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
----------------------------------------------------------
Total receipts                                  56,645,613
   Employee contributions                       31,639,290
   Government contributions                     64,095,752
      State government contributions(r)         35,755,522
      Local government contributions(r)         28,340,230
   Earnings on investments(1)                  -39,089,429
                                                                                                                  
Total payments                                 157,459,093
   Benefits                                    143,453,487
   Withdrawals                                   3,260,178
   Other payments                               10,745,428
                                                                                                              
Total cash and investment holdings           2,670,483,906
                                                                                                              
Cash and short-term investments                 66,321,984
                                                                                                                
Total securities                             2,237,097,553
   Governmental securities                     197,554,688
      Federal government                       196,302,107
         United States Treasury                119,174,614
         Federal agency                         77,127,493
      State and local government                 1,252,581
   Nongovernmental                           2,039,542,865
      Corporate bonds                          431,406,612
      Corporate stocks                         951,034,623
      Mortgages                                  9,476,389
      Funds held in trust                       58,585,393
      Foreign and international                396,971,226
      Other nongovernmental                    192,068,622
                                                                                                                
Other investment                               367,064,369
   Real property                                79,794,658
   Miscellaneous investments                   287,269,711

Pension Obligations                          2,912,759,428 

Covered Payroll                                535,940,463 
----------------------------------------------------------

(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.

(r) Data for "State government contributions" and "Local government contributions" were transposed  
when released in April 2011. As of October 13, 2011 the data cells correspond to the correct  
contributions category. No other revisions have been made to the statistics since April 22, 2011.

Data Created: February 25, 2011 
Data Last Revised: April 22, 2011