The U.S. Census Bureau

Table 1. National Summary of State and Local Government Employee-Retirement System Finances

Fiscal Year: 1997-1998

Data are in thousands of dollars
      Receipts Percent of Receipts
Total Receipts 261,315,975 100.00%
                 
Employee Contributions 21,834,567 8.36%
Government Contributions 41,850,145 16.02%
     State Contributions 17,957,604 6.87%
     Local Contributions 23,892,541 9.14%
Earnings on investments 1 197,631,263 75.63%
      Payments Percent of Payments
Total Payments 84,013,629 100.00%
                 
Benefits 76,399,606 90.94%
Withdrawals 3,894,745 4.64%
Other payments 3,719,278 4.43%
      Cash and Investment Holdings Percent of Cash and Investments
Total cash and investment holdings 1,718,980,674 100.00%
                 
Cash and short term investments 90,750,043 5.28%
                 
Total securities 1,530,294,769 89.02%
     Government securities 277,995,797 16.17%
          Federal Government 275,810,904 16.05%
               United States Treasury 199,907,679 11.63%
               Federal agency 75,903,225 4.42%
          State and local government 2,184,893 0.13%
                 
     Nongovernmental 1,252,298,972 72.85%
          Corporate bonds 258,525,447 15.04%
          Corporate stocks 638,724,054 37.16%
          Mortgages 22,020,510 1.28%
          Foreign and international 193,861,899 11.28%
          Other nongovernmental 139,167,062 8.10%
                 
Other investments 97,935,862 5.70%
     Real property 32,239,625 1.88%
     Miscellaneous investments 65,696,237 3.82%
 
Source: U.S. Census Bureau, Governments Division

Created: September 07,2001
Last revised: March 31 2004