The U.S. Census Bureau

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

Fiscal Year: 1992-1993

Data are in thousands of dollars
      Receipts Percent of Receipts
Total Receipts 125,942,566 100.00%
                 
Employee Contributions 16,137,931 12.81%
Government Contributions 34,991,684 27.78%
     State Contributions 15,186,886 12.06%
     Local Contributions 19,804,798 15.73%
Earnings on investments 1 74,812,951 59.40%
      Payments Percent of Payments
Total Payments 52,598,701 100.00%
                 
Benefits 48,327,862 91.88%
Withdrawals 2,477,142 4.71%
Other payments 1,793,697 3.41%
      Cash and Investment Holdings Percent of Cash and Investments
Total cash and investment holdings 920,571,814 100.00%
                 
Cash and short term investments 66,192,708 7.19%
                 
Total securities 774,844,444 84.17%
     Government securities 203,452,928 22.10%
          Federal Government 202,923,476 22.04%
               United States Treasury 164,960,892 17.92%
               Federal agency 37,962,584 4.12%
          State and local government 529,452 0.06%
                 
     Nongovernmental 571,391,516 62.07%
          Corporate bonds 174,446,987 18.95%
          Corporate stocks 301,315,623 32.73%
          Mortgages 19,458,912 2.11%
          Foreign and international 0 0.00%
          Other nongovernmental 76,169,994 8.27%
                 
Other investments 68,813,123 7.48%
     Real property 23,635,084 2.57%
     Miscellaneous investments 45,178,039 4.91%