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State pension assets rise $325B in 2011

Aug. 9, 2012 at 4:17 PM   |   Comments

WASHINGTON, Aug. 9 (UPI) -- State pension systems across the United States total $2.5 trillion in cash and holdings in 2011, a 14.6 percent increase over 2010, the U.S. Census Bureau said.

Earnings on investments last year were $410.6 billion, up from $291.1 billion in 2010, the Commerce Department agency said Thursday in a release.

The bureau said the statistics were from the "2011 Annual Survey of Public Pensions: State-Administered Defined Benefit Data," which examines financial activity and membership information for the nation's 222 state-administered, public-employee retirement systems, including revenues, expenditures, investment holdings, membership and beneficiaries.

Total revenue increased 32.8 percent, from $389.0 billion in 2010 to $516.5 billion in 2011.

Total payments rose 8.5 percent in 2011, from $174.2 billion in 2010 to $189.0 billion the previous year.

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