Nov 15 America's pension systems for state and
local government workers held $3 trillion in stocks, bonds, cash
and other assets at the end of 2011, up a sharp 13.2 percent
from about $2.7 trillion in 2010, the U.S. Census Bureau said on
Last year's gains equaled nearly $352 billion, compared with
a rise of $289 billion in the value of holdings during 2010.
"Most investment categories showed increases, with decreases
only in federal agency securities, funds held in trust and
corporate bonds," the bureau said.
Equities in 2011 rose 12.5 percent to $1.1 trillion and
constituted 34.6 percent of holdings, while corporate bonds
decreased 0.2 percent to $424 billion, or 14 percent of total
The value of foreign and international securities held in
retirement systems for teachers, police and other staff of U.S.
states, cities, counties and other non-federal governments
jumped 24 percent to $523 billion, the bureau said. The segment
accounted for 17.3 percent of overall assets.
Government securities, such as U.S. Treasury debt, increased
to $232 billion, a rise of 3.8 percent during 2011, and
accounted for 8 percent of holdings in 2011.
Total revenue, which included mostly investment returns, but
also contributions from governments and workers, rose 30.6
percent to $616 billion last year.
The bureau said total payments that were mostly benefits
paid to retirees increased in 2011 by 8.5 percent to $232
billion from $214 billion.