According to new statistics from the U.S. Census Bureau, the nation's state and local public employee retirement systems had $2.7 trillion in total cash and investment holdings in 2010, a 10.6 percent increase from 2009.
The "2010 Annual Survey of Public-Employee Retirement Systems" report provides an annual look at the financial activity and membership information of the nation's state and local public-employee retirement systems, including revenue, expenditures, investment holdings and number of retirement systems and beneficiaries.
There were $346.1 billion in earnings on investments in 2010, compared with prior year losses of $621.1 billion. This was the first year that showed positive earnings since 2007, the report found.
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