WASHINGTON — State and local public-employee pension systems had $3 trillion in cash and investment holdings in fiscal 2011, a $351.9 billion or 13.2% increase from $2.7 trillion in fiscal 2010, according to a new annual survey from the Census Bureau.
This follows a $288.7 billion gain from 2009 to 2010. The survey, released Thursday, looked at the financial activity and membership information of state and local public-employee pension systems. Specifically, the survey analyzed revenues, expenditures, investment holdings, and beneficiaries. It covered the fiscal year between July 1, 2010 and June 30, 2011 and not the calendar year.