Public Employee Retirement Systems Saw Finances Improve In 2010

WASHINGTON, D.C. — The nation’s state retirement systems totaled $2.2 trillion in cash and investment holdings in 2010, an increase of $213.9 billion (10.7 percent) from $2.0 trillion in 2009, according to new statistics from the U.S. Census Bureau. This follows a $610.8 billion loss the previous year.

New Jersey’s public employee retirement systems had $66.9 billion in cash and investment holdings, up 6.8 percent from $62.7 billion in 2009. However, according to the data New Jersey had $134.9 billion in pension obligations

In 2010, nationwide investment earnings were $289.6 billion, up from a loss of $511.5 billion in 2009. This is the first year of investment gains since 2007, when earnings totaled $402.3 billion. Investment earnings for 2010 were $112.7 billion below the 2007 level.

New Jersey’s systems earned $8.2 billion in 2010, after losing $11.9 billion in 2009.
These statistics come from the 2010 Annual Survey of Public-Employee Retirement Systems: State-Administered Pensions, which reports the annual membership information and financial activity for the nation’s 222 state-administered public-employee retirement systems, including cash and security investments holdings, receipts, and payments. Statistics are shown for the nation and individual states. This information includes actuarial liability statistics, which project the total obligation required to cover costs for providing pensions to former and present employees.

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