IWS Documented News DAILY POSTINGS

IWS Documented News Service
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Institute for Workplace Studies                 Professor Samuel B. Bacharach
School of Industrial & Labor Relations          Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor                  Stuart Basefsky
New York, NY 10016                      Director, IWS News Bureau
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Census Bureau

2003 State and Local Government-Retirement Systems [31 March 2005]
http://www.census.gov/govs/www/retire.html


The State and Local Government Employee-Retirement System survey provides revenues, expenditures, financial assets, and membership information for public employee retirement systems.  Data are shown for individual retirement systems as well as at the national, state, and local level.  State and local government employee retirement systems are an important component of the Nation`s government sector.

In fiscal year 2003, the nation's 2,657 state and local government employee-retirement systems in the nation held nearly $2.2 trillion in cash and investment holdings. Nongovernmental securities accounted for 77 percent of their total holdings, while government securities comprised 10 percent of the total.

The 218 state government employee-retirement systems had 12.5 million active members, while the 2,439 local government systems had 1.7 million. A total of 6.4 million people received $122.3 billion in benefit payments based on retirement due to age, disability or rights of survivorship.
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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

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Stuart Basefsky                 *
Director, IWS News Bureau               *
Institute for Workplace Studies *
Cornell/ILR School                      *
16 E. 34th Street, 4th Floor            *
New York, NY 10016                      *
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Telephone: (607) 255-2703               *
Fax: (607) 255-9641                     *
E-mail: smb6@cornell.edu                *
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# posted by SBasefsky : 3:37 PM