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Census Bureau Reports Increase Of 13.2 Percent For State And Local Government Pension Funds In 2011

Payments

Total payments increased by 8.5 percent, from $213.8 billion in 2010 to $232.0 billion in 2011. Payments consist of benefits, withdrawals and other payments.  Benefits increased by 7.6 percent, from $201.0 billion in 2010 to $216.3 billion in 2011.  Benefit payments comprised 93.3 percent of total payments. (See Table 3 for individual state statistics.)

Statistics are shown for revenues, expenditures, cash and investments, and membership information by national, state and local levels, in addition to a national summary table. The structure of retirement systems varies widely among states. In some jurisdictions, state and local government employees are vested in a small number of statewide systems.

For more information, go to http://www.census.gov/govs/retire/ .

The estimates in this report are subject to sampling error. All comparisons in the report have been tested and found to be statistically significant at the 90 percent confidence level.

The Internet tables are from the Annual Survey of Public Pensions: State- and Locally-Administered Defined Benefit Data for fiscal year 2011. The statistics in these tables are from a sample of public-employee retirement systems and are subject to sampling variability.  Additionally, the data are subject to coverage, response, and processing errors as well as errors of nonresponse. For more information on the data limitations, definitions, and methodology, see http://www.census.gov/govs/retire/how_data_collected.html .

For more information on realized and unrealized gains/losses, see Section 7.2.2, Measurement Issues: Valuation, of the 2006 Government Finance and Employment Classification Manual at http://www.census.gov/govs/classification/ .

Editor's note: The tables can be accessed at http://www.census.gov/govs/retire/.

Brian Lavin Public Information Office301-763-3030 email: pio@census.gov

SOURCE U.S. Census Bureau

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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