Quarterly Survey of Public Pensions for 2015: Q3

Source: U.S. Census Bureau, G15-QSPP3, December 23, 2015

The Quarterly Survey of Public Pensions is a quarterly survey that provides national summary data on the revenues, expenditures, and composition of assets of the largest defined benefit public employee pension systems for state and local governments. This survey currently consists of a panel of 100 pension systems, which comprise 88.4 percent of financial activity among such entities, based on the 2012 Census of Governments.

For the 100 largest public-employee pension systems in the country, cash and security holdings totaled $3,211.8 billion in the third quarter of 2015, dropping from $3,377.7 billion in the second quarter of 2015, a decrease of 4.9 percent. Compared to the same quarter in 2014, assets for these major public pension systems decreased 2.5 percent from $3,292.6 billion (see Figure 1). This decline in assets is due to negative earnings, which fell from a gain of $32.6 billion in the second quarter of 2015 to a loss of $145.9 billion in the third quarter….
Related:
Cash and Security Holdings of Major Public Employee Retirement Systems
Earnings on Investments, Contributions, and Payments of Major Public Employee Retirement Systems
Percent Distribution of the Cash and Security Holdings of Major Public Employee Retirement Systems