| Table 1. National Summary of State Public |
| Employee Retirement System Finances: 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 are based on information from public records and contain no confidential data. |
| Additional information on sampling error, nonsampling error, and response rates may be |
| found at http://www.census.gov/govs/retire/how_data_collected.html. |
| Item | Amount | Percent |
|---|---|---|
| Total receipts | 56,645,613 | 100.0% |
| Employee contributions | 31,639,290 | 55.9% |
| Government contributions | 64,095,752 | 113.2% |
| State government contributions | 28,340,230 | 50.0% |
| Local government contributions | 35,755,522 | 63.1% |
| Earnings on investments(1) | (39,089,429) | -69.0% |
| Total payments | 157,459,093 | 100.0% |
| Benefits | 143,453,487 | 91.1% |
| Withdrawals | 3,260,178 | 2.1% |
| Other payments | 10,745,428 | 6.8% |
| Total cash and investment holdings | 2,670,483,906 | 100.0% |
| Cash and short-term investments | 66,321,984 | 2.5% |
| Total securities | 2,237,097,553 | 83.8% |
| Governmental securities | 197,554,688 | 7.4% |
| Federal government | 196,302,107 | 7.4% |
| United States Treasury | 119,174,614 | 4.5% |
| Federal agency | 77,127,493 | 2.9% |
| State and local government | 1,252,581 | 0.0% |
| Nongovernmental | 2,039,542,865 | 76.4% |
| Corporate bonds | 431,406,612 | 16.2% |
| Corporate stocks | 951,034,623 | 35.6% |
| Mortgages | 9,476,389 | 0.4% |
| Funds held in trust | 58,585,393 | 2.2% |
| Foreign and international | 396,971,226 | 14.9% |
| Other nongovernmental | 192,068,622 | 7.2% |
| Other investments | 367,064,369 | 13.7% |
| Real property | 79,794,658 | 3.0% |
| Miscellaneous investments | 287,269,711 | 10.8% |
| Pension Obligations | 2,912,759,428 | 100.0% |
| Covered Payroll | 535,940,463 | 100.0% |
| (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 Last Revised: April 22, 2011 |