State and Local Government Employee-Retirement Systems
Fiscal Year 2005
| Main Retirement | 2005 Retirement |
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State and Local Government Employee-Retirement Systems Fiscal Year 2005 |
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Survey Content Definitions: Benefits: |
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| Payments to which participants may be entitled under a pension plan, including pension benefits, death and disability benefits due on termination of employment, and all other benefits directly paid from the retirement fund to recipients during the fiscal year surveyed. |
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| Cash and Securities: | |
| Cash, deposits, government securities, bonds, stocks, etc., accumulated by a pension fund for the purpose of meeting retirement benefits when they become due.
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| Government Securities: | |
| Include U.S. Treasury bonds, notes, and Federal Financing Bank and other
federal agency securities.
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| Non-government Securities: | |
| Include stocks, bonds, federally-sponsored agency securities, investments
held in trust, mutual funds, and direct loans.
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| Investments Held in Trust: | |
| May include funds administered by private agencies,guaranteed investment
accounts, and loans made to employees.
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| Common Funds: | |
| Prorated using available secondary sources into appropriate investment detail
(stocks, bonds, federal securities, etc.).
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| Federal Securities: | |
| Includes U.S. Treasury notes and bonds issued by agencies operating under federal
authority but privately administered.
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| Mortgages: | |
| May include mortgage-backed securities where detail is unknown.
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| Short-term Funds: | |
| Cash on hand, demand deposits, and time deposits such as certificates of
deposits are classified as “cash and deposits,” but may include federal securities or commercial and
finance company paper not shown in detail.
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| Contributions: | |
| Amounts paid into a pension fund by the parent government or employees
pursuant to terms of the fund, state law, actuarial calculation, or other basis for determination.
Excludes any amounts received for transmittal to the Federal Social Security System, amounts received
from the liquidation of investments, and any other receipts for social insurance programs not part of
the pension funds.
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| Earnings on Investment: | |
| Interest, dividends, rents, and other earnings on investments. Includes
realized and unrealized gains on sale of investments net of any realized or unrealized losses based on
reporting market value for corporate bonds and stocks.
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| Membership: | |
| Active Members: | |
| Include employees making payments to contributory pension plans, as well as
other employees on whose behalf contributions are made by the sponsoring government (noncontributory retirement systems).
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| Inactive Members: | |
| Former employees or others on extended leave who have retained retirement credits.
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| Beneficiaries: | |
| Retirees who may receive lump-sum benefit payments on retirement or who may
elect to receive benefits periodically, depending on the provisions of a pension plan.
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| Survey Data: | |
| Data collected on total holding and investments, total revenue, employee
contributions, government contributions, total expenditures, benefits paid, and total deposits for both
State and Local retirement systems. Data are shown for individual retirement systems as well as at the
national, state, and local level.
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| Withdrawals: | |
| Amounts paid to employees or former employees or their survivors, representing
return of contributions made by employees during the period of their employment, and any interest on such
amounts. Also includes any transfers of investment holdings or reimbursements for benefits paid where another
pension fund assumes responsibility for direct benefit payment to retirees.
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Questionnaire: |
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F-11
Locally Administered Employee-Retirement Systems |
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F-12
State Administered Employee-Retirement Systems |
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