Source: U.S. Census Bureau
The nation’s state and local public employee retirement systems had $2.5 trillion in total cash and investment holdings in 2009, a $726.1 billion or 22.7 percent decrease from $3.2 trillion in 2008, according to new statistics from the U.S. Census Bureau. This follows a $176.7 billion loss the previous year.
These statistics come from the 2009 State and Local Public Employee Retirement Systems Survey, which provides an annual look at the financial activity and membership information of the nation’s state and local public employee retirement systems, including revenues, expenditures, investment holdings and number of retirement systems.
