039,604 2,331,361 29,158,221 State 50,099,315 60,744 30,326 0 429,154 838,641 0 22,419,419 489,383 25,831,648 Local 13,403,685 333,568 2,975 1,566 1,780,271 5,496,568 0 620,185 1,841,978 3,326,573 Michigan 81,659,908 681,836 771,642 44,410 13,953,443 39,766,961 1,873 1,050,857 5,353,084 20,035,801 State 62,244,756 0 0 0 10,450,870 30,401,869 0 0 4,619,786 16,772,231 Local 19,415,152 681,836 771,642 44,410 3,502,573 9,365,092 1,873 1,050,857 733,298 3,263,570 Minnesota 39,397,181 120,371 18,995 1,723 4,516,758 8,190,974 1,056 20,057,063 3,003,982 3,486,259 State 36,455,621 0 0 0 3,701,033 7,162,409 0 19,839,520 2,408,365 3,344,294 Local 2,941,560 120,371 18,995 1,723 815,725 1,028,565 1,056 217,543 595,617 141,965 Mississippi 23,778,365 920,370 612,156 40,363 8,440,326 9,144,227 0 0 4,620,923 0 State 23,778,365 920,370 612,156 40,363 8,440,326 9,144,227 0 0 4,620,923 0 Local NA NA NA NA NA NA NA NA NA NA Missouri 41,196,206 8,130,753 422,286 19,200 4,201,866 15,568,610 34,121 591,443 9,640,389 2,587,537 State 34,780,535 7,737,646 186,605 8,525 3,445,390 12,488,705 734 187,977 8,570,506 2,154,447 Local 6,415,671 393,107 235,681 10,675 756,476 3,079,905 33,387 403,466 1,069,883 433,090 Montana 4,478,552 32,222 25,835 0 702,262 3,085,842 58,958 0 561,648 11,785 State 4,478,552 32,222 25,835 0 702,262 3,085,842 58,958 0 561,648 11,785 Local NA NA NA NA NA NA NA NA NA NA Nebraska 9,758,772 235,865 57,702 3,602 758,205 2,142,851 710,694 4,729,850 401,861 718,142 State 7,270,289 25,238 56,919 2,544 420,528 947,559 710,694 4,725,992 42,021 338,794 Local 2,488,483 210,627 783 1,058 337,677 1,195,292 0 3,858 359,840 379,348 Nevada 19,937,076 995,299 2,654,404 0 1,591,537 8,439,266 9 51,876 5,049,375 1,155,310 State 19,937,076 995,299 2,654,404 0 1,591,537 8,439,266 9 51,876 5,049,375 1,155,310 Local NA NA NA NA NA NA NA NA NA NA New Hampshire 5,402,416 0 0 0 1,517,229 2,283,663 0 0 1,095,916 505,608 State 5,257,577 0 0 0 1,480,212 2,175,841 0 0 1,095,916 505,608 Local 144,839 0 0 0 37,017 107,822 0 0 0 0 New Jersey 65,064,847 36,482 41,485 0 21,055,388 19,752,596 46,130 0 17,325,029 6,807,737 State 64,963,069 25,191 40,589 0 21,041,974 19,697,088 46,130 0 17,325,029 6,787,068 Local 101,778 11,291 896 0 13,414 55,508 0 0 0 20,669 New Mexico 19,753,687 301,131 2,167,649 0 2,093,469 7,800,648 0 727,717 5,249,805 1,413,268 State 19,753,687 301,131 2,167,649 0 2,093,469 7,800,648 0 727,717 5,249,805 1,413,268 Local NA NA NA NA NA NA NA NA NA NA New York 318,797,701 38,671,575 3,708,013 0 38,920,126 172,262,714 4,724,520 2,093,700 51,319,712 7,097,341 State 210,930,200 30,831,002 203,030 0 21,748,831 115,488,093 4,381,116 0 38,129,223 148,905 Local 107,867,501 7,840,573 3,504,983 0 17,171,295 56,774,621 343,404 2,093,700 13,190,489 6,948,436 North Carolina 70,011,985 0 10,121,423 0 16,484,915 43,104,051 0 103,125 0 198,471 State 69,616,147 0 10,088,983 0 16,484,915 42,939,124 0 103,125 0 0 Local 395,838 0 32,440 0 0 164,927 0 0 0 198,471 North Dakota 2,958,330 31,729 2,368 835 657,864 1,068,539 0 109,018 689,870 398,107 State 2,722,051 19,288 857 835 620,573 1,023,318 0 0 689,870 367,310 Local 236,279 12,441 1,511 0 37,291 45,221 0 109,018 0 30,797 Ohio 135,111,189 5,257,573 4,756,940 1,009 25,964,367 61,677,120 0 49,023 35,818,917 1,586,240 State 132,707,266 4,974,721 4,755,295 0 25,668,539 59,854,531 0 49,023 35,818,917 1,586,240 Local 2,403,923 282,852 1,645 1,009 295,828 1,822,589 0 0 0 0 Oklahoma 21,366,963 2,670,300 125,485 10,059 3,579,795 10,511,591 0 0 2,467,745 2,001,988 State 20,311,976 2,611,751 122,962 10,059 3,322,679 10,037,410 0 0 2,295,380 1,911,735 Local 1,054,987 58,549 2,523 0 257,116 474,181 0 0 172,365 90,253 Oregon 42,570,972 853,171 2,490,543 0 6,298,351 7,256,241 0 0 13,359,526 12,313,140 State 42,570,972 853,171 2,490,543 0 6,298,351 7,256,241 0 0 13,359,526 12,313,140 Local 0 0 0 0 0 0 0 0 0 0 Pennsylvania 75,015,658 4,843,105 670,815 8,239 13,841,069 17,564,522 6,950 1,481,966 22,437,752 14,161,240 State 60,934,043 3,753,486 122,560 0 12,171,035 10,856,752 4,988 0 21,923,411 12,101,811 Local 14,081,615 1,089,619 548,255 8,239 1,670,034 6,707,770 1,962 1,481,966 514,341 2,059,429 Rhode Island 8,730,970 630,555 643,208 0 702,479 3,551,167 0 7,337 1,481,440 1,714,784 State 7,862,380 601,359 643,207 0 522,078 3,113,073 0 0 1,442,381 1,540,282 Local 868,590 29,196 1 0 180,401 438,094 0 7,337 39,059 174,502 South Carolina 28,420,652 460,980 2,421,885 0 3,293,059 6,192,620 0 8,240,968 4,014,817 3,796,323 State 28,375,434 458,351 2,417,286 0 3,282,419 6,167,650 0 8,240,968 4,014,817 3,793,943 Local 45,218 2,629 4,599 0 10,640 24,970 0 0 0 2,380 South Dakota 5,736,852 665,370 63,902 0 904,372 2,936,844 0 0 1,034,104 132,260 State 5,382,524 663,417 63,902 0 828,929 2,803,673 0 0 1,016,258 6,345 Local 354,328 1,953 0 0 75,443 133,171 0 0 17,846 125,915 Tennessee 36,284,569 2,784,761 745,833 1,426 11,084,157 14,480,499 22,344 37,234 6,734,599 393,716 State 29,807,006 2,599,242 489,958 0 9,944,049 10,937,097 0 0 5,836,660 0 Local 6,477,563 185,519 255,875 1,426 1,140,108 3,543,402 22,344 37,234 897,939 393,716 Texas 170,946,317 15,666,596 17,565,404 734,768 25,865,269 75,980,340 0 871,962 31,241,276 3,020,702 State 151,011,420 14,495,826 17,236,127 734,485 23,401,782 67,797,944 0 0 27,345,256 0 Local 19,934,897 1,170,770 329,277 283 2,463,487 8,182,396 0 871,962 3,896,020 3,020,702 Utah 14,352,645 536,246 3,104,624 0 1,146,157 5,974,362 6,845 0 3,584,411 0 State 14,352,645 536,246 3,104,624 0 1,146,157 5,974,362 6,845 0 3,584,411 0 Local NA NA NA NA NA NA NA NA NA NA Vermont 3,188,520 6,674 0 0 18,787 63,383 0 0 24,630 3,075,046 State 3,073,552 6 0 0 0 1 0 0 0 3,073,545 Local 114,968 6,668 0 0 18,787 63,382 0 0 24,630 1,501 Virginia 55,370,973 135,367 56,931 4,805 17,144,826 20,431,598 4,162 71,379 1,695,192 15,826,713 State 45,723,115 0 0 0 14,967,663 17,765,139 0 0 0 12,990,313 Local 9,647,858 135,367 56,931 4,805 2,177,163 2,666,459 4,162 71,379 1,695,192 2,836,400 Washington 42,115,228 343,475 11,253 8,646 13,011,975 24,084,352 0 0 609,931 4,045,596 State 39,247,634 0 11,253 0 12,679,912 22,730,400 0 0 0 3,826,069 Local 2,867,594 343,475 0 8,646 332,063 1,353,952 0 0 609,931 219,527 West Virginia 8,180,619 487,408 166,844 7,680 25,988 4,919,425 0 41,997 2,523,125 8,152 State 7,987,475 452,920 166,788 0 0 4,844,642 0 0 2,523,125 0 Local 193,144 34,488 56 7,680 25,988 74,783 0 41,997 0 8,152 Wisconsin 78,459,177 60,130 1,248 0 23,365,168 50,881,405 129,005 0 1,443,277 2,578,944 State 72,133,383 0 0 0 22,314,673 49,689,705 129,005 0 0 0 Local 6,325,794 60,130 1,248 0 1,050,495 1,191,700 0 0 1,443,277 2,578,944 Wyoming 6,280,939 303,798 853,082 0 942,840 4,029,047 0 0 0 152,172 State 6,280,939 303,798 853,082 0 942,840 4,029,047 0 0 0 152,172 Local NA NA NA NA NA ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Data Created: March 23, 2010 Data Last Revised: September 29, 2011