Over the same period, total membership in those retirement systems went down 7,500 to 16.2 million.
More than $1.4 trillion was invested in nongovernmental securities, including:
- $708 billion in corporate stocks
- $295 billion in corporate bonds
- $226 billion in foreign and international securities
- $182 billion in mortgages and other securities
Some $273 billion was invested in government securities, mostly federal government securities ($270 billion). Just $101 billion was left in cash and deposits.
Of the 2,211 public employee retirement systems in the US last year:
- Illinois led the list with 377 systems
- Pennsylvania was second with 360
- Florida, Massachusetts, Michigan, Minnesota and Colorado all had 100 or more systems
Twenty-one states had fewer than 10 systems, including Maine and Hawaii – which had only a single system that covered all state and local government employees in those states.
California had the most members and the greatest amount of assets – 1.7 million, and $323.2 billion, respectively.