Washington - Taxation
Census: Public Pension Plans Increased 13.2% in 2011
Thursday, November 15, 2012
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State and local public-employee pension systems had $3 trillion in cash and investment holdings in 2011, a $351.9 billion or 13.2% increase from $2.7 trillion in 2010, according to a new annual Census Bureau survey.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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