Total holdings and investments of major public pension systems reached their highest level since their peak in 2007, according to the U.S. Census Bureau's Quarterly Survey of Public Pensions for the fourth quarter of 2012.
For the 100 largest public-employee retirement systems in the country, cash and security holdings totaled $2.8 trillion in the fourth quarter, compared to $2.9 trillion in the fourth quarter of 2007. Cash and security holdings had a quarter-to-quarter increase of 1.7 percent from $2.789 trillion last quarter and a year-to-year increase of 8.6 percent from $2.6 trillion in the fourth quarter of 2011.
Earnings on investments totaled $67.3 billion in the fourth quarter of 2012.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
