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State-run public pensions saw increase in assets, deficit in 2011

State-administered defined benefit retirement systems saw a 14.6 percent increase in cash and investment holdings from 2010 to 2011, but their pension obligations also increased.

By Paula Aven Gladych | Updated on August 09, 2012

State-administered defined benefit retirement systems saw a 14.6 percent increase in cash and investment holdings from 2010 to 2011. The nation’s 222 state public employee retirement systems had $2.5 trillion in assets in 2011, compared to $2.2 trillion in 2010, according to the U.S. Census Bureau’s “2011 Annual Survey of Public Pensions: State-Administered Defined Benefit Data.”

Corporate stocks increased 13.8 percent, from $767.1 billion in 2010 to $873.2 billion in 2011, and comprised 34.3 percent of total holdings in 2011. Corporate bonds decreased 2.1 percent from $357 billion in 2010 to $349.7 billion in 2011, and comprised 13.8 percent of total holdings in 2011.

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