Table 1.  National Summary of State and Local Government
Employee-Retirement System Finances: Fiscal Year 2000 - 2001
(Thousand dollars.  Detail may not add to total because of rounding)

                                                    Amount          Percent

Total receipts                                 123,222,879           100.00

Employee contributions                          26,437,534            21.46
Government contributions                        38,844,791            31.52
  State governments contributions               17,594,431            14.28
  Local governments contributions               21,250,360            17.25
Earnings on investments                         57,940,554            47.02

Total Payments                                 112,257,990           100.00

Benefits                                       100,936,411            89.91
Withdrawals                                      4,151,146             3.70
Other payments                                   7,170,433             6.39

Total cash and investment
  holdings at end of fiscal year             2,157,629,168           100.00

Cash and short-term investments                117,392,023             5.44

Total securities                             1,867,275,989            86.54
Governmental securities                        246,787,978            11.44
  Federal Government                           245,644,094            11.38
    United States Treasury                     166,879,417             7.73
    Federal agency                              78,764,677             3.65
  State and local government                     1,143,884             0.05

Nongovernmental securities                   1,620,488,011            75.11
  Corporate bonds                              381,254,779            17.67
  Corporate stocks                             762,855,073            35.36
  Mortgages                                     22,896,895             1.06
  Foreign and international                    275,771,644            12.78
  Other nongovernmental                        177,709,620             8.24

Other investments                              172,961,157             8.02
  Real Property                                 43,611,657             2.02
  Miscellaneous investments                    129,349,500             5.99