The U.S. Census Bureau

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

Fiscal Year: 2002-2003

Data are in thousands of dollars
      Receipts Percent of Receipts
Total Receipts 147,747,004 100.00%
                 
Employee Contributions 28,843,747 19.52%
Government Contributions 46,212,289 31.28%
     State Contributions 19,567,749 13.24%
     Local Contributions 26,644,540 18.03%
Earnings on investments 1 72,690,968 49.20%
      Payments Percent of Payments
Total Payments 134,844,916 100.00%
                 
Benefits 122,306,460 90.70%
Withdrawals 4,891,041 3.63%
Other payments 7,647,415 5.67%
      Cash and Investment Holdings Percent of Cash and Investments
Total cash and investment holdings 2,172,001,788 100.00%
                 
Cash and short term investments 99,812,059 4.60%
                 
Total securities 1,891,957,833 87.11%
     Government securities 222,534,967 10.25%
          Federal Government 221,684,160 10.21%
               United States Treasury 161,289,726 7.43%
               Federal agency 60,394,434 2.78%
          State and local government 850,807 0.04%
                 
     Nongovernmental 1,669,422,866 76.86%
          Corporate bonds 317,074,720 14.60%
          Corporate stocks 811,107,881 37.34%
          Mortgages 22,795,540 1.05%
          Funds held in trust 67,250,825 3.10%
          Foreign and international 266,812,023 12.28%
          Other nongovernmental 184,381,877 8.49%
                 
Other investments 180,231,896 8.30%
     Real property 46,766,729 2.15%
     Miscellaneous investments 133,465,167 6.14%
 
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 loses 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.
 
Source: U.S. Census Bureau, Governments Division

Created: March 04,2005
Last revised: March 31 2005