Census Bureau Reports State and Local Public Employee Retirement Systems Assets Drop Nearly $180 Billion in 2008

Source: Census Bureau

The nation’s state and local government employee retirement systems totaled $3.2 trillion in holdings and assets in 2008, a loss of $178.8 billion, according to new data released by the U.S. Census Bureau.

     These data come from the 2008 State and Local Government Employee Retirement Systems Survey, which provides an annual look at the financial activity of the nation’s state and local public employee retirement systems, including cash and security investment holdings, receipts and payments.